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Home My WebLink AboutRES 85-045 RESOLUTION TO DESIGNATE AND ESTABLISH A HOUSING DISTRICT NO. 3 PURSUANT TO THE PROVISIONS OF SECTION 462 OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMENT DISTRICT PURSUANT TO THE PROVISIONS OF SECTION 273.71 TO 273.78 INCLUSIVE OF THE MI Meeting Sheet IIIIII VIII VIII VIII VIII VIII IIII IIII iozaiz Box: 23 Folder: RES 1985 Document: RES 85-045 RESOLUTION TO DESIGNATE AND ESTABLISH A HOUSING DISTRICT NO. 3 PURSUANT TO THE PROVISIONS OF SECTION 462 OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMENT DISTRICT PURSUANT TO THE PROVISIONS OF SECTION 273.71 TO 273.78 INCLUSIVE OF THE MI RESOLUTION 85-045 A RESOLUTION TO DESIGNATE AND ESTABLISH A HOUSING DISTRICT NO. 3 PURSUANT TO THE PROVISIONS OF SECTION 462 OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMENT DISTRICT PURSUANT TO THE PROVISIONS OF SECTION 273.71 TO 273.78 INCLUSIVE OF THE MINNESOTA STATUTES (.CHAPTER 322, LAWS OF MINNESOTA, 1979) AND ADOPTING A HOUSING PROGRAM AND FINANCE PLAN FOR SAID HOUSING AND TAX INCREMENT FINANCE DISTRICT WHEREAS, the City Council of the City of St. Anthony, Minnesota, has determined that it is necessary and desirable in the public interest to designate, establish, develop and administer a Housing District in the City of'St. Anthony, Minnesota, pursuant to the provisions of Section 462 of the Minnesota Statutes; and WHEREAS, the St. Anthony Housing and' Redevelopment -Authority;(HRA) has now prepared a Redevelopment/Housing Plan for an urban renewal project called the Chandler Place Redevelopment Project, dated October 8, 1985, (.the Plan) , part of which plan con- tains a tax increment financing plan for a housing district; and WHEREAS, the Plan has been prepared by the H.R.A. with the cooperation and assistance of the appropriate City departments; and WHEREAS, the H.R.A. , by resolution duly adopted at a meeting held on October 8, 1985, did approve the Plan and did authorize application to the City Council of the Plan, including a statement of the method proposed for financing the project proposed by the Plan, and a written opinion of the Planning Commission of the City • of St. Anthony, dated September 17, 1985; and WHEREAS, the application for approval of the Plan has now been made to the City Council , and the Plan, a statement of the method proposed for financing the project proposed by the Plan, and the written opinion of the Planning Commission have now been duly submitted to the City Council , and the City Council , on September 10, 1985, duly held a public hearing on the Plan pursuant to published notice, all as required by Minnesota Statutes 462.521 and 273; and WHEREAS, the H.R.A. may not proceed with the Plan unless the City Council , by resolution, makes certain findings with respect to the project area and the tax increment plan and approves the Plan; and WHEREAS, the City Council of the City of St. Anthony has determined that tax incre- ment financing will be necessary to finance the public costs associated with the housing project within the tax increment district, pursuant to Minnesota Statutes 273.71 to 273.78, inclusive; and WHEREAS, the H.R.A. has fully informed the members of said School Board and Board of County Commissioners of the fiscal and economic implications of the proposed housing district and tax increment district; and WHEREAS, at said public hearing, all persons and parties were given full opportunity to present written or oral testimony, comments, objections, suggestions, and other matters, all of which were duly considered by the City Council ; and WHEREAS, the H.R.A. is prepared for the relocation of individuals, families and businesses, if any, that may be displaced 'as a result of carrying out of this project; and ✓ \: F L -2- WHEREAS, the tax increment financing plan will afford maximum opportunity consistent with the sound needs of the municipality as a whole for the development of the district by private enterprise; and WHEREAS, the tax increment financing plan, conforms to the general plan for the development of the Chandler Place �Redevelopment Area and municipality as a whole; and WHEREAS, the City Council of the City' of St:. Anthony, ,Minnesota, finds that the proposed tax increment financing district is a housing district; NOW, THEREFORE, BE IT RESOLVED by the City. Council of the City of St. Anthony, does hereby designate and establish Housing District Number 3 and a tax increment district, adopts a Finance Plan and Development Program for said tax increment housing district and finds: 1 . That the project comprising the proposed tax increment financing district is _a housing project intended for the purpose of providing occupancy, in part, by persons or families of low or -'moderate income as defined in Chapter .462A, Title II of the National Housing Act of 1934, the National Housing Act of 1959,. and the United States Housing Act of 1937, as amended, Title V of the Housing Act-.of 1949, as amended, any other similar present or future Federal , State, -or Municipal legislation, or the regulations promulgated under any of these acts. 2. That the proposed development, in the opinion of the City of St. Anthony City Council would not occur solely through private investment within the reasonable foreseeable future, and, therefore, the use of tax increment financing is deemed • necessary. 3. That the tax increment financing plan conforms to the general plan for the development of the municipality as a whole. 4. That the tax increment financing plan will afford maximum opportunity consistent with the sound needs of the City of St. Anthony as a whole for the development .of the district by private enterprise. 5. That the City of St. Anthony elects the method of tax increment computation set forth in Section 6, Subdivision 3, Clause B. AND, FURTHERMORE, that the City Council approves the tax increment financing plan. Adopted this day of 985. ° /J0 Mayor ATTEST: City Clerk Reviewed for admi ni strati on: • ��' ' City Manager � �� : ISI •- t'1 RESOLUTION 85-044 A RESOLUTION REQUESTING THE COUNTY AUDITOR TO CERTIFY THE ORIGINAL ASSESSED, VALUE OF THE REAL PROPERTY WITHIN THE BOUNDARY OF THE CHANDLER PLACE REDEVELOP- MENT TAX INCREMENT FINANCING HOUSING DISTRLCT (.TAX INCREMENT DISTRICT #3) WHEREAS, the City Council of the City of St. Anthony has determined that it is necessary and desirable and in the public interest to establish, designate, develop, and administer a tax increment financing housing district pursuant to the provisions of Minnesota Statutes Section 273.71 to 273.78 inclusive; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota, that the Ramsey County Auditor is hereby requested to certify the assessed value of all real -property within the boundaries .of the tax increment housing housing district as describedherein as of the date of the last equalized • assessment, and each year hereafter,. to certify the amount by which -the assessed value has increased or decreased from the original assessed value and also, to certify the proportion which any increase or decrease ,bears to the total assessed value for the real property in said tax increment- financing district for that year, and also, to remit to the City of St. Anthony each year thereafter, the proportion of all taxes paid that year on real property in the district which the captured assessed value bears to the total current assessed value, all .`p.ursuant to Minnesota Statutes 273.76, Subd. 1 and 2 (.Chapter 322, Laws of Minnesota, 1979) . Adopted this-I'm day of� Ler 1985. Mayor ATTEST: City Clerk Reviewed for administration: ' I City Manager 4 \11