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HomeMy WebLinkAbout84-032 f ' . , CITY 'OF LAKEVILLE RESOLUTION Date Marsh 19, 1984 Resolution No. 84-32 Motion By Sindt Seconded By Nelson .RESOLUTION APPROVING I-35 REDEVELOPMENT PROJECT NO. l AND THE PROPOSED RE- DEVELOPMENT PLAN'. AND TAX INCREMENT' FINANCING PLAN THEREFOR; AUTHORIZING THE HOUSING AND REDEVELOPMENT AUTHORITY TO PROCEED WITH THE PROJECT. BE T_T RESOLVED by the. City Council of the City of Lake- ville, Minnesota, as follows: Section 1. Recitals. 1.01. This Council h'as received from the City Housing and Redevelopment Authority (th',e Authority), a resolution of the Authority determining to undert',ake and complete a redevelopment project in the City designated as the I-35 Redevelopment Project No. 1 (the Project), a proposed redevelopment plan and tax increment financing plan for the Project,'. and a written opinion of the Plan- ning Commission relating theret',o. 1.02. This Council, by its Resolution No. 84-21 adopted March 5, 1984, called a public hearing on the Project and the pro- posed redevelopment plan and tax increment financing plan for Monday, March 19, 1984. Notice of the hearing was published in the official newspaper as required by law; and said hearing was held on March 19, 1984 and all 'persons appearing thereat were permit- ted to present their views on the Project and the plan. 1.03. Prior to the commencement of the hearing this Council received the written opinion of the Planning Commission stating that the Project and. the proposed redevelopment plan are consistent with the City's comprehensive plans and its planning and zoning ordinance. 1.04. The Authority '.has provided an opportunity to the members of the County Board of 'Commissioners of Dakota County and the members of the school boards of all school-districts in which any portion of the proposed district is located to meet with the Authority. The Authority has presented to the members of the County Board of Commissioners and the school boards its estimate of the fiscal and economic implication of the proposed. tax increment fi- nancing distict. The members of the County Board of Commissioners and the school boards were granted the opportunity to present their comments at the public hearing held on March l9, 1984. Section 2. Approval of Project and Plans. 2.01. The Council has reviewed and considered the Project and the proposed redevelopment plan, the written opinion of the Planning Commission, the facts and views presented at the public hearing. and other Council meetings concerning the Project, and facts and circumstances concerning the City and the Project area and their development. 2.02. On the basis of such review and consideration .the Council hereby determines: (a) That the proposed. tax increment financing district is an economic development district. (b) That. the proposed development or redevelopment, in the opinion of the City, would 'not reasonably be expected to occur solely through private investment within the reason- ably forseeable-future and 'therefore the use of tax increment financing is deemed necessary. The land in the .project area would;-not be developed,'or be, available for redevelopment unless the proposed redevelopment plan and tax increment fi- nancing is undertaken. (c) That. the. tax increment financing plan conforms to the general plan for the development or redevelopment of the municipality as a whole. (d) That the tax increment financing plan .will afford maximum opportunity, consistent with the sound needs of the City as a whole, for .the development or redeveloment of the project by private enterprise. (e) The reasons and supporting facts for the above determinations are set forth in the tax increment financing plan (particularly pages l~ and 13), which information is incorporated herein by reference. 2.03. The Council hereby determines that the approval and undertaking of the Project and the actions described in the proposed redevelopment plan by the City, are necessary to and will result in the accomplishment of ,the public purposes specified in Minnesota Statutes, Section 462..415 and 474.01, in the City. 2,04. The Council hereby determines that the economic and other benefits- described in!the attached document will, or are likely to, accrue to the City and its inhabitants as a result of the approval. and undertaking of the Project and the actions described in the proposed redevelopment plan by the City. -2- 1 Section 3. Project and Plan; Approval and Implementation. 3.01. The Project. and the proposed redevelopment plan and tax increment financing plan-thereof (Redevelopment Plan and tax increment financing plan fo,r I-35 Redevelopment Project No. 1 - hereinafter the Plan) are hereby approved. 3.02. The City Administrator is authorized and. directed to take all actions on behalf of-the City,. subject to such :approval of this Council as may be required by law, to implement and carry out the Project and. Plan. 3.03. The Housing and Redevelopment. Authority is autho- rized and directed to take all 'actions necessary to implement and carry out the Project and Plan,. subject only to such approval of this Council as may be required by law. Adopted March 19' 1984. ,CITY OF LAKEVILLE Dua e Zaun, M y r Att ~ Patrick E. McGa ve~,~ City erk -3-