2A, City - County Joint Powers Agreement for TCAAP

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ARTICLE II JOINT DEVELOPMENT AUTHORITY Section 2.1. Authorization. City and County each certify that the authority to enter into this Joint Agreement has been established by a resolution approved by the governing body of each Party. This Joint Agreement is effective as of the date first stated above in the caption of this Joint Agreement and shall continue in force until modified or terminated by the Parties as provided herein. Section 2.2. General Purpose. Pursuant to the authority of the Joint Powers Act, the Parties desire and intend that the redevelopment of the TCAAP Site take place to remediate and eliminate blighting conditions and to make possible and result in significant amounts of new development (the "New Development" as further defined below). The New Development will include the allocation by the Parties of the construction and financing of necessary off-site and on-site transportation improvements, as well as internal streets, water and sanitary and storm sewer and other public facilities and other public and private utilities and improvements to be located on the TCAAP Site (collectively, the "Public Improvements"). The Parties will develop plans to provide for a mix of residential, commercial, light industrial and other uses utilizing the Public Improvements (collectively, the Public Improvements and the uses proposed for the TCAAP Site comprise the "New Development"). The plans guiding the type, density, location and timing of implementation of the components of the New Development comprise the "TCAAP Master Plan", as further described in this Joint Agreement. The goals of the New Development are to redevelop the TCAAP Site to provide employment opportunities, improve the tax base, and improve the general economy of the City, the local community and Ramsey County as a whole. Section 2.3. Joint Development Authority. Pursuant to the authority of the Joint Powers Act and this Joint Agreement, the Parties hereby create a joint powers board titled the TCAAP Joint Development Authority (the "JDA"). The purpose of the JDA is to exercise to the extent permitted by the Joint Powers Act and the general laws of the State, the authority found in Laws 2009, Chapter 88, §16 applicable to the TCAAP Site and the common powers of each Party for the redevelopment of the TCAAP Site. These activities to be conducted under this authority include, but are not limited to, environmental remediation, elimination of blight, infrastructure construction and financing, comprehensive planning and zoning, and economic development and redevelopment. 2.3.1. JDA Board Membership. The JDA Board shall consist of five (5) members appointed as provided in this Section(also "the "Board"). Each Party shall appoint two (2) members from its respective governing body. City shall also appoint to the Board a suitable non-elected official member to serve as the Chair of the JDA Board. The term of each member shall be a two (2) year term; co-terminus with each member's elected or appointed term of office. In the case of a vacancy on the Board of a member from either Party, that Party shall appoint a new member to fill the respective vacancy for the remainder of that term. Each 6