HomeMy WebLinkAboutCC RES 00-097 A RESOLUTION APPROVING AMENDMENT TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3- RAMSEY COUNTY, AND MAKING FINDINGS WITH RESPECT THERETO Meeting Sheet
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104860
Box: 31
Folder: RES 2000
Document: CC RES 00-097 A RESOLUTION APPROVING AMENDMENT
TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING DISTRICT NO. 3- RAMSEY COUNTY, AND MAKING
FINDINGS WITH RESPECT THERETO
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• Member Sparks introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2000-097
RESOLUTION APPROVING AMENDMENT TO 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 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"), and on March 23, 1993, the HRA and the City Council approved
• amendments to the Original Redevelopment Plan and Original Redevelopment Project (the
Original Redevelopment Plan as so amended is herein called the "Redevelopment Plan" and the
Original Redevelopment Project as so amended is herein called 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 the provisions of Minnesota Statutes, Section 469.175, designated as
Tax Increment Plan for Tax Increment Financing District No. 3-Ramsey County (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 an amendment to the
Financing Plan following a public hearing thereon to reduce the geographic area of the District
by eliminating certain parcels therefor. The HRA has furnished to this Council a copy of the
Amendment to the Financing Plan for Tax Increment Financing District No. 3-Ramsey County
(the "Amendment to the Financing Plan"), and this Council on July 25, 2000, 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 Amendment to the Financing Plan is hereby approved.
3. This Council has previously found that the District is a redevelopment
district within the scope of Minnesota Statutes, Section 469.174, subdivision 10, on the basis that
there is reasonably distributed throughout the District the following conditions: (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. The
Amendment to the Financing Plan does not change such prior findings of the Council.
4. Based upon the reasons and supporting facts set forth in the Original
Redevelopment Plan and Financing Plan, pursuant to Minnesota Statutes, Section 469.175,
subdivision 3, this Council has hereby found that:
(A)For 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
Original Redevelopment Plan in the opinion of this Council would not occur
solely through private investment within the reasonably foreseeable future.
(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).
The Amendment to the Financing Plan does not change such prior findings of this Council.
Dated the 11`h day of December 2000.
.v4�t--/
Mayor
Attest:
City Clerk
Gam_
City Manager
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The motion for the adoption of the foregoing resolution was duly seconded by
Member NIA , and upon vote being taken thereon, the following voted in
favor thereof:
and the following voted against the same: Cavanaugh, Sparks, Hodson,
Thuesen, Horst
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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