90-32
.
CITY OP CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
Date
March 12, 1990
Resolution No.
90-32
Motion By
Dimler
Seconded By
Workman
RESOLUTION ADOPTING A MODIFIED
DEVELOPMENT PROGRAM FOR DEVELOPMENT
DISTRICT NO.1 AND A MODIFIED
TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT NO.2
BE IT RESOLVED By the City Council (the "Council") of the City of
Chanhassen, Minnesota (the "City"), as follows:
Section 1. Recitals.
1.01. On December 15, 1980, the City adopted a Development Program
("Program") and established Development District No.1, pursuant to and in
accordance with Minnesota Statutes Section 469.124 through 460.134. The City
e modified the Program on August 3, 1981 and September 21, 1987.
1.02. The City established Tax Increment Financing District No. 2 and
adopted a Tax Increment Financing Plan ("Plan") for same on December 15, 1980,
pursuant to and in accordance with Minnesota Statutes Sections 469.174 through
469.179. The City modified the Plan on August 3, 1981 and September 21, 1987.
1.03. In 1989, the Minnesota legislature adopted special legislation
extending the duration of Tax Increment Financing District No.2 from 1989 to
1992 on the condition that all increment collected in the years 1990 through 1992
be used for improvements to highway 101 north of highway 5 or on the
administrative expenses of the district.
1.04. The Council has caused to be prepared a modified Program for
Development District No.1, and a modified Tax Increment Financing Plan for Tax
Increment Financing District No.2, detailing the expenditures during 1990 through
1992 authorized by special legislation.
1.05. The City has performed all actions required by law to be performed
prior to the adoption of a modified Program and the adoption of a modified Plan,
including, but not limited to, notification of Hennepin County and Independent
School District No. 112; a review by the City planning commission of the modified
Program and the modified Plan for their consistency with the general plans for
development of the City; and holding a public hearing regarding the modified
Program and the modified Plan upon such notice as is required by law.
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4.02. The boundaries of Development District No. 1 and Tax Increment
Financing District No.2 are described in the modified Program and modified Plan
and incorporated herein by reference. No property has been added to either
Development District No. 1 or Tax Increment Financing District No. 2 as a result
of adoption of the modified Program and modified Plan.
4.03. The City Manager is authorized and directed to transmit a certified
copy of this resolution together with a copy of the modified Program and modified
Plan to Hennepin County and to file a copy of the modified Program and modified
Plan with the Minnesota Commissioner of Trade and Economic Development.
Passed this 12th day of March, 1990, by the City Council of the City of
Chanhassen, Minnesota.
a::.~~~
DonaldJ. Chmiel ayor
ATTEST:
I-Q~ ~
Donald Ashworth, City Clerk/Manager
CH130-00S
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