Item 7.2 - Laserfiche WebLink

Home Browse Search

• by the EDA to be necessary or appropriate for the development of the Development Project in accordance with the Development Program. The Development Program shall include such goals and activities as may be identified and pursued pursuant to housing and redevelopment authority powers and development district powers under Minnesota Statutes, Sections 469.001 through 469.047 and 469.124 through 469.134. Without limitation, these may include the promotion of and assistance to any"project" within the meaning of Minnesota Statutes, Section 469.002, Subdivision 12, including without limitation a "redevelopment project," as defined in Minnesota Statutes, Section 469.002, Subdivision 14. In addition, the EDA and the City hereby designate the Development Program as and determine that it is a "redevelopment plan" within the meaning of Minnesota Statutes, Section 469.002, Subdivision 16, and a "development program" within the meaning of Minnesota Statutes, Section 469.125, Subdivision 3. Section 1.3. Statement and Finding of Public Purpose. The EDA finds that there is a need for development within the City and the Development Project to provide necessary public safety and other government services, to provide employment opportunities, to improve the local tax base, and to improve the general economy of the City and the State. The sound development of the economic security of the people in the City depends upon proper development of marginal and other property, which includes property that meets any one of a number of conditions, including properties whose values are too low to pay for the public services required or rendered • and properties whose lack of use or improper use has resulted in stagnant or unproductive land that could otherwise contribute to the public health, safety, and welfare. The EDA and the City find that in many cases such property cannot be developed without public participation and assistance in forms including property acquisition and/or write-down, assistance in acquiring necessary streets or other public rights-of-way, proper planning, the financing of land assembly in the work of clearance or development, and the making or financing of various other public and private improvements necessary for and supportive of development. In cases where deemed appropriate, the EDA and the City believe it to be in the public interest to consider the exercise of its powers to advance and spend public money, and to provide the means and impetus for such development. The EDA and the City find that in certain cases property within the Development Project would or may not be available for development without the specific financial aid or other assistance to be sought, that the Development Program will afford maximum opportunity, consistent with the needs of the City as a whole, for the development of the Development Project by private enterprise and otherwise, and that the Development Program conforms to the general plan for the development of the City as a whole. The EDA and the City also find that the welfare of the City and the State requires the active promotion, retention, attraction, encouragement, and development of economically sound industry, commerce and public service facilities through governmental action for the purpose of • preventing the emergence of blighted and marginal lands and areas of chronic unemployment. It shall also be the policy of the EDA to facilitate and encourage such action as may be necessary 1382791v1 2