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review, contemplated the subdivision of the Property. This review, and the public <br />hearings, satisfy the underlying goals of the regulations. (See City Code <br />Section 1201.01, subd. 2). <br />The subdivision of the Pro ert was also contem lated b the s ecial le islation <br />p Y p Y p g <br />regarding the Property adopted in 2005. Minnesota Session Laws 2005, Chapter 152, <br />section 26 establishes a tax increment district that, by the express language in the <br />legislation, necessitates this subdivision. The special legislation also authorizes the <br />conveyance of the State's interest to the City in preparation for the sale of the Property <br />to Medtronic. See Minnesota Session Laws 2005, Chapter 152, section 27. The deed, <br />authorized by the statute and issued by the state (see the deed from the State set forth <br />within this Staff Report), contemplates the subdivision of the Property because it <br />releases the right of reverter only on that part of the Property that {ies north of State <br />Highway No. 10. <br />The proposed subdivision of the Property is consistent with the goals of the City's <br />subdivision regulations. The City Code indicates that the regulations are not intended to <br />"repeal, abrogate, annul or in any way impair or interfere with: a) existing provisions of <br />other laws or ordinance". Since the State law authorizing the creation of the TIF district <br />and the removal of the reverter contemplated the subdivision, approval of the <br />subdivision is in order to comply with the statutory requirements. The approval is <br />consistent with the exceptions set forth in Minnesota Statutes Section 462.358, <br />subd. 4b(b) and (c). In addition, the Property is part of a proposed plat and planned unit <br />development that is presently subject to the City's development review process. <br />Recommendation: <br />Based on the above-referenced discussion and on the following findings, it is <br />recommended that the Council approve Resolution No. 6650 approving the subdivision <br />of the Property: <br />Findings: <br />1. The Property has historically been treated as though it was two separate parcels <br />as it is severed and divided by State Highway No. 10; <br />2. The subdivision is consistent with the actions contemplated in 2005 Minnesota <br />Session Laws Chapter 152; <br />3. The Planning Commission reviewed the proposed subdivision on July 20, 2005, <br />when the Planning Commission reviewed the proposed sale of Property to <br />Medtronic, which sale includes only a portion of the existing tax parcel; <br />4. The City Council held public hearings which necessarily contemplated the <br />subdivision on May 23, 2005 (comprehensive plan amendment); July 11, 2005 <br />(sale of land); and August 22, 2005 (establishment of TIF district); <br /> <br />SJR-269118v1 <br />MU205-30 <br />D-3 <br />