HomeMy WebLinkAboutRES 16-036 RELATING TO A TAX ABATEMENT; GRANTING THE ABATEMENTCERTIFICATION OF MINUTES RELATING TO A TAX ABATEMENT; GRANTING THE
ABATEMENT
Issuer: City of St. Anthony, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting held on April 12, 2016, at 7:00 o'clock
P. M. at the City Offices.
Members present:
Members absent:
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO. 16 -036
RESOLUTION RELATING TO A TAX ABATEMENT;
GRANTING THE ABATEMENT
I, the undersigned, being the duly qualified and acting recording officer of the public
corporation referred to hereinabove, certify that the documents attached hereto, as described
above, have been carefully compared with the original records of said corporation in my legal
custody, from which they have been transcribed; that said documents are a correct and complete
transcript of the minutes of a meeting of the governing body of said corporation, and correct and
complete copies of all resolutions and other actions taken and of all documents approved by the
governing body at said meeting, so far as they relate to the topic of this resolution; and that said
meeting was duly held by the governing body at the time and place and was attended throughout
by the members indicated above, pursuant to call and notice of such meeting given as required
by law.
WITNESS my hand officially as such recording officer on April _, 2016.
Gam(
City Manager
Councilmember introduced the following resolution and moved its adoption,
which motion was seconded by Councilmember
RESOLUTION RELATING TO A TAX ABATEMENT;
GRANTING THE ABATEMENT
BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota (the
"City "), as follows:
Section 1. Authorization and Recitals.
1.01. The City, pursuant to Minnesota Statutes, Sections 469.1812 to 469.1815, as
amended (the "Act "), is authorized to grant an abatement of the property taxes imposed by the
City on a parcel of property, if certain conditions are met, through the adoption of a resolution
specifying the terms of the abatement.
1.02. The City proposes to undertake public improvements consisting of water quality
and flood improvements to Mirror Pond, the City's regional storm water pond, and nearly 1.5
miles of new sidewalk construction and ADA upgrades at eight intersections to improve
pedestrian safety within the City (the "Project").
1.03. Pursuant to the Act, on the date hereof, this Council conducted a public hearing on
the desirability of granting an abatement of property taxes on certain properties expected to be
benefited by the proposed Project, which properties are identified on Exhibit A hereto and are
shown on Exhibit B hereto (the "Properties "). Notice of the public hearing was duly published
as required by law in the St. Anthony Bulletin, the official newspaper of the City, on March 30,
2016, which date is no fewer than ten and no more than 30 days prior to the date hereof.
Section 2. Findings. On the basis of the information compiled by the City and elicited at
the public hearing referred to in Section 1.03, it is hereby found, determined and declared:
2.01. The Project is in the public interest because it will provide or help acquire and
construct public facilities.
2.02. The City expects that the benefits of the proposed abatement are not less than the
costs of the proposed abatement. The public benefits that the City expects to result from the
abatement are the provision of improved water quality and pedestrian safety for the benefit of
residents of the City.
2.03. The Properties are not located in a tax increment financing district.
2.04. The granting of the proposed abatement will not cause the aggregate amount of
abatements granted by the City under the Act in any year to exceed the greater of (i) ten percent
(10.00 %) of the City's net tax capacity for the taxes payable year to which the abatement applies,
or (ii) $200,000.
2.05. It is in the best interests of the City to grant the tax abatement authorized in this
Resolution.
2.06. Under Section 469.1813, Subdivision 9 of the Act, it is not necessary for the City
to obtain the consent of any owner of any of the Properties to grant an abatement.
Section 3. Granting of Tax Abatement.
3.01. A property tax abatement (the "Abatement") is hereby granted in respect of
property taxes levied by the City on the Properties for ten (10) years, commencing with taxes
payable in 2017 and concluding with taxes payable in 2026. The Abatement will reduce all of
the taxes for each of the Properties, and the total amount of the Abatement will not exceed
$1,600,000.
3.02. The City shall retain the Abatement and apply it to payment of all or a portion of
the costs of acquiring or constructing the Project or to the payment of bonds of the City issued to
finance costs of acquiring or constructing the Project.
3.03. The Abatement may be modified or terminated at any time by the City Council in
accordance with the Act.
Adopted this 12`h day of Apri l, 2016.
Jerome O. Faust, Mayor
ATTEST: 1W N
'Nicole Miller, City Clerk
Reviewed for administration:
Mark Casey, ity Manager
RI
ANUM IN".
Properties with the following parcel identification numbers:
313023410008
313023440084
313023440089
313023440039
313023440042
313023440091
313023440090
313023440027
313023440041
313023440085
r
313023440092
313023440038
313023440081
313023440086
313023440093
313023440037
313023440082
313023440087
313023440094
313023440058
313023440083
313023440088
313023440040
313023440029
313023410008
313023440042
313023440041
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313023440040
3130234,400��
313023440029A
313023440039 :+
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41' 313023440038 -
.313023440037
313023440058_
Leaend
Abatement Parcels
4-313023440091
5-313023440090
6-3 3023440089
7- 313023440081
8- 313023440082
9- 313023440083
10- 313023440084
11- 313023440088
12- 313023440087
13-313023440086