HomeMy WebLinkAboutCC RES 00-091 A RESOLUTION RELATING TO A TAX ABATEMENT BY THE CITY ON CERTAIN PROPERTY LOCATED WITHIN THE CITY AND IN RAMSEY COUNTY; GRANTING THE ABATEMENT Meeting Sheet
IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII
ioassa
Box: 31
Folder: RES 2000
Document: CC RES 00-091 A RESOLUTION RELATING TO A TAX
ABATEMENT BY THE CITY ON CERTAIN PROPERTY LOCATED WITHIN
THE CIN AND IN RAMSEY COUNTY; GRANTING THE ABATEMENT
CITY OF ST. ANTHONY
RESOLUTION 00-091
• RESOLUTION RELATING TO A TAX ABATEMENT BY THE
CITY ON CERTAIN PROPERTY LOCATED WITHIN THE
CITY AND IN RAMSEY COUNTY; 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 parcels of property located within the City, if certain conditions are met, through the
adoption of a resolution, specifying the terms of the abatement.
1.02. To finance improvements to Central Park the City is proposing to abate the
property taxes imposed by the City with respect to the parcels of property located in Ramsey
County which are described in Exhibit A hereto (the "Property").
1.03. Pursuant to the Act, this Council on November 28, 2000, conducted a public
hearing on the desirability of granting the abatement. Notice of the public hearing was duly
published as required by law in the St. Anthony Bulletin, a newspaper of general circulation in
• the City, on November 15, 2000.
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. There is a need for the City to improve Central Park.
2.02. The granting of the proposed abatement is in the public interest because it will
provide improvements to public facilities, which improvements will be of benefit to all property
in the City, including the Property.
2.03. 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 financing or provision of public facilities comprising the improvements to
Central Park.
2.04. The granting of the proposed abatement will not cause the aggregate amount of
abatements granted by the City under the Act to exceed the greater of(i) five percent(5.00%) of
the City's current property tax levy, or(ii) $100,000.
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 of the owners of the Property to grant an abatement.
Section 3. Granting of Tax Abatement.
3.01. Pursuant to Minnesota Statutes Section 469.1813, subdivision 6(b),the City has
submitted a request in writing to Ramsey County for Ramsey County to grant an abatement for
the Property. Ramsey County has declined, in writing, to grant an abatement with respect to
such property. Because Ramsey County has declined the City's request to grant an abatement
for the Property, the durational limit for the abatement of the City's property taxes with respect
to the Property is 15 years. A property tax abatement(the "Abatement") is hereby granted in
respect of property taxes levied by the City on the Property for fifteen years, commencing with
taxes payable in 2001 and concluding with taxes payable in 2015.
3.02. The City shall retain the Abatement and apply it to payment of all or a portion of
the costs of improvements to Central Park or to the payment of bonds of the City issued to
finance costs of the improvements to Central Park, issued pursuant to Minnesota Statutes,
Chapter 475 and Section 469.1814.
3.03. Notwithstanding anything to the contrary contained in this Resolution, the total
amount of property taxes abated by the City under the Act in any year shall not exceed$100,000.
• 3.04. The Abatement may be modified or terminated at any time by the City Council in
accordance with the Act.
Adopted by the City Council of the City of S Anthony,Minnesota, this 28th day of
November, 2000.
Mayor
Attest:
City Clerk
Reviewed by Administration:
kCity=Manager
•
-2-
• Ex mrr A
Description of the Property
Parcels located in Ramsey County with the following Property Identification Numbers:
31-30-23-41-0184
31-30-23-41-0185
31-30-23-41-0186
31-30-23-41-0187
31-30-23-41-0188
31-30-23-41-0189
31-30-23-41-0190
31-30-23-41-0191
31-30-23-41-0192
31-30-23-41-0193
31-30-23-41-0194
31-30-23-41-0195
31-30-23-41-0196
31-30-23-41-0197
31-30-23-41-0198
• 31-30-23-41-0199
31-30-23-41-0200
31-30-23-41-0201
31-30-23-41-0202
31-30-23-41-0203
31-30-23-41-0204
31-30-23-41-0205
31-30-23-41-0206
31-30-23-41-0207
31-30-23-41-0208
31-30-23-41-0209
31-30-23-41-0210
31-30-23-41-0211
31-30-23-41-0212
31-30-23-41-0213
31-30-23-41-0214
31-30-23-41-0215
31-30-23-41-0216
31-30-23-41-0217
31-30-23-41-0218
31-30-23-41-0219
31-30-23-41-0220
• 31-30-23-41-0221
A-1