92-144 City of Chanhassen
Carver and Hennepin Counties, Minnesota
DATE: December 14, 1992
RESOLUTION NO: 92-144
MOTION BY: Workman
SECONDED BY: Mason
A RESOLUTION APPROVING MODIFICATION NO. 12 TO
THE REDEVELOPMENT PLAN AND TAX iNCREMENT FINANCING PLAN
FOR THE CHANHASSEN DOWNTOWN REDEVELOPMENT PROJECT
BE IT RESOLVED by the City Council (the Council) of the City
of Chanhassen (the City) as follows:
Section 1. Recitals.
1o01. The Housing and Redevelopment Authority in and for
the City of Chanhassen (Authority) and the City Council of the City
of Chanhassen (City) approved a redevelopment project for the
downtown Chanhassen area (Project) and adopted a redevelopment plan
and tax increment financing plan (Plan) for same on November 29,
1988, and December 19, 1977, respectively.
1.02. Due to changes in the focus of the Plan and
alterations in the boundaries of the Project, the Plan has been the
subject of eleven modifications since its adoption in 1977.
1.03 Changes and additions to the public and private
improvements to be constructed in the Project has prompted the need
for another modification to the Plan.
1.04. In response to these changes, the Authority has
authorized the preparation of a modified Plan, which is contained
in a document entitled "Redevelopment Plan and Tax Increment
Financing Plan for Downtown Chanhassen Redevelopment Area, City of
Chanhassen Modification No. 12," dated December 14, 1992, and now
on file with the city clerk.
1.05. In accordance with Minnesota Statutes, sections
469.174 through 469.179 (TIF Act), the modified Plan was referred
to the Chanhassen Planning Commission which on December 2, 1992,
found that it conforms to and is not in conflict with the general
plan for redevelopment of the City as a whole.
1.06. The Authority on November 19, 1992, approved the
modified Plan for the Project and referred it to the Council for
public hearing and consideration as provided by the TIF Act.
1.07 Copies of the modified Plan have been forwarded to
Independent School District No. 112 and Carver County along with a
notice of a public hearing to be held by the Council on December
14, 1992, as required by the TIF Act.
1.08. The Council has fully reviewed the contents of the
modified Plan and has this date conducted a public hearing thereon
at which the views of all interested persons were heard.
Section 2.
Findinqs; RedeveloDment Project.
2.01. It is hereby found and determined that within the
Project there exist conditions of economic obsolescence, physical
deterioration, underutilization and inappropriate uses of land.
2.02.
that:
It is further specifically found and determined
the land in the Project would not be made
available for redevelopment without the public
intervention and financial assistance
described in the modified Plans;
b .
the modified Redevelopment Plan for the
Project will afford maximum opportunity,
consistent with the sound needs of the City as
a whole, for the redevelopment of the Project
by private enterprise;
C ·
the modified Redevelopment Plan conforms to the
general development plan of the City as set
forth in the comprehensive municipal plan.
2.03. The findings in this section are made in compliance
with section 469.028, subdivision 2 of the Housing and
Redevelopment Authorities Act for the purpose of showing the City's
intent to exercise, in conjunction with the Authority, the powers
granted to the City and the Authority by the Act.
Section 3.
Findinqs; Tax Increment Financinq District.
3.01. It is found and determined that it is necessary and
desirable to the sound and orderly development and redevelopment of
the Project and the City as a whole, and for the protection and
preservation of the public health, safety, and general welfare,
that the authority of the TIF Act be exercised by the Authority and
the City to provide public financial assistance within the Project.
3.02. It is further found and determined, and it is the
reasoned opinion of the Authority and the City, that the
redevelopment proposed in the modified Plan could not reasonably be
expected to occur solely through private investment within the
reasonably foreseeable future and that therefore the use of tax
increment financing is necessary.
3.03. The modified Plan conforms to the general plan for
redevelopment of the City as a whole.
3.04. The proposed public improvements to be financed
largely through tax increment financing are necessary to permit the
City to realize the full potential of the Project in terms of
development intensity, employment opportunities and tax base.
3.05. The modified Plan will afford maximum opportunity,
consistent with the sound needs of the City as a whole, for the
redevelopment of the Project by private enterprise.
3.06 Nothing contained herein constitutes an election on the
part of the Authority or City to proceed with the Project under
sections 469.174 through 469.178 of the TIF Act, except to the
extent required by section 469.179.
Section 4.
Adoption of Modification No. 12; Filinq.
4.01. The modified Plan is hereby approved and
adopted. The modified Plan incorporates by reference the original
Plan and all subsequent amendments thereto, except as the modified
Plan explicitly or by reasonably necessary implication conflicts
with the original Plan or any of the first eleven amendments
thereto.
4.02. The geographic boundaries of neither the Project
area nor the TIF District are affected by this modification and are
as described in the Plan, as previously modified.
4.03. The Authority is requested to file a copy of the
modified Plan with the Minnesota Commissioner of Trade and Economic
Development as required by the TIF Act.
4.04. The City may at the appropriate time take action to
issue and sell its general obligation bonds pursuant to the TIF Act
to finance public redevelopment costs identified in the modified
Plan.
4.05. The city clerk is authorized and directed to
transmit a certified copy of this resolution to the Authority.
DATED: December 14 , 1992.
ATTE S T:
Don Ashworth,~-City Manager
o~n a l~y o r'
Chmiel
Dimler
Mason
Workman
YES
NO ABSENT
None Winq