HomeMy WebLinkAboutResolution 3011
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Councilmember ~~A"
the reading of which was di ensed with
adoption:
introduced the following resolution,
by unanimous consent, and moved its
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. ~1
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.
BE IT RESOLVED, by the City Council (the "Council") of the City of Mounds
View, Minnesota (the "City"), as follows:
Section 1.
Recitals.
1.01. 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 469.124 to
469.134, as amended, and Minnesota Statutes, Sections 469.174 to 469.179,
inclusive, as amended.
1.02. The Council has investigated the facts and has caused to be prepared
a proposed Modification No. 2 to the Development Program for 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 Modification No. 2 and other
matters relating thereto.
1.03. 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 reuqired by law.
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Section 2.
Finding-s for the Modification of Development District No.2.
2.01. The Council hereby finds that the modification of Development
District No.2 is intended and, in 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.
Section 3.
District No. 1.
Finding-s for the Modification of Tax Increment Financing-
3.01. The Council 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.
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 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.
3.03. The Council further finds that the modification of Tax Increment
Financing District No. 1 and the approval and adoption of the Tax Increment
Financing Plan relating thereto is intended and, in the judgment of this Council, its
effect will be, to promote the public purposes and accomplish the objectives
specified in the Tax Increment Financing Plan.
Section 4. Approval of the Modified Development Program and Modified
Tax Increment Financing- Plan.
4.01. 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.
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The motion for the adoption of the foregoing resolution was duly seconded
by Councilmember A~4I!' ' and upon vote being taken
thereon, the following voted in favor thereof: /1 Jf.
tf',,/~ ~;f'!l /t;/'-'f11"j ,(Jla-Ac;,.j~ JJ.,;o""6;A /') tf#r
and the following voted against the same: 4GAIJ>
At.fr// ~ /190
Dated: Mai'eJ;t 28, 1999
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Mayor
(SEAL}
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