02-001 EDA
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ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF SHOREWOOD
RESOLUTION NO. 02-001
RESOLUTION APPROVING THE ESTABLISHMENT OF THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO.1
BE IT RESOLVED by the Board of Commissioners ("Board") of the City of Shorewood,
Minnesota ("City") as follows:
Section 1. Recitals.
1.01. Pursuant to Minnesota Statutes, Sections 469.090 to 469.1081 (the "EDA Act"),
the City and the Economic Development Authority of the City of Shorewood ("Authority") may
establish a redevelopment project in order to carry out certain redevelopment activities within the
City.
1.02. The City and Authority have proposed establishing Redevelopment Project No.1
(the "Project"), which is a "redevelopment project" within the meaning of Minn. Stat. Sections
469.001 to 469.047 ("HRA Act"), and the Authority has prepared a Redevelopment Plan for the
Redevelopment Project No.1 ("Project Plan").
1.03. The Authority has determined that conditions exist within the Redevelopment
Project which have prevented further development of land by private enterprise and the area
within the Redevelopment Project is potentially more useful and valuable for contributing to the
public health, safety and welfare than has been realized under existing development.
1.04. The Authority has reviewed a draft of the Project Plan for the Project and has
submitted that plan for review by the City Planning Commission.
Section 2. Findings~ Redevelopment Proiect.
2.01. The land in the Project area would not be made available for redevelopment
without the financial aid to be sought.
2.02. The Project Plan will afford the maximum opportunity, consistent with the needs of
the City as a whole, for the redevelopment of the Project by private enterprise.
2.03. The Project Plan conforms to the general plan for the development of the City as a
whole.
Section 3. Plan Adopted.
3.01. The Project Plan is hereby approved and. adopted in substantially the form on file in
City Hall. The boundaries of the Project are described in the Project Plan.
3.02. Staff and consultants are authorized to take all actions necessary to implement the
Proj ect Plan.
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Approved by the BoarE ~f Commissioners of the Economic Devel
of Shorewood this 2.!'T" day of January, 2002.
Attest:
JKP-205069vl
HA360-7
ent Authority for the City