HomeMy WebLinkAbout2022-058CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION 2022-058
RESOLUTION CALLING FOR A PUBLIC HEARING ON PROPOSED PROPERTY
TAX ABATEMENTS FOR THE PURPOSE OF
ISSUING TAX ABATEMENT BONDS TO
FINANCE CERTAIN PUBLIC IMPROVEMENTS
WHEREAS, Minnesota Statutes, Sections 469.1812 through 469.1815, both inclusive (the
"Act'), authorize the City of Lake Elmo, Minnesota (the "City"), upon satisfaction of certain
conditions, to approve an abatement of all or a part of the taxes levied by the City on certain
property; and
WHEREAS, the City has determined it is the best interest of the City (i) to undertake
financing certain public improvements including without limitation the CSAH 15/30a' Street
Signal and Ideal Avenue (CSAH 13) Phase 2 project with tax abatement bonds authorized by the
Act and (ii) to authorize a property tax abatement with respect to various parcels of land that benefit
from such public improvements; and
WHEREAS, the Act requires the City to hold a public hearing prior to adoption of a
resolution granting any property tax abatements:
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Lake Elmo,
Minnesota, as follows:
1. Hearin > . A public hearing on the consideration of authorizing a property tax
abatement in connection with the issuance of tax abatement bonds will be held at the time and
place set forth in the Notice of Hearing attached hereto as Exhibit A and hereby made a part
hereof.
2. Notice. The City Clerk is hereby authorized and directed to cause notice of said
hearing in substantially the form attached hereto as Exhibit A to be given one publication in a
newspaper of general circulation in the City more than 10 days but less than 30 days before the
hearing. The newspaper must be one of general circulation, interest and readership in the City,
and must be published at least once per week.
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The motion for the adoption of the foregoing resolution was duly seconded by member
and, upon a vote being taken thereon after full discussion thereof, the
following voted in favor thereof:
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Mayor c
Attest:
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0 A4 V'N�,JS
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STATE OF MINNESOTA )
) ss
WASHINGTON COUNTY )
I, the undersigned, being the duly qualified and acting Clerk of the City of Lake Elmo,
Minnesota (the "City"), by reason of my office as City Clerk, 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 the City, duly called and held on the date therein indicated, insofar as such minutes
relate to the calling of a public hearing on proposed property tax abatements.
WITNESS my hand this day of , 2022.
City Clerk
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EXHIBIT A
CITY OF LAKE ELMO
NOTICE OF PUBLIC HEARING
REGARDING PROPOSED PROPERTY TAX ABATEMENTS
IN CONNECTION WITH THE ISSUANCE OF TAX ABATEMENT BONDS
NOTICE IS HEREBY GIVEN that the City Council of the City of Lake Elmo, Minnesota
(the "City"), will hold a public hearing on Tuesday, June 21, 2022, at a meeting of the City Council
beginning on or after 7:00 p.m., Central Time, at the City Hall located at 3800 Laverne Avenue
North in the City of Lake Elmo, Minnesota on the proposal to abate all or a portion of property
taxes levied by the City on the following parcels (the "Abatement Parcels"):
1602921220005
1602921220006
1602921220007
1602921220008
1602921220009
1602921.220011
1602921210001
1602921210002
1602921210003
1602921210004
1602921210005
1602921210007
1602921210008
1602921210006
1602921210009
1602921210010
1602921210011
1602921210012
1602921210013
1602921210014
1602921220012
1602921220013
1602921220014
1602921220015
1602921220017
1602921220018
1602921220032
1602921220021
1602921220022
1602921220023
1602921220024
1602921220025
1602921220026
1602921210015
1602921210016
1602921210017
1602921210018
1602921210019
1602921210020
1602921210021
1602921210022
1602921210023
1602921220027
1602921220028
1602921220029
1602921220030
1602921220031
1602921220016
1602921220010
0902921340018
0902921340017
0902921340016
0902921340015
0902921340011
0902921340012
0902921340013
0902921330015
0902921330016
0902921330017
0902921340005
0902921340006
0902921340007
0902921340008
0902921340009
0902921330013
0902921330012
0902921330011
0902921330010
0902921330009
0902921330014
0902921330020
0902921330008
0902921340004
0902921340003
0902921340002
0902921340001
2402921120023
2402921120024
2402921120025
2402921120026
2402921120027
2402921120028
2402921120029
2402921130008
2402921130009
2402921130010
2402921130011
2402921130012
2402921130013
2402921120039
2402921120040
2402921120041
2402921120042
2402921120034
2402921120035
2402921120036
2402921120037
2402921120038
2402921110011
2402921110012
2402921110013
2402921110014
2402921110015
2402921110016
2402921110017
2402921110018
2402921110019
2402921140006
2402921140007
2402921140008
2402921140009
2402921140010
2402921120030
2402921120031
2402921120032
2402921120033
2402921110010
2402921110009
2402921110008
2402921110007
The purpose of the proposed abatement is to undertake financing certain public improvements
including without limitation the CSAH 15/30th Street Signal and Ideal Avenue (CSAH 13) Phase
2 project.
At the public hearing, the Council will consider an abatement resolution under which the City will
collect the City's share of property taxes from the Abatement Parcels for a maximum of 10 years
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each, and use those revenues to pay for certain public improvements including without limitation
the CSAH 15/30th Street Signal and Ideal Avenue (CSAH 13) Phase 2 project. The total amount
of abatement is estimated not to exceed $1,010,000, representing the aggregate abatement dollars
to be collected and transferred to the City over a maximum of 10 years.
The proposed abatement bonds will not affect tax rates for the Abatement Parcels or otherwise
impact taxation of the Abatement Parcels differently from other parcels in the City.
All interested persons may appear at the public hearing on June 21, 2022, and present their views
orally or prior to the meeting in writing.
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