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HomeMy WebLinkAbout84-086 CITY OF LAKEVILLE RESOLUTION Date June 18, 1984 Resolution No. 84-86 Motion by Nelson Seconded by Sindt RESOLUTION APPROVING AMENDED REDEVELOPMENT PLAN FOR REDEVELOPMENT DISTRICT N0. 1 AND TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT N0. 2; AUTHORIZING THE HOUSING AND REDEVELOPMENT AUTHORITY. TO PROCEED WITH THE PROJECT BE IT RESOLVED by the City Council of the City. of Lakeville, Minnesota, as follows: Section 1. Recitals. 1.01. This council has received from the City Housing and Redevelopment Authority (the Authority.) a resolution of the Authority determining to under- take. and complete a redevelopment project in the city designated as the "202" Senior Apartment and Senior Center Project (the Project), a proposed redevel- opment plan .and tax increment :financing plan for the. Project, and a written opinion of the Planning Commission relating thereto. 1.02. This council, by its Resolution No. 84-72 adopted May 21, 1984, called a public hearing on the Project and the proposed redevelopment plan and tax increment financing plan for June 18, 1984. Notice of the hearing was published in the official newspaper as required_by law; and said hearing was held on June 18, 1984, and all persons appearing .thereat were permitted 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 financing district. 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 June 18, 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 a housing 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 reasonably foreseeable 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 financing 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 opportu- -nity, consistent with the sound needs of .the City as a whole, for the devel- opment or redevelopment 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, which information is incorpo- rated 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 likeYy 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. Section 3. Project and Plan; Approval .and Implementation. 3.01. The Project and the proposed.redevelopment plan and tax increment. financing plan thereof (Amended Redevelopment Plan for Redevelopment District No. 1 and Tax Increment Financing Plan for T.I.F. District No. 2) 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. 2 • 3.03. The Housing and Redevelopment Authority is authorized and directed to_take all actions necessary o implement and .carry out. the Project and Plan, subject only to such approval of this council as may be required by law. Adopted this 18th day of June, 1984. CITY OF LAKEVILLE BY: Du ne Zaun, y r ATTEST: Patrick E. McGarvey, City Clerk 3