HomeMy WebLinkAboutCC RES 92-040 RESOLUTION APPROVING REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3-RAMSEY COUNTY AND THE REDEVELOPMENT PROJECT TO BE UNDERTAKEN PURSUANT THERETO AND TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COU Meeting Sheet
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103576
Box: 26
Folder: RES 1992
Document: CC RES 92-040 RESOLUTION APPROVING REDEVELOPMENT
PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3-RAMSEY COUNTY
AND THE REDEVELOPMENT PROJECT TO BE UNDERTAKEN PURSUANT
THERETO AND TAX INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COU
Member Wagner introduced the following
resolution and moved its adopted:
RESOLUTION NO. 92-040
RESOLUTION APPROVING REDEVELOPMENT PLAN
FOR REDEVELOPMENT PROJECT AREA NO. 3 -
RAMSEY COUNTY AND THE REDEVELOPMENT PROJECT
TO BE UNDERTAKEN PURSUANT THERETO AND
TAX INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 3 - RAMSEY
COUNTY, AND MAKING FINDINGS WITH RESPECT
THERETO
BE IT RESOLVED by the City Council of the City of St. Anthony,
Minnesota as follows:
1. The Housing and Redevelopment Authority in and for the City of
St. Anthony (the HRA) has approved a redevelopment plan, as defined in
Minnesota Statutes, Section 469.002, subdivision 16, designated as Redevelopment
Plan for Redevelopment Project Area No. 3 - Ramsey County (the Redevelopment
Plan), and a redevelopment project, as defined in Minnesota Statutes, Section
469.002, subdivision 14, to be undertaken pursuant thereto, designated as
Redevelopment Project No. 3 - Ramsey County (the Redevelopment Project), and in
order to finance the public redevelopment costs to be incurred by the HRA in
connection with the Redevelopment Plan and Redevelopment Project, the HRA
has approved a tax increment financing plan, pursuant to Minnesota Statutes,
Section 469.175, designated as Tax Increment Financing Plan (the Financing Plan)
which establishes a tax increment financing district, as defined in Minnesota
Statutes, Section 469.174, subdivision 9, designated as Tax Increment Financing
District No. 3 - Ramsey County (the District). The HRA has requested that this
Council approve the Redevelopment Plan, Redevelopment Project and Financing
Plan following a public hearing thereon. The HRA has furnished to this Council a
copy of the Redevelopment Plan and Financing Plan and the written opinion of the
City Planning Commission as to the Redevelopment Plan, the Redevelopment
Project and the Financing Plan, and this Council on August 25, 1992, held a public
hearing on the same after notice of the public hearing was published in the official
newspaper of the City, not less than 10 days prior to the date of the hearing. All
persons desiring to be heard were heard.
2. The Redevelopment Plan, Redevelopment Project, Financing Plan
and establishment of the District are hereby approved.
3. This Council finds that the District is a redevelopment district
within the scope of Minnesota Statutes, Section 469.174, subdivision 10, for the
0 following reasons: (i) parcels consisting of 70% of the area in the District are
• occupied by buildings, streets, utilities or other improvements and (ii) more than
50% of the buildings (not including outbuildings) are structurally substandard to a
degree requiring substantial renovation or clearance. In making this determination
the City Council has reviewed and is relying on the report of Ulteig Engineers, Inc.,
included in the Redevelopment Plan and Financing Plan, and information
otherwise available to the City.
4. Based upon the reasons and supporting facts set forth in the
Redevelopment Plan and Financing Plan, pursuant to Minnesota Statutes, Section
469.028, it is hereby found that:
(A) The land located within the Project area would not be made
available for redevelopment without financial aid sought;
(B) The Redevelopment Plan for the area within the City included
therein will afford maximum opportunity, consistent with the sound
needs of the City as a whole, for the redevelopment of such areas by
private enterprise; and
(C) The Redevelopment Plan conforms to the general plan for the
development of the City as a whole.
5. Based upon the reasons and supporting facts set forth in the
Redevelopment Plan and Financing Plan, pursuant to Minnesota Statutes, Section
469.175, subdivision 3, it is hereby found that:
(A) For the reasons stated in Section 3 of this Resolution, the
District is a Redevelopment District as defined in Minnesota Statutes,
Section 469.174, subdivision 10.
(B) The proposed redevelopment to be undertaken in accordance
with the Redevelopment Plan in the opinion of this Council would
not occur solely through private investment within the reasonably
foreseeable future and therefor the use of tax increment financing is
deemed necessary.
(C) The Financing Plan conforms to the general plan for the
development of the City as a whole.
(D) The Financing Plan will afford maximum opportunity
consistent with the sound needs of the City as a whole for the
development of the District by private enterprise.
(E) The City elects the method of tax increment computation set
• forth in Minnesota Statutes, Section 469.174, subdivision 3, clause (a).
• Passed by the Council this 25th day of August, 1992.
Mayor
Attest:
City Cle
7-2
City Manager
The motion for the adoption of the foregoing resolution was duly
seconded by Member Enrooth , and upon vote being taken
thereon, the following voted in favor thereof:
Wagner, Enrooth, Ranallo, Fleming, Marks
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and the following voted against the same:
None
whereupon said resolution was declared duly passed and adopted, and was signed by
the Mayor, whose signature was attested by the City Clerk.
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