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HomeMy WebLinkAboutCity Council Resolution 1998-631CITY OF PLYMOUTH Resolution 98-631156 AUTHORIZING SUBMISSION OF AN APPLICATION TO THE MINNESOTA DEPARTMENT OF TRADE AND ECONOMIC DEVELOPMENT'S CONTAMINATION CLEANUP GRANT PROGRAM FOR THE VILLAGE AT BASSETT CREEK DEVELOPMENTAUTHORIZING UTHORIZIN A RESTRUCTURING OF THE PROPOSED FINANCING N!''ING FOR TAX INCREMENT FINANCING N!''TNG DIST ICT No 7 5, GIVING A DDDON_AL TO FUNDING FOR PHASE 1, AND AUTHORIZING STAFF TO SCHEDULE THE PUBLIC HEARINGS FOR ANY COUNCIL ACTIONS NECESSARY FOR THE RE STRUCTURING OF TATs FINANCING PLAN N T� O Ts TADISTRICT vz WHEREAS, on September 2, 1998September 3 9 , the City Council of the City of Plymouth, Minnesota (the "CITY") adopted Resolution No. 98-54197 520, creating a new Tax Increment Financing District No. 7-5A, the Village At Bassett Creek DevelopmentEstablishing TW. T,,,.fem Finaneing Distfiet No. 7 -5; and WHEREAS, development of —a ofthis Dist iet the pfoposed deveiopmew has been divided the westerly portion of the District ("Phase 2") requires additional financial assistance to cleanup contaminated constriction debris deposited on the site; and WHEREAS, the Minnesota Department of Trade and Economic Development ("DTED") is accepting applications for financing to cleanup contaminated sites such as Phase 2� of $3,33 4 4nnn 1998; and WHEREAS, evidence of s„ppai4 f aiii the City wishes to authorize an application from the Housing and Redevelopment Authority In and For the City of Plymouth (the "Plymouth HRA") to DTED's Contamination Cleanup Program for Phase 2 of the Village At Bassett Creek Developmentfef the „so of -f- the HUD f-1. eff funding to make possible the developmew of these tinits +41 moi; NOW THEREFORE BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota that the Plymouth HRA act as the legal sponsor for the project contained in the Contamination Cleanup Grant Program to be submitted by November 1, 1998 and that Anne Hurlburt, HRA Executive Director, is hereby authorized to apply to the Department of Trade and Economic Development for fiinding of this project on behalf of the Plymouth HRA. �_ ■ . _ Inc. and U- ■- - • _ r, , �■ . ■ This Resolution shall be in full fefee and eff-eet ffam and aftef the BE IT FURTHER RESOLVED that the Plymouth HRA has the legal authority to apply for financial assistance, and the institutional, managerial, and financial capability to ensure adequate project administration. BE IT FURTHER RESOLVED that the sources and amounts of the local match identified in the application are committed to the project identified. BE IT FURTHER RESOLVED that the Plymouth HRA has not violated any Federal, State or local laws pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawfi l or corrupt practice. BE IT FURTHER RESOLVED that upon approval of its application by the state, the Plymouth HRA may enter into an agreement with the State of Minnesota for the above referenced project, and that the Plymouth HRA certifies that it will comply with all applicable laws as stated in all contract agreements. NOW THEREFORE BE IT RESOLVED that Anne Hurlburt_ HRA Executive Director is authorized to execute such agreements as are necessary to implement the project on behalf of the applicant. Adopted by the Plymouth City Council on October 21, 1998.