9A, 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 signif e-ant ametintsimnlementation of new development ( the "New Development'' as fiiA er- defi a below). The New Development will inelude the alloeation by the Pal4ies of the eonstruetion streets, water- and sanitafy and stofm sewer and other- 1--ilklies and other publie an-, m €mThe-rccrcrcT will rdevelop to provide—for--u'--mix-vi-residential, ev,.,me:..� , light industrial and Othef uses utilizing the Publie impr-ovements (eolleetively, the Pii impr-ovements and the e tiles proposed for- the TG A A A Site eo ise the "New D e ..ent!> defined in Section 1.1 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 2 e Parties 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. City Board members shall be residents of the City at the time of annointment and maintain residency during their term. The term of each member shall be a two (2) year term, t each member's's .-lecte c- ;n*°a *° : of^ Each Party may determine in its discretion the length of service of its 6