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80-54 ...... ! ... " CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA .... Dated December 15, 1980 Motion by Councilman Neveaux Resolution No. 80-54 Seconded by Councilman Gp-ving RESOLUTION APPROVING THE MUNICIPAL DEVELOPMENT PROGRAM AND TAX INCREMENT FINANCING PLAN AND THE USE OF TAX INCREMENT FINANCING WHEREAS, it is desirable and in the public interest that the City of Chanhassen (hereinafter the Municipality) undertake and carry out a municipal development program, pursuant to Chapter 472A of Minnesota Statutes, encompassing the area which is more particularly described on Exhibit A attached hereto and made a part hereof, (which area is herein called the Municipal Development District), and - WHEREAS, it is desirable and in the public interest that the Municipality undertake and carry out a tax increment financing plan, pursuant to Chapter 273 of Minnesota Statutes, encompassing the area, which is more particularly described on Exhibit B attached hereto and made a part hereof, (which area is herein called the Economic Development District), and WHEREAS, the City Council has reviewed "The Municipal Development District No. 1 Plan and Tax Increment District No. 2 Plan" dated December 1980 and prepared by Bather-Ringrose-Wolsfeld- Jarvis-Garder, Inc. (herein called the Plan Booklet), which sets forth a municipal development program for the municipal development district and a tax increment financing plan for the economic development district, and \'lHEREAS, the Plan Booklet sets forth the municipality IS estimate of the fiscal and economic impact of the tax increment financing on the assessed values of all taxing jurisdictions in which the economic development district is located, and the municipality's estimate of the fiscal and economic implications of the tax increment financing district~ and WHEREAS, the Plan Booklet has been submitted to the Chanhassen Planning Commission, the planning agency of the Municipality, for its review, and WHEREAS, the Plan Booklet has been submitted to the Board of Commissioners of Hennepin County, Minnesota for its review, and e WHEREAS, the Plan Booklet has been submitted to the School Board of the Eden prairie School District, and WHEREAS, the City Council, on December 15, 1980, after having published a notice of public hearing in both the official newspaper of the Municipality and in a newspaper of general circulation within the Municipality, conducted a public hearing on the Plan Booklet and received public comments on the same, and " -, WHEREAS, the City Council has received and considered the comments of the Chanhassen Planning Commission, the Board of Commissioners of Hennepin County, respecting the contents of the Plan Booklet, and WHEREAS, no such comment has been received from the School Board of Eden Prairie School District, though that body was duly notified of the December 15, 1980, public hearing. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Chanhassen: 1. That it is hereby found and determined that there is a need for new development in the Municipal Development District. 2. That it is hereby found and determined that the Municipal Development District is an area "already built-up" within the meaning of Section 472A.Ol of Minnesota Statutes for the following reasons: a. b. e c. d. e. f. said district is already partially occupied by industrial uses, said district is already served by partially completed frontage roads, said district has frontage on a railroad right of way, said district has full municipal services available at its boundary line, said district is bisected by a state trunk highway, and said district is surrounded by existing urbanized areas. 3. That it is hereby found and determined that there is a need for new development in the Municipal Development District so as to provide employment opportunities in the Municipality, to improve both the tax base and the general economy of the City of Chanhassen, and improve the quality of life and the qu1aity of transportation within the Municipality. 4. That it is hereby found and determined that the Municipal Development Program set forth in the Plan Booklet will provide impetus for commercial development and will increase employment and will provide improved transportation services, and improved municipal services to the Municipal Development District. 5. That the Municipal Development Program as set forth in the Plan Booklet having been duly reviewed and considered is hereby approved, and the area described in Exhibit A hereto is hereby designated as a Municipal Development District pursuant to Section 472A.03 of Minnesota Statutes. e -2- . . . 6. That the City Council hereby designates the City Manager of this Municipality as the responsible officer to act as administrator ~'_ of the Municipal Development District. 7. That the City Council, acting pursuant to Section 472A.ll of Minnesota Statutes, hereby declines to appoint an advisory board for the Municipal Development District. 