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HomeMy WebLinkAbout2016-061 Council ResolutionCITY OF LINO LAKES, MINNESOTA RESOLUTION NO. 16-61 RESOLUTION CALLING A PUBLIC HEARING ON A TAX INCREMENT PLAN WITH RESPECT TO THE ESTABLISHMENT OF A TAX INCREMENT FINANCING DISTRICT IN THE CITY OF LINO LAKES WHEREAS, the City of Lino Lakes, Minnesota (the "City") and the Lino Lakes Economic Development Authority (the "Authority") have established, and the Authority administers, Development District No. 1 (the "Development District") located within the City and have caused to be created a Development Plan (the "Development Plan") therefor, pursuant to Minnesota Statutes, Sections 469.090 through 469.1082, as amended (the "EDA Act"); and WHEREAS, pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the "TIF Act"), the City and the Authority have proposed to create the Clearwater Creek Business Park Tax Increment Financing District No. 1-12 (the "TIF District"), within the Development District in order to facilitate economic development of certain property in the Development District; and WHEREAS, the proposed TIF District is an economic development district as defined in Section 469.174, subdivision 12 of the TIF Act; and WHEREAS, in order to create the TIF District, the City and the Authority have determined to consider a modification of the Development Plan for the Development District and the adoption of a tax increment financing plan (the "TIF Plan") for the proposed TIF District and to hold a public hearing regarding those actions in accordance with the EDA Act and the TIF Act; and WHEREAS, the City and the Authority have determined to consider an additional modification of the Development Plan for the Development District to expand the boundaries of the Development District to be coterminous with the City's boundaries. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota that: 1. The Authority, and its staff and consultants, are hereby authorized and directed to cause to be prepared a modification to the Development Plan and a TIF Plan for the TIF District and to file a copy of such documents in City Hall. 2. The City Clerk is authorized and directed to prepare a notice for publication in the City's official newspaper setting a public hearing before the City Council on Monday, July 25, 2016, at 6:30 p.m. on the Development Plan and the l'IFF Plan. The notice shall be in substantially the form attached hereto as EXHIBIT A, shall be published in the newspaper at least ten (10) but not more than thirty (30) days prior to the public hearing, and shall include a map of the Development District and the proposed TIF District. 481689v2 JAE LN140-I 16 3. The Authority, its staff, and consultants are authorized and directed to transmit a copy of the modified Development Plan and the TIF Plan to the Board of Commissioners of Anoka County and the board of education of the school district where the 1,J} District will be located at least thirty (30) days before the date of the public hearing. 4. The Authority, its staff, and consultants are directed to take all other actions necessary to bring the modified Development Plan and the TIF Plan before the City Council at the time of the public hearing. Adopted by the Council of the City of Lino Lakes this 27th day of June, 2016. The motion for the adoption of the foregoing resolution was introduced by Council Member Kustermanand was duly seconded by Council Member Rafferty and upon vote being taken thereon, the following voted in favor thereof: Kusterman, Rafferty, Manthey, Reinert The following voted against same: none (Absent - Maher) ATTEST: 481689v2 JAE LN140-116 CITY COUNCIL AGENDA ITEM 6E STAFF ORIGINATOR: Michael Grochala, Community Development Director MEETING DA"I'b: June 27, 2016 TOPIC: Consider Resolution No. 16-61, Calling Public Hearing on a Tax Increment Plan with Respect to the Establishment of a Tax Increment Financing District in the City VO'11, REQUIRED: 3/5 INTRODUCTION Staff is requesting City Council consideration to call a public hearing for the purpose of establishing a new economic development tax increment financing district. BACKGROUND United Properties is proposing to develop 56 Acre area parcel as the Clearwater Creek Business Park. The developer is currently working with a warehouse/distribution company to construct a 402,000 square foot facility on approximately 30 acres of the park. The project will include a 2,100 -foot extension of 21' Avenue. The developer has submitted an application for public assistance to offset infrastructure and soil correction costs associated with the site development. The application is currently under review by the City's financial consultants. The establishment of a Tax Increment Financing (TIF) District requires the preparation of a TIF plan and review by both the school district and county. A public hearing must be held prior to City Council consideration to establish a district. Springsted Inc., the City's financial consultant, will be providing a review of the proposed plan and TIF request at the July 5, 2016 City Council work session. This resolution sets the public hearing date for July 25, 2016. RECOMMENDATION Staff recommends approval of Resolution No. 16-61 ATTACHMENTS 1. Resolution No. 16-61 2. Map of Proposed District CITY OF LINO LAKES, NIINNESOTA NOTICE OF PUBLIC HEARING NOTICE is hereby given that the City Council of the City of Lino Lakes, Minnesota (the "City") will meet at City Council chambers of City Hall, located at 600 Town Center Parkway in the City, at or after 6:30 p.m. on Monday, July 25, 2016, to conduct a public hearing on the modification of a development program (the "Development Program") for Development District No. 1 (the "Development District") and the establishment of the Clearwater Creek Business Park Tax Increment Financing District (the "TIF District") within the Development District and the adoption of a tax increment financing plan (the "TIF Plan") therefor. The TIF District will be administered by the Lino Lakes Economic Development Authority. The boundaries of the Development District and the boundaries of the proposed TIF District are shown in the map below. The boundaries of the Development District are being expanded to be coterminous with the boundaries of the City. The proposed TIF District is an economic development district. Details on the proposal are contained in the Development Program and the TIF Plan, draft copies of which will be available for public inspection at City Hall during regular business hours. [Insert map] Any person wishing to express an opinion on the matters to be considered at the public hearing will be heard orally or in writing. Dated: [Date of publication] BY ORDER OF THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA /s/ Julie Bartell City Clerk City of Lino Lakes, Minnesota 481689v2 JAE LN140-116 CITY 34 OF RNO[ KE Proposed Tax Increment District Clearwater Creek Business Park Feet 0 300 600 1,200 6/21/2016 N