09-23-1992 Council Agenda - Laserfiche WebLink

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CITY DEVELOPMENT PLAN I. INTRODUCTION AND LEGAL BASIS A. Statement of Intent The City of Little Canada, Minnesota (the "City ") proposes to adopt the City Development District No. Plan as its guide for the planning and implementation of project activities (as hereinafter described) within the set forth project area (see Exhibit A, Project Vicinity Map). The City proposes to enter an agreement with Gideon Ponds Center, Inc. (the Developer) to assist A 92 unit elderly housing project. B. Statement of Public Purpose The City has determined that there exists conditions within the set forth project area which have prevented further development of the land by private enterprise and have resulted in a stagnant and unproductive condition of land potentially useful and valuable for contributing to the public health, safety and welfare. It has been determined that there is a need for new development within the project area to provide employment opportunities, to improve the tax base, and to improve the general economy of the City and the State. It has been found that the project area is potentially more useful and valuable than has been realized under existing development. The site is currently vacant and under- utilized and is not contributing to the tax base to its full potential. The public purpose goals are not attainable in the foreseeable future without the participation of the City in the private development process. C. Development District Boundary or Project Area The boundaries of the City Development District No. are described as shown on the Development District Boundary Map, Exhibit B. The legal description of the City Development District No. _ is attached at Exhibit C of this plan. The project area is approximately 3.5 acres in size. All land included in the project area is within the legal boundaries of the City. 1 Page 31