HomeMy WebLinkAboutCharter Resolution 2000-09RESOLUTION NO. 2000-09
MOUNDS VIEW
CHARTER COMMISSION
RESOLUTION RECOMMENDING CITY COUNCIL APPROVAL BY
ORDINANCE; AN ORDINANCE AMENDING Chapter 7
OF THE MOUNDS VIEW CITY CHARTER.
The Mounds View Charter Commission acting under Minnesota Statutes 410.12
Subdivision 7, hereby recommends amending the Charter of the City of Mounds View
under Chapter 7 Section 7.13 Subdivisions 1,2,&3 and is amended by the addition of the
bold and underlined language to read as follows;
Section 7.13 Tax Increment Financing, Economic Subsidies&Tax Abatement
Subdivision 1. The City Council of the City of Mounds View, its Economic
Development Authority, or any housing or redevelopment authority, or any other agency
or instrumentality of the city, may not approve the creation of a new Tax Increment
Financing District, if such approval would cause the aggregate amount of captured net
tax capacity for all Tax Increment.Financing Districts located in the City of Mounds View
to exceed 15 percent of the total tax capacity of the city.
Subdivision 2. The City Council of the City of Mounds View, its Economic
Development Authority,or any housing or redevelopment authority, or any other agency
or instrumentality of the city,may not approve the geographic expansion of an existing
Tax Increment Financing District,the addition of any new projects to an existing Tax
Increment Financing District, or the granting of any economic subsidy or the granting of
an new tax abatements if such a• •royal would cause the a• •re•ate amount of ca•tured
net tax capacity for all Tax Increment Financing Districts located in the City of Mounds
View to exceed 10 percent of the total tax capacity of the city.
Subdivision 3. Economic Subsidy as used in Subdivision 2
Economic Subsidy"means any grant, contribution of property, infrastructure, or
services,any loan at rates below those commercially available to the recipient,any
reduction or deferral of any tax or any fee,any guarantee of any payment under any loan,
lease, or other obligation, or any preferential use of government facilities given to a
business, or the granting of any new tax abatements.
BE IT RESOLVED that the Charter Commission directs the commission's chairperson to
forward this resolution to the Clerk-Administrator for presentation to the City Council
under Minnesota Statutes 410.12 Subdivision 7. If the City Council does not adopt this
resolution by an unanimous vote of all its members the Charter Commission hereby
requests that the above amendment be placed on the ballot at the next general election in
November 2000, under Minnesota Statues 410.12 Subdivision 1.
Adopted this 31st day of May, 2000
Ct i
ission Chair
s4mmission Officer
Attest: