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Home My WebLink AboutCC RES 02-015 A RESOLUTION APPROVING 2002 AMENDMENT TO MASTER MODIFICATION TO REDEVELOPMENT PLANS AND TAX INCREMENT FINANCING PLAN FOR CHANDLER PLACE TAX INCREMENT DISTRICT (RAMSEY COUNTY No. 58) AND MAKING FINDINGS WITH RESPECT THERETO Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIII IIII 104610 Box: 31 Folder: RES 2002 Document: CC RES 02-015 A RESOLUTION APPROVING 2002 AMENDMENT TO MASTER MODIFICATION TO REDEVELOPMENT PLANS AND TAX INCREMENT FINANCING PLAN FOR CHANDLER PLACE TAX INCREMENT DISTRICT (RAMSEY COUNTY No. 58) AND MAKING FINDINGS WITH RESPECT THERETO L i • CERTIFICATE CITY OF ST. ANTHONY 1, the undersigned being the duly qualified City Clerk of the City of St. Anthony, Minnesota, hereby attest and certify that: 1. As such officer, I have the legal custody of the original record from which the attached resolution was transcribed. 2. I have carefully compared the attached resolution with the original record of the meeting at which the resolution was acted upon. 3. I find the attached resolution to be a true, correct and complete copy of the original: RESOLUTION NO. 02- 015 Resolution Approving 2002 Amendment to Master Modification to Redevelopment Plans and Tax Increment Financing Plan for Chandler Place Tax Increment District (Ramsey County No. 58) and Making Findings With • Respect Thereto 4. I further certify that the affirmative vote on said resolution was 5 ayes, p nayes, and p absent/abstention. 5. Said meeting was duly held, pursuant to call and notice thereof, as required by law, and a quorum was present. WITNESS m hand officially as such Clerk and the seal of said City, this day of , 2002. V 67V Connie Kroeplin, C ty Clerk (SEAL) • • RESOLUTION NO. 02- 015 RESOLUTION APPROVING 2002 AMENDMENT TO MASTER MODIFICATION TO REDEVELOPMENT PLANS AND TAX INCREMENT FINANCING PLAN FOR CHANDLER PLACE TAX INCREMENT DISTRICT (RAMSEY COUNTY NO. 58) AND MAKING FINDINGS WITH RESPECT THERETO BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota as follows: 1. The Commissioners of the Housing and Redevelopment Authority of the City of St. Anthony, Minnesota (the "HRA") and the City of St. Anthony, Minnesota(the "City"), have previously approved Kenzie Terrace Redevelopment Plan, Chandler Place Redevelopment Plan, Highway Eight Redevelopment Plan, Redevelopment Plan for Redevelopment Project No. 2 and Redevelopment Plan for Redevelopment Project No. 3, together with certain amendments thereto (the "Redevelopment Plans") and redevelopment projects (the "Redevelopment Projects") to be undertaken pursuant thereto, and in order to finance the public redevelopment costs to be incurred by the City and the HRA in connection with certain of the Redevelopment Plans and Redevelopment Projects, the HRA and the City have approved Tax Increment Financing Plans (the "Financing Plans"), which establish two tax increment financing districts which are designated by the HRA as follows: Kenzie Terrace Tax Increment District (Hennepin County No. 1950) and Chandler Place Tax Increment District (Ramsey County No. 58) (the"Districts"). In 1995 the Board of Commissioners of the HRA and the City approved an amendment to the Redevelopment Plans and the Financing Plans which is entitled "Master Modification to Redevelopment Plans and Tax Increment Financing Plans" (the "Original Master Modification"). The Master Modification combines the areas subject to the Redevelopment Plans and expands the area subject to the Redevelopment Plans and authorizes the expenditure of tax increment revenues derived from the Districts to pay public redevelopment costs in the additional area made subject to the Redevelopment Plans and on November 12, 1996 the Board of Commissioners of the HRA and the City approved amendments to the Original Master Modification designated as "1996 Amendments to the Master Modification to Redevelopment Plans and Tax Increment Financing Plans (the "1996 Amendment'), which included additional property in the area subject to the Redevelopment Plans and amended the Financing Plans to authorize additional expenditure of tax increment revenue derived from either of the Districts. The Original Master Modification, as amended by the 1996 Amendments is herein called the "Master Modification". On January 23, 2001 the Board of Commissioners of the HRA and the City approved an additional amendment to the Tax Increment Financing Plan for Chandler Place Tax Increment District (Ramsey County No. 58) (the "Chandler District') designated as "2001 Amendments to Tax Increment Financing Plan for Chandler Place Tax Increment District (Ramsey County No. 58)" (the "2001 Amendment') to identify property which the HRA intends to acquire with the tax increment revenues derived from the Chandler District. The HRA has • • approved an additional amendment to the Master Modification and the Tax Increment Financing Plan for the Chandler District which is entitled "2002 Amendments to Master Modification and Tax Increment Financing Plan for Chandler Place Tax Increment Financing District"(the "2002 Amendment") to include additional property in the area subject to the Redevelopment Plans and to amend the Financing Plan for the Chandler District to identify additional property which the HRA intends to acquire with tax increment revenues derived from the Chandler District and to authorize additional expenditure of tax increment revenue derived from the Chandler District. 2. This Council on January 8, 2002, held a public hearing on the 2002 Amendment after notice of the public hearing was published in the official newspaper of the City not less than ten (10) days prior to the date of the hearing. At such public hearing all persons desiring to be heard with respect to the 2002 Amendment were given an opportunity to express their views with respect thereto. 3. This Council has previously found that the Chandler District is a housing district within the scope of Minnesota Statutes Section 469.174, subdivision 11, and the 1996 Amendment will not change such prior findings. The 2002 Amendment further serves the original goals and purposes of the City and HRA in approving the Redevelopment Plans, the Redevelopment Projects and the Financing Plan for the Chandler District, by redeveloping property in the City and by providing needed facilities which will be of benefit to all residents of the City, including those residing in the area subject to the Redevelopment Plans. 4. Pursuant to Minnesota Statutes, Section 469.175, subdivision 4, it is hereby found • that: (A) Chandler Place Tax Increment District is a housing district, as defined in Minnesota Statutes, Section 469.174, subdivision 11, for the reasons set forth in previous findings by this Council, and the 2001 Amendment does not alter these previous findings. (B) The proposed development to be undertaken in accordance with the Redevelopment Plans, as amended by the Master Modification and the 2002 Amendment, 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 for the Chandler District, as amended by the Master Modification, the 2001 Amendment and 2002 Amendment, conforms to the general plan for the development of the City as a whole. (D) The Financing Plan for the Chandler District, as amended by the Master Modification, the 2001 Amendment and the 2002 Amendment, will afford maximum opportunity consistent with the sound needs of the City as a whole for the development of the area subject to Redevelopment Plans by private enterprise. • -2- • (E) The City confirms its election of the method of tax increment computation set forth in Minnesota Statutes, Section 469.177, subdivision 3, clause(a) with respect to the Chandler District. Passed by the Council this 8`h day of January, 2002. C. ayor Attest: &;e'N-c-lJ City Clerk Reviewed for Administration: City Manager • • -3-