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HomeMy WebLinkAboutCC RES 93-022 RESOLUTION APPROVING 1993-1 AMENDMENT TO 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 DIST Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII 103489 Box: 26 Folder: RES 1993 Document: CC RES 93-022 RESOLUTION APPROVING 1993-1 AMENDMENT TO 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 DIST 3 • Member Wagner introduced the following resolution and moved its adopted: RESOLUTION NO. 93-022 RESOLUTION APPROVING 1993-1 AMENDMENT TO 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. 4 - 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 Board of Commissioners of the Housing and Redevelopment Authority in and for the City of St. Anthony (the "HRA") and this Council by resolutions adopted August 25, 1992 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 "Original • 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 "Original Redevelopment Project"). The HRA has approved an Amendment to the Original Redevelopment Plan and the Original Redevelopment Project designated as 1993-1 Amendment to Redevelopment Plan for Redevelopment Project No. 3-Ramsey County (the "1993-1 Amendment," and the Original Redevelopment Plan, as amended by the 1993-1 Amendment is hereinafter referred to as the "Redevelopment Plan", and the Original Redevelpment Project, as amended by the 1993-1 Amendment is hereinafter referred to as the 'Redevelopment Project"). The 1993-1 Amendment includes additional property in the area subject to the Redevelopment Plan and provides for additional redevelopment activities to be undertaken by the City and HRA pursuant to the Redevelopment Project. 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 for Tax Increment Financing District No. 4 (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. 4 - Ramsey County (the "District"). The HRA has requested that this Council approve the 1993-1 Amendment and Financing Plan following a public hearing thereon. The HRA has furnished to this Council a copy • of the 1993-1 Amendment and of the Financing Plan and the written opinion of the City Planning Commission as to the 1993-1 Amendment and the Financing Plan, 9 i and this Council on March 23, 1993, 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 1993-1 Amendment, 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 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 The Runyan/Vogel Group, included in the 1993-1 Amendment 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 subject to the ® Redevelopment Plan 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 • -2- 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 23rd day of March, 1993. Gucv�P �%GtGCiC.C(J Mayor Attest: u Ci Clerk • City Mana r The motion for the adoption of the foregoing resolution was duly seconded by Member Marks , and upon vote being taken thereon, the following voted in favor thereof: Wagner, Marks, Enrooth, Ranallo, Fleming 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. • -3-