HomeMy WebLinkAboutResolution 2491
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RESOLUTION NO. 2491
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING THE MODIFICATION OF DEVELOPMENT DISTRICT
NO. 2 AND THE DEVELOPMENT PROGRAM RELATING THERETO AND MODIFYING
TAX INCREMENT FINANCING DISTRICT NO. 1 AND APPROVING THE MODIFIED
TAX INCREMENT FINANCING PLAN RELATING THERETO
WHEREAS, the City established Development District No. 2 and
Tax Increment Financing District No. 1 therein on September 22,
1986 and approved and adopted the Development Program and Tax
Increment Financing Plan with respect thereto, all pursuant to
and in accordance with Minnesota Statutes, Sections 469.174 to
469.179, inclusive, as amended.
WHEREAS, the Council has investigated the facts and has
caused to be prepared a proposed MOdification No. 1 to the
Development District No.2, defining the property to be included
in the Modified Development District No. 2 and describing the
action to be undertaken by the City to aid the development of
Development District No.2, and has caused to be prepared a
proposed Modified Tax Increment Financing Plan defining the
property to be included in Tax Increment Financing District
No. 1 and other matters relating thereto.
WHEREAS, the City has performed all actions required by law
to be performed prior to the modification of Development District
No.2, the modification of Tax Increment Financing District No. 1
and the adoption of the proposed Modified Development Program and
proposed Modified Tax Increment Financing Plan relating thereto,
including, but not limited to, notification of Ramsey County,
School District No. 621, and Special Independent School District
No. 96 having taxing jurisdiction over the property to be
included in Tax Increment Financing District No. 1 MOdification,
a review by the City Planning Commission of the proposed Land Use
Plan, and the holding of a public hearing upon published and
mailed notice as required by law.
WHEREAS, the Council hereby finds that the modification of
Development District No. 2 is intended and, in the the judgment
of this Council, its effect will be, to provide an impetus for
commercial and industrial development in the City, to increase
employment, and otherwise promote certain public purposes and
accomplish certain objectives as specified in the Development
Program.
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RESOLUTION NO. 2491
PAGE TWO OF TWO
BE IT FURTHER RESOLVED that the City Council of the City of
Mounds View hereby finds that in certain portions of the Modified
Tax Increment Financing District No.1, at least 70 percent of
the parcels in the district are occupied by buildings, streets,
utilities, or other improvements and 20 percent of the buildings
are structurally substandard and an additional 30 percent of the
buildings are found to require substantial renovation or
clearance in order to remove such existing conditions as:
inadequate street layout, incompatible uses or land use
relationships, overcrowding of buildings on the land, excessive
dwelling unit density, obsolete buildings not suitable for
improvement or conversion, or other identified hazards to the
health, safety and general well being of the community.
BE IT FURTHER RESOLVED that the City Council of the City of
Mounds View finds that the proposed development, in the opinion
of the Council, would not occur solely through private invest-
ment within the reasonably foreseeable future and, therefore, the
use of tax increment financing is deemed necessary~ that the
Modified Tax Increment Financing Plan conforms to the general
plan for the development or redevelopment of the City as a whole~
and 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 Tax Increment Financing District
No. 1 by private enterprise.
BE IT FURTHER RESOLVED that the modification of Tax Increment
Financing District No. 1 and the approval and adoption of the Tax
Increment Financing Plan thereto is intended and, in the
judgement of this Council, its effect will be, to promote the
public purposes and accomplish the objectives specified in the
Tax Increment Financing Plan.
BE IT FINALLY RESOLEVED the Modified Development Program
for Development District No.2, and Tax Increment Financing Plan
for Tax Increment Financing District No. 1 are hereby approved
and adopted and shall be placed on file in the office of the
Clerk-Administrator.
Adopted this 12 day of June, 1989.
ATTEST:
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r Mayor
(SEAL)