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HomeMy WebLinkAboutCCRes_83-24• EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF FALCON HEIGHTS, MINNESOTA HELD: JULY 27, 1983 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Falcon Heights, Ramsey County, Minnesota, was duly held at 7:30 o'clock p.m. The following members of the Council were present: Chestovich, Eggert, Warkentien, Larson and Ci rnia; and the followin were absent: g none. Member Ciernia introduced the following resolution and moved its adoption: RESOLUTION N0. 83-24 RESOLUTION FORMING DEVELOPMENT DISTRICT, ADOPTING DEVELOPMENT PROGRAM AND TAX INCREMENT FINANCING PLAN, DECLARING PUBLIC PURPOSE, REQUESTING CERTIFICATION OF ORIGINAL ASSESSED VALUE, PROVIDING FOR FILING, ADMINISTRATION, AND SPECIAL ACCOUNT WHEREAS: A. It has been proposed that the City of Falcon Heights form a development district and adopt a development program and tax increment financing plan therefor under the provisions of Minnesota Statutes, Section 273.71 to 273.78 and Chapter 472 (collectively the "Act"). B. In accordance with the provisions of the Act, the City Council has consulted with the Planning. Commission and the members of the Board of Commissioners of Ramsey County and the School Board of Independent School District No. 623; • C. Said proposal has heretofore been given preliminary approval by the City Council; and • D. A public hearing was duly held on said proposal on April 20, 1983 in accordance with the provisions of the Act; NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of Falcon Heights as follows: 1. Development District. There has heretofore been established in the City of Falcon Heights a development district known as "Development District No. 1". This development district is hereby enlarged and the boundaries are fixed and determined as shown on the attached Exhibit A incorporated herein by reference. 2. Development Program. The development program as set forth in the report entitled "Development District No. 1 (as amended) and Tax Increment Financing Plan for an Economic Development District No. 1" and dated April 9, 1983, a copy of which is on file in the office of the City Clerk, is adopted as the Development Program for Development District No. 1. 3. Tax Increment Financin Plan. The tax increment financing plan as set orth xn said report is adopted as the Tax Increment Financing Plan for Development District No. 1, and the City Council makes the following findings: • ___ (a) Development District No. 1 is an economic development project as defined in Minnesota Statutes, Section 273.73, the specific basis for such determination being: The development district improvements are a project which will preserve and enhance the tax base of the City. Included is the construction of storm water management facilities which will make possible residential and commercial development of property now vacant and not served by these necessary public improvements.. (b) The Development Program for Development District No. 1, in the opinion of the City Council, would not occur solely through private investment within the reasonably foreseeable future and therefore the use of tax increment • financing is deemed necessary. The land has not been developed in the past, nor will it be developed in the foreseeable future due to the lack of private investment capital to provide proper drainage for the area or to extend municipal facilities. For example the cost of privately financing the storm water system could not be feasibly recovered by developers. (c) The Tax Increment Financing Plan conforms to the general plan for development or redevelopment of the City of Falcon Heights as a whole by encouraging the highest and best use of vacant, but unusable land in the City. (d) .The Tax Increment Financing Plan will afford maximum opportunity, consistent with the sound needs of the City of Falcon Heights as a whole, for the development or redevelopment of Development District No. I by private enterprise.. Tt will promote and secure the prompt development of property in the Development District with a minimal adverse impact on the environment, provide additional employment opportunities within the Development District for residents of the City and the surrounding area; and enhance the value of previously developed areas of the community. (e) The City of Falcon Heights elects the method of tax increment computation set forth in Minnesota Statutes, Section 273.76, Subd. 3, clause (a). • 4. Public Purpose. The formation of Development District No. 1 and adoption of~the Development Program and Tax, Increment Financing Plan conform in all respects to the requirements of the Act and will .help fulfill a-need to develop an area of the City which is already built up to provide employment opportunities to improve the tax base and to improve the general economy of the State and thereby serves a public purpose. 5. Certification. The Auditor of Ramsey County is requested to certify the original assessed value of Development District No. 1 as described in the Tax Increment Financing Plan, and to certify in each year thereafter the amount by which the original assessed value has increased or decreased in accordance with the Act; and the City Clerk is authorized and directed to forthwith transmit this request to the County Auditor in such form and content as the Auditor may specify, together with a list of all properties within Development. District No. 1 for which building permits have been issued during the 18 months immediately preceding the adoption of this Resolution. 6. Special Account. There is created a special account designated "Development District No. 1 Tax Increment Account" to be held by the City Treasurer separate and apart from all other accounts of the City into which shall be credited all tax increments received with respect to Development District No. 1 to be used in accordance with the Act and the Tax Increment Financing Plan. • 7. Filing. The City Clerk is further authorized and directed to file a copy of the Tax Increment Financing Plan for Development District No. 1 with. the Department of Energy and Economic Development. 8. Administration. The administration of Development District No. l is assigned to the Clerk-Administrator who shall from time to time be granted such powers and duties pursuant to Minnesota Statutes, Sections 472A.09 and 472A.10 as the City Council may deem appropriate. The motion for the adoption. of the foregoing resolution was duly seconded by member Eggert and upon vote being taken thereon, the following voted in favor thereof: Chestovich Eggert Warkentien Larson Ciernia and the following voted against the same: none. Whereupon said resolution was declared duly passed and adopted. • STATE OF MINNESOTA • COUNTY OF RAMSEY CITY OF FALCON HEIGHTS I, .the undersigned, being the dulyqualified and C_ acting Clerk-Administrator of the City of Falcon Heights, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file xn my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council of said City, duly called and held on the date therein indicated, insofar as such minutes relate to the formation of a development district in the City. WITNESS my hand and the seal of said City this 2nd day of a„g1,Gr 1983. -~ City Clerk-Administrator (SE ~.L ) • EXHIBIT A DEVELOPMENT DISTRICT NUMBER 1 A. Legal Description of Development District All area enclosed by Fairview Avenue to the east, Larpenteur Avenue to the south, Cleveland Avenue to the west, and Roselawn Avenue to the north and the right of way of Gortner Avenue from Larpenteur Avenue south 1200 feet; and Beginning at the southwest corner of the City Hall property and extending west along the North right of way of Larpenteur Avenue to Fulham. South on Fulham to Hoyt and east to the east right of way of Cleveland, then north to the south right of way of Larpenteur, then east to the west right of way of Gortner Avenue; and UNPLATTED LANDS EX E 165 FT ON N1/2 & EX W 75 FT OF E 727.4 FT AND OF N 75 FT OF S 89 FT THE NWl/4 ALSO E 1/2 OF W1/2 OF SW1/4 & W1/2 OF NE1/4 OF SWl/4 & W1/4 OF SE1/4 OF SW1/4 & PART IN FOL: BEG AT NE COR OF SW1/4 TH W 656.23 FT THE S 658.$5 FT THE E 32.74 FT TH C TO NE 853.29 FT RAD 754.24 FT CHORD BRG N 46DG 3 MOL TH NELY 425.42 FT TH C TO RT 483.77 FT TO NL OF SE1/4 TH TO BEG (SUBJ TO RDS & ESMTS) ALL IN SECTION 21, TOWNSHIF 29, • - RANGE 23 (33-02100-040-25-01). •