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HomeMy WebLinkAbout2000.02.07 RESO 2000-0001Council member Debra Barnes CITY OF HUGO WASHINGTON COUNTY STATE OF MINNESOTA introduced the following resolution and moved its adoption: RESOLUTION NO. 2000-1 RESOLUTION ADOPTING THE MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1; MODIFYING TAX INCREMENT FINANCING DISTRICT NO. 1-1; AND ADOPTING THE MODIFICATION OF THE TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED by the City Council (the "Council') of the City of Hugo, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City Council has heretofore adopted a Development Program for Development District No. 1 and adopted a Tax Increment Financing Plan for Tax Increment Financing District No. 1- I . 1.02 It has been proposed that the City modify the Development Program for Development District No. 1 and modify the Tax Increment Financing Plan for Tax Increment Financing District No. 1-1, all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 through 469.134, inclusive, as amended, and Minnesota Statutes, Sections 469.174 to 469.179, inclusive as amended (the "Act"). Generally, the substantive changes include the modification of District No. 1-1 to add three parcels to the District and the modification of the Plan to identify additional land for acquisition, and amend the budget. 1.03. The Council has investigated the facts and has caused to be prepared the Modification to the Development Program for Development District No. I and the Modification of the Tax Increment Financing Plan for Tax Increment Financing District No. 1-1 (collectively the "Modifications"). 1.04. The City has performed all actions required by law to be performed prior to the adoption and approval of the proposed Modifications, including, but not limited to, notification of Washington County and School District No. 624 having taxing jurisdiction over the property to be included in District No. 1-1, notice ofthe proposed modification of an existing redevelopment district to the local county commissioner, a review of and written comment on the Modifications by the City Planning Commission, and the holding of a public hearing upon published notice as required by law. 1.05. The City of Hugo has previously elected to calculate fiscal disparities for District No. 1-I in accordance with Minnesota Statutes, Section 469.177, subdivision 3, clause a, which means the fiscal disparities contribution would not be taken from within District No. 1-1. Section 2. Findings for the Approval of the Modifications 2.0 1. The City is not modifying the boundaries of Development District No. 1. 2.02. The Council hereby reaffirms the original findings for Tax Increment Financing DistrictNo. 1-1 as modified herein, namely that Tax Increment Financing District No. 1-1 is in the public interest and is a "redevelopment district" under Minnesota Statutes, Section 469.174, subd. 10 (a)(1) and that the proposed development would not occur solely through private investment within the reasonably foreseeable future and therefore the use of tax increment financing is deemed necessary, the Modifications conform to the general plan for the development or redevelopment of the City as a whole, and that the Modifications will afford maximum opportunity consistent with the sound needs of the city as a whole, for the development of Development District No. 1 by private enterprise. 2.03. The reasons supporting these findings are that private investment will not finance these development activities due to prohibitive costs, and therefore it is necessary to finance these redevelopment activities through the use of tax increment financing so that other development by private enterprise will occur within Development District No. 1; Tax Increment Financing District No. 1-1 is properly zoned; the Modification of the Tax Increment Financing Plan conforms to the City's comprehensive plan for redevelopment and development; and the development activities are necessary so that development and redevelopment by private enterprise can occur within Development District No. 1. Section 3. Public Purpose. 3.01. The Council hereby finds that the Modifications conform in all respects to the requirements of the Act and are intended and, in the judgement of this Council, the effect of such actions will be to help fulfill a need to develop an area of the City which is already built up, to provide employment opportunities, to improve the tax base and to improve the general economy of the State and hereby serves a public purpose. Section 4. Approval of the Modifications: Filing_ 4.01. The Modification to the Development Program for Development District No. 1 and the Modification to the Development Program for Tax Increment FinancingDistrictNo. l -1 are hereby approved, and shall be placed on file in the office of the Finance Director. Approval of the Modifications does not constitute approval of any project or a Development Agreement with any developer. 4.02. The staff of the City are authorized to file the Modifications with the Commissioner of Revenue and the Washington County Auditor. 4.03. The staff of the City, the City's advisors and legal counsel are authorized and directed to proceed with the implementation of the Modifications and for this purpose to negotiate, draft, prepare and present to this Council for its consideration all further plans, resolutions, documents and contracts necessary for this purpose. The motion for the adoption of the foregoing resolution was duly seconded by Council member Jim Leroux , and upon a vote being taken thereon, the following voted in favor thereof: Debra Barnes, Chuck Haas, Jim Leroux, Becky Petryk, Walter Stoltzman and the following voted against the same: NONE Dated: February 7, 2000 (Seal) ATTEST: City Cle reasurer