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HomeMy WebLinkAbout1987-001 Council Resolution• • EXTRACT OF A MEETING OF THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA HELD: January 26, 1987 Pursuant to due call and notice thereof, a Council Meeting of the City Council of Lino Lakes, Anoka County, Minnesota, was duly called and held at City Hall in said City on the 26th day of Jan- uary, 1987, at 8:28 P.M. for the purpose of approving the estab- lishment of Development District No. 1 and the adoption of the Development Program relating thereto, the establishment of Hous- ing District No. 1 -1 and the adoption of the Tax Increment Finan- cing Plan relating thereto. The following members were present: Benson, Marier, Reinert, Bohjanen, Bisel and the following were absent: None. Councilmember Bisel introduced the following resolution and moved its adoption: RESOLUTION NO. 01 - 87 RESOLUTION APPROVING DEVELOPMENT DISTRICT NO. 1 AND THE DEVELOPMENT PROGRAM RELATING THERETO, AND THE ESTABLISHMENT OF HOUSING DISTRICT NO. 1 -1 AND THE TAX INCREMENT FINANCING PLAN RELATING THERETO BE IT RESOLVED, by the City Council (the "Council ") of the City of Lino Lakes, Minnesota (the "City ") as follows: Section 1. Recitals 1.01. It has been proposed that the City (i) establish Develop- ment District No. 1 (the "Development District ") and adopt the Develop- ment Program relating thereto; and (ii) establish Housing District No. 1 -1 and adopt the Tax Increment Financing Plan relating thereto, all pursuant to and in accordance with Minnesota Statutes, Chapter 472A, as amended, and Minnesota Statutes, Sections 273.71 to 273.78, in- clusive, as amended (collectively the "Act "). 1.02. The Council has investigated the facts and has caused to be prepared a Development Program and Tax Increment Financing Plan for Development District No. 1 and has caused to be prepared a Tax Increment Financing Plan for Housing District No. 1 -1. 411 1.03. The City has performed all actions required by law to be performed prior to the establishment of Development District No. 1 and Housing District No. 1 -1, and the adoption of the Development Program and Tax Increment Financing Plan relating thereto, including, but not limited to, notification of Anoka County and Independent School District Nos. 12 and 831, having taxing jurisdiction, a review by the City Planning Commission of the proposed Development Program for Development District No. 1 and the holding of a public hearing upon published and mailed notice as required by law. Section 2. Findings for the Establishment of Development Dis- trict No. 1 and Housing District No. 1 -1. The Council hereby finds that the adoption of the Development Program for Development District No. 1, the establishment of Develop- ment District No.1 and the adoption of the Tax Increment Financing Plan for Housing District No. 1 -1 and the creation of Housing Dis- trict No. 1 -1 are intended and in the judgment of this Council its effect will be, to provide an impetus for single family and multi- family residential housing development in the City, to increase em- ployment and otherwise promote certain public purposes and accomplish certain objectives as specified in the Development Program and Tax Increment Financing Plan. Section 3. Statutory Findings for the Creation of Housing 40 District No. 1 -1. 3.01. The Council hereby finds that Housing District No. 1 -1 is a housing district as defined in Minnesota Statutes, Section 273.73; Subd. 11 in that: A portion of this project is intended for occupancy, in part, by persons or families of law and moderate income, as defined in Chapter 462A, Title II of the National Housing Act of 1934, the National Housing act of 1959, the United States Housing Act of 1937, as amended, Title V of-the Housing Act of 1949, as amended, any other similar pres- ent or future federal, state, or municipal legislation, or the regu- lations promulgated under any of those acts. The reasons supporting this finding are that Housing District No. 1 -1 constitutes single family housing development and that this de- velopment will meet the qualifications set forth in Chapter 462A for low and moderate income families. In addition, the public improvements to be constructed within Development District No. 1 are necessary for the development of additional multifamily housing intended for occu- pancy, in part, by persons or families of low and moderate income as defined in Minnesota Statutes, Section 273.73, Subd. 11. 3.02. The Council further finds that the proposed development, in the opinion of the Council, would not occur solely through private investment within the reasonably foreseeable future and, therefore, the 0 use of tax increment financing is deemed necessary. The specific ba- sis for such finding being: 411 The single family housing development constituting Housing Dis- trict No. 1 -1 and the additional multifamily residential housing de- velopment expected to occur would not occur without the use of public financing to provide sanitary sewer improvements to the sites and therefore the use of tax increment financing is deemed necessary. Because of the high cost of putting in the sanitary sewer improvements, the developers would not construct the proposed housing developments and therefore the development would not occur solely through private investment within the reasonably foreseeable future. 3.03. The Council finds that the Tax Increment Financing Plan conforms to the general plan for the development or redevelopment of the City as a whole. The specific basis for such finding being: The reason supporting this finding is that Housing District No. 1 -1 is properly zoned and the Tax Increment Financing Plan will gen- erally compliment and serve to implement policies adopted in the City's comprehensive plan. 3.04. The Council further finds that the Tax Increment Financing Plan will afford maximum opportunity consistent with the sound needs of the City as a whole, for the development of Development District No. 1 by private enterprise. The specific basis for such finding being: IIIAs previously stated, the development activities, consisting of public improvements to be financed by tax increment financing are necessary so that additional housing development by private enterprise can occur within Development District No. 1. Section 4. Approval of the Development Program and Tax Increment Financing Plan and Establishment of Development District No. 1 and Housing District No. 1 -1. 4.01. The Development Program for Development District No. 1 and the Tax Increment Financing Plan for Housing District No. 1 -1 are hereby approved and adopted and shall be placed on file in the office of the City Administrator. There is hereby established Development District No. 1, the boundaries of which are set forth in the Develop- ment Program adopted for Development District No. 1. There is hereby created within the Development District No. 1 Housing District No. 1 -1, the boundaries of which are set forth in the Tax Increment Financing Plan adopted for Housing District No. 1 -1. 4.02. The staff of the City, the City's advisors and legal counsel are authorized and directed to proceed with the implementation of the Development Program and the Tax Increment Financing Plan and this purpose to negotiate, draft, prepare and present to this Council for its consideration all further plans, resolutions, documents and contracts necessary for this purpose. Section 5. Certification. The Auditor of Anoka County is requested to certify the original assessed value of Housing District No. 1 -1 as described in the Tax -3- Increment Financing Plan relating thereto, and to certify in each . year 41, thereafter the amount by which the original assessed value has in- creased or decreased in accordance with the Act; and the City Admin- istrator 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 Housing Dis- trict No. 1 -1 for which building permits have been issued during the 18 months immediately preceeding the adoption of this Resolution. Section 6. Filing. The City Administrator is further authorized and directed to file a copy of the Tax Increment Financing Plan for Housing District No. 1 -1 with the Minnesota Energy and Economic Development Authority. Section 7. Administration. The administration of Development District No. 1 shall continue to be assigned to the City Administrator who shall from time to time be granted such powers and duties pursuant to Minnesota Statutes, Sec- tions 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 Councilmember Bohjanen, and upon vote being taken thereon, the following voted in favor thereof; Bohjanen, Bisel, Reinert, Benson. 411 and the following voted against the same: Marier: Whereupon said resolution was declared duly passed and adopted and was signed by the Mayor and attested by the City Administrator. Dated: January 26, 1987. Attest: City Administrator • STATE OF MINNESOTA COUNTY OF ANOKA CITY OF LINO LAKES I, the undersigned, being the duly qualified and acting City Administrator of the City of Lino Lakes, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in 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 establishment of the City's Development District No. 1 and Housing District . No. 1 -1. • (SEAL) 004 2 City Administrator -6-