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HomeMy WebLinkAbout01-040 Councilmember Luck introduced the following resolution and moved its adoption, which motion was seconded by Councilmember Rieb Resolution. No. 01-40 RESOLUTION CALLING FORA PUBLIC HEARING ON APPROVAL OF THE AMENDED TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 10 BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota (the "City"), as follows: 1. Proposed Tax Increment Plan. The City of Lakeville Housing and Redevelopment Authority (the "Authority") has approved a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, designated as Modification No, 1 (the "Project Plan") to I-35 Redevelopment Project No, l (the "Project Area"), .and. a redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statutes; Section 469.002, subdivision 14 (the "Redevelopment Project"). In order to finance the public redevelopment costs to be incurred in connection with the Project Plan and the Redevelopment Project, the Authority has prepared, and will present to the City for approval, Amendment No. 2 (the "Amendment") to a tax increment financing plan (the "Tax Increment 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. 10 within the Project Area. The Amendment and the Tax Increment Plan are collectively referred to as the "Amended Tax Increment Plan." It has been proposed that the Board of Commissioners of the Authority and the .City Council approve the Amended Tax Increment Plan,. and that this Council hold a public hearing on Amended Tax Increment Plan as required by Minnesota Statutes, Sections 469.028 and 469.175, subdivision 3. 2. Public Hearin. A public hearing is hereby scheduled to be held on the .Amended Tax .Increment Plan at 7:00 P.M. on April 16, 2001, at the Lakeville City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota.. The City Clerk is hereby authorized and directed to cause notice of such public hearing insubstantially the form of Exhibit A hereto to be published in the official newspaper of the City not less than 10 days prior to the date. of the hearing, and to provide the information required by Minnesota Statutes, Section 469.175, subdivision 2, to the appropriate governmental bodies. Upon vote being taken thereon, the following voted in favor thereof: Bellows, Johnson, Mulvihill, Rieb, Luick and the following voted against the same: N/A whereupon the resolution was declared duly passed and adopted. st: • City C1 rk Mayor • CERTIFICATION OF MINUTES RELATING TO AMENDMENT N0.2 TQ THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 10 I, the undersigned, being the duly qualified and acting recording officer of the City of Lakeville, Minnesota, certify that the documents attached hereto, as described above, have been carefully compared with the original records of said City in my legal custody, :from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to the tax increment financing plan described above; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. WITNESS my hand officially as such recording officer this ` ~9 day of March, 2001. City Clerk EXHIBIT A NOTICE OF PUBLIC HEARING ON APPROVAL OF THE AMENDED TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 10 OF THE CITY OF LAKEVILLE HOUSING AND REDEVELOPMENT AUTHORITY NOTICETS HEREBY GIVEN that the City Council of the City of Lakeville will hold a public hearing on approval of Amendment No. 2 to the Tax Increment Financing Plan (the Amended Tax Increment Plan). for Tax Increment Financing District No. 10 (the Financing District} of the City of Lakeville Housing and Redevelopment Authority (the Authority) at 7:00 P.M. on Monday, April 16, 2001, at the Lakeville City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota: The Amended Tax Increment Plan provides for the financing with tax increment revenue generated. by the Financing District established by the Amended Tax Increment Plan of certain public redevelopment costs to be incurred in connection with carrying out a redevelopment project within I-35,Redevelopment Project Area No. 1 (the "Project Area"). Accompanying this notice is a map of a portion of the City. The map shows the area encompassed by the Project Area and-the Financing District from which tax increment may be collected pursuant to the Amended Tax Increment Plan and the area in which such tax increment may be expended. All who wish to be heard as to Amended Tax Increment Plan will be given an opportunity to express their views at the time of the public hearing or may file written comments with the City Clerk prior to the public hearing. BY: Charlene Fried eg s, City Clerk O a ~ ~ ~ a`aF ~g~ n~_ d c~, v 4~', ~ i CH3~`~y 1. p - 1 ea r ~'l~ • ~ - r ] 1'IT7_ - z ~ - L V lF -L. ~ ' ~ i