HomeMy WebLinkAboutResolution No. 2014-016 Application to MN DEED Pentagon Park PropertyRESOLUTION NO. 2014 -16
AUTHORIZING AN APPLICATION TO THE MINNESOTA DEPARTMENT OF
EMPLOYMENT AND ECONOMIC DEVELOPMENT FOR A GRANT TO SUPPORT THE
REDEVELOPMENT OF THE PENTAGON PARK PROPERTY
BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as follows:
WHEREAS the City of Edina is a statutory city eligible to apply for grant funding; and
WHEREAS, the State of Minnesota Department of Employment and Economic Development is
soliciting requests for grant applications to further redevelopment and employment goals; and
WHEREAS the City has identified a project that satisfies the Redevelopment Grant purpose and
criteria; and
WHEREAS, the Pentagon Park South site suffers from a lack of investment by previous ownership
and an exceptionally high vacancy rate; and
WHEREAS, it is apparent that the property's condition and value will continue to decline until it is
properly repositioned and that the site appears unable to be returned to a highest and best use without
grant assistance.
BE IT RESOLVED that the City of Edina act as the legal sponsor for project contained in the
Redevelopment Grant Program to be submitted on February 3, 2014 and that Mayor James B. Hovland is
hereby authorized to apply to the Department of Employment and Economic Development for funding of
this project on behalf of Edina.
BE IT FURTHER RESOLVED that the City of Edina 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 City of Edina is in the process of evaluating the conditions in
and around the location of Pentagon Park South and that the likely outcome is confirmation that the area
qualifies as a Tax Increment Financing District.
BE IT FURTHER RESOLVED that the City of Edina intends to give full consideration to the use of
tax increment financing as a tool to provide the required local match so that the redevelopment goals can be
achieved.
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov . 952 - 927 -8861 . Fax 952 - 826 -0389
BE IT FURTHER RESOLVED that the City of Edina has not violated any Federal, State or local laws
pertaining to fraud, bribery, graft, kickbacks, collusion, conflict of interest or other unlawful or corrupt
practice.
BE IT FURTHER RESOLVED that upon approval of its application by the state, the City of Edina may
enter into an agreement with the State of Minnesota for the above referenced project(s), and that the City
of Edina certifies that it will comply with all applicable laws and regulation as stated in all contract
agreements.
NOW, THEREFORE BE IT FINALLY RESOLVED that the M kor and the Clerk are hereby
authorized to execute such agreements as are necessary to implement t e oject on behalf of the applicant.
Adopted by the Edina City Council this 21 st day of January, 2014.
Attest:
Debra A. Mangen, City Clerk James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA ) CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and
foregoing City Council Minutes is a true and correct copy of the Resolution duly adopted by the Edina City Council at
its regular meeting of January 21, 2014, and as recorded in the Minutes of said regular meeting.
WITNESS, my hand and seal of said City this day of , 2014.
Debra A. Manger, City Clerk