8. That the Municipality hereby states that the environmental controls to be applied in connection with the execution of the Municipal Development Program shall consist of the applicable regulations of the Riley-Purgatory Creek Watershed District, the applicable ordinances of this Municipality, and the applicable provisions of Minnesota Statutes. 9. That is is hereby found and determined that the area described on Exhibit B hereto is an Economic Development District wi~hin the meaning of Chapter 273 of Minnesota Statutes. 10. That is is hereby found and determined that the designation of the area described on Exhibit B hereto as an Economic Development District will discourage commerce, industry, and manufacturing from moving their operations to another state and will result in increased employment in the Municipality, and will preserve and enhance the tax base of the Municipality. e 11. That is hereby found and determined that the proposed development of said Economic Development District would not occur solely through private investment within the reasonably foreseeable future and therefore the use of tax increment financing within said Economic Development District is deemed necessary. 12. That is hereby found and determined that the tax increment financing plan set forth in the Plan Booklet conforms to the general plan for the development of the Municipality as a whole. 13. That is is hereby found and determined that the tax increment financing plan set forth in the Plan Booklet will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development of the Economic Development District by private enterprise. 14. That the tax increment financing pla~ as set forth in the Plan Booklet having been duly reviewed and considered, is hereby approved and the area described in Exhibit B hereto is hereby designated as an Economic Development District pursuant to Chapter 273 of Minnesota Statutes. 15. That the City Manager is hereby directed to file a copy of this resolution and a copy of the Plan Booklet with the minutes of the City Council and with the State Planning Agency. e -3- " e- e e ", . 16. That the City Manager is hereby authorized and directed to request the auditor of Hennepin County to certify the original assessed value of the Economic Development District established by this resolution. 17. That is is hereby found and determined that no persons or businesses will be displaced or re-located as a result of the approval of and execution of the Municipal Development Program and the Tax Increment Financing Plan set forth in the Plan Booklet. 18. That the Municipality hereby (~k~~XK) (does not elect) the method of tax increment computation set forth in Section 273.76, Subd. 3, clause (b) of Minnesota Statutes. 19. That the Municipality hereby states its intention to use all of the captured assessed value for purposes of tax increment financing. Passed and adopted by the Council of the City of Chanhassen this 15th day of December , 1980. G... ~~~~~ MA OR :42 (J2,~ C1ty Clerk Man e Yes No Absent Mayor Hobbs Geving Neveaux Swenson Pearson None None -4- . ~ e- e .. -. EXHIBIT A NARRATIVE 90UNDARY SURVEY OF MUNICIPAL DEVELOPMENT DISTRICT NO. 1 AI I that part of the Southwest Quarter of Section 7, Township 116, Range 22, Hennepin County, Minnesota, lying southerly of the southerly right-of-way I ine of the Chicago, Mi Iwaukee, St. Paul and Pacific Rai Iroad. and The North Half of the Northwest Quarter of Section 18, Township 116, Range 22, Hennepin County, Minnesota. ~ .... ..;:0:;;,.." if .~ e .. EXHIBIT B NARRATIVE BOUNDARY SURVEY OF TAX INCREMENT DISTRICT Np. 2 That part of the Southwest Quarter of Section 7, Township 116, Range 22, Hennepin County, Minnesota, described as follows: Beginning at the southeast corner of said Southwest Quarter; thence northerly along the east line of said Southwest Quarter to the southerly right-of-way line of the Chicago, Milwaukee, St. Paul and Pacific Railroad; thence southwesterly along said southerly right-of-way line to the east line of the west 1410.40 feet of said Southwest Quarter; thence southerly along said east line to the northerly line of the street easement described in Document No. 4441308; thence westerly 25 feet along said northerly line to the westerly line of West 187th Street as described in said Document No. 4441308; thence southerly along said westerly line and its 50utherly extension to the south line of said Southwest Quarter; thence easterly along said south line to the point of beginning. and The east 782.35 feet of the west 1410.40 feet of that part of the Southwest Quarter of Section 7, Township 116, Range 22, Hennepin County, Minnesota lying southerly at the right-of-way of the Chicago, Milwaukee, St. Paul and Pacific Railroad. Subject to an easement for public right-of-way purposes in State Highway No. 5 as described in Document No. 3087392.