90-139
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CITY OF, CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Date October 22, 1990
Resolution No.
90-139
Motion By
Johnson
Seconded By
Oimler
RESOLUTION ADOPTING A MODIFIED
TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT NO. 2-1
BE IT RESOLVED By the City Council (the Council) of the City of
Chanhassen, Minnesota (the City) as follows:
Section 1. Recitals.
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1.01. On October 10, 1988, the City adopted a Development Program for
Development District No.2 and a Tax Increment Financing Plan for Tax Increment
Financing District No. 2-1 therein, all pursuant to and in accordance with
Minnesota Statutes Section 469.124 through 469.134 and Minnesota Statutes
Sections 469.174 through 469.179.
1.02. On May 22, 1989, the City adopted a modified Development Program
for Development District No.2 and a modified Tax Increment Financing Plan for
Tax Increment Financing District No. 2-1 and thereby expanded both districts.
1.03 It has been proposed that the City again modify the Tax Increment
Financing Plan for Tax Increment Financing District No. 2-1 to authorize
expenditures for additional public improvements. The Council has investigated the
facts and has caused to be prepared a modified Tax Increment Financing Plan
describing the specific public improvements to be constructed within Development
District No.2.
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1.04. The City has performed all actions required by law to be performed
prior to the adoption of a modified Tax Increment Financing Plan, including, but
not limited to, notification of Carver County and Independent School District No.
112; a review by the City planning commission of the modified Tax Increment
Financing Plan for Tax Increment Financing District No. 2-1 for its consistency
with the general plans for development of the City; and holding a public hearing
regarding the modified Plan upon such notice as is required by law.
1.05. The modified Tax Increment Financing Plan is contained in a
document entitled "Modified Tax Increment Financing Plan, Tax Increment
Financing District No.2-I, City of Chanhassen, Minnesota," dated October 22,
1990, and on file in the office of the City Manager.
1.06. The City Council has fully reviewed the contents of the modified Tax
Increment Financing Plan and has on this date conducted a public hearing thereon
at which the views of all interested persons were heard.
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Section 2. Findings Related to the Modification of the Plan for Tax
Increment Financing District No. 2-1.
2.01. It is the opinion of the Council that development of the properties
included within the boundaries of Tax Increment Financing District No. 2-1 would
not reasonably be expected to occur solely through private investment within the
reasonably foreseeable future due to the lack of adequate public improvements and
that the use of tax increment financing is therefore necessary.
2.02. The Council finds that the modified Tax Increment Financing Plan for
Tax Increment Financing District No. 2-1 conforms to the general plan for
development of the City, based upon the recommendations of the planning
commission.
2.03. The Council finds that the modified Tax Increment Financing Plan for
Tax Increment Financing District No. 2-1 will afford maximum opportunity,
consistent with the sound needs of the City as a whole, for development of
Development District No.2 by private enterprise.
2.04. The Council further finds that the modification of the Tax Increment
Financing Plan for Tax Increment Financing District No. 2-1 is intended, and in the
jUdgment of the Council, its effect will be to promote the public purposes and
accomplish the objectives specified in the modified Tax Increment Financing Plan.
2.05. The City Council has relied upon the opinions and recommendations of
its staff and planning commission and the personal knowledge of the members of
the Council in reaching its conclusions regarding the modification of the Plan for
Tax Increment Financing District. No. 2-1.
Section 3. Approval of the Modified Tax Increment Financing Plan.
3.01. The modified Tax Increment Financing Plan for Tax Increment
Financing District No. 2-1 is hereby approved and adopted..
3.02. The boundaries of Development District No.2 and of Tax Increment
Financing District No. 2-1 remain as described in the modified Development
Program and modified Tax Increment Financing Plan adopted on May 22, 1989.
3.03. The City Manager is authorized and directed to transmit a certified
copy of this resolution together with a certified copy of the modified Tax
Increment Financing Plan to the auditor of Carver County and to file a copy of the
modified Tax Increment Financing Plan with the Minnesota Commissioner of Trade
and Economic Development.
DATED: October 22, 1990.
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ATTEST:
DOnalgort~ager
CH130-011
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