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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Date May 22, 1989
Motion By Boyt
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Resolution No.
Johnson
Seconded By
RESOLUTION ADOPTING A MODIFIED
DEVELOPMENT PROGRAM FOR DEVELOPMENT
DISTRICT NO.2 AND 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.
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. It has been proposed that the City expand the boundaries of
Development District No.2 and of Tax Increment Financing District No. 2-1.
1.03. The Council has investigated the facts and has caused to be prepared
a modified Development Program for Development District No.2, describing the
additional actions to be undertaken by the City to aid the development of property
within Development District No.2, and has caused to be prepared a modified Tax
Increment Financing Plan describing the specific acts to be taken to assist
development within the expanded boundaries of Tax Increment Financing District
No. 2-1.
1.04. The City has performed all actions required by law to be performed
prior to the enlargement of Development District No. 2 and of Tax Increment
Financing District No. 2-1 and the adoption of a modified Development Program
and Tax Increment Financing Plan relating thereto, 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 Development Program for
Development District No.2 and the modified Tax Increment Financing Plan for Tax
Increment Financing District No. 2-1 for their consistency with the general plans
for development of the City; and holding a public hearing regarding the modified
Program and the Plan upon such notice as is required by law.
1.05. The modified Development Program and Tax Increment Financing
Plan are contained in a document entitled "Modified Development Program,
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Development District No. 2 and Modified Tax Increment Financing Plan, Tax
Increment Financing District No. 2-1, City of Chanhassen, Minnesota," dated
May 22, 1989, and on file in the office of the City Manager.
1.06. The City Council has fully reviewed the contents of the modified
Development Program and Tax Increment Financing Plan and has on this date
conducted a public hearing thereon at which the views of all interested persons
were heard.
Section 2. Findings Related to the Expansion of Development District No.2
2.01. The Council hereby finds that the expansion of Development District
No.2 is intended, and in the judgment of the Council, its effect will be to provide
an impetus for additional industrial development in the City, increