CC MINUTES 10081985 - Laserfiche WebLink

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-5- At 9:00 P.M. , the Council meeting was reconvened, following the H.R.A. meeting, • to approve the actions taken by the Housing and Redevelopment Authority related to the Chandler Place project. Mr. Krier told Councilmember Makowske the Council had requested and received the Planning Commission comments on the project and no formal action on the part of that body would be required. When Councilmember Makowske reiterated her concerns about the use of the words "redevelopment" and "deteriorated" in the resolutions, which were prosed for Council adoption, Mr. Soth reiterated that, although there might be instances where the wording of the Tax Increment Financing statute might not perfectly fit each project accepted for such financing, in his opinion, the statutes clearly allowed the Chandler Place project. Motion by Councilmember Marks and seconded by Councilmember Ranallo to adopt Resolution 85-043. RESOLUTION 85-043 A RESOLUTION APPROVING THE REDEVELOPMENT PLAN OF THE ;ST. ANTHONY HOUSING AND REDEVELOPMENT AUTHORITY OF ST. ANTHONY, MINNESOTA ENTITLED "CHANDLER PLACE REDEVELOPMENT PLAN AND TAX INCREMENT PLAN", DATED OCTOBER 8, 1985 AND ESTABLISHING A REDEVELOPMENT PROJECT AREA Motion carried unanimously. • The Tax Increment Plan for the project had been written to include the existing health center in the financing plan, the Planning Consultant told Councilmember Makowske, and, under that plan, the center's assessed valuations would be frozen at its current levels and any incremental growth in value would be included in the payments to the H.R.A. Cthus "tax increment" financing) . There would be no net change in the taxes for the City, County, or Schools, but the pay back period on the apartment project would be advanced one or two years, thus placing the new taxable valuation on the rolls sooner. The City Attorney verified that the center owners would be getting no tax break under the plan and the City would, in reality, be losing no taxes. Mr. Soth added that under the plan recommended by Mr. Krier, the assessed values of the property could never go down until payment of all the tax increment costs. Motion by Councilmember Makowske and seconded by Councilmember Marks to adopt Resolution 85-044. RESOLUTION 85-044 A RESOLUTION REQUESTING THE COUNTY AUDITORS TO CERTIFY THE ORIGINAL, ASSESSED VALUE OF THE REAL PROPERTY WITHIN THE BOUNDARY OF THE CHANDLER PLACE REDEVELOPMENT TAX INCREMENT FINANCING HOUSING DISTRICT (TAX INCREMENT DISTRICT #3) Motion carried unanimously. • Mike Miller, Assistant Administrator for the Health Center and partner in the Chandler Place project, indicatedoheshad been surprised to find there would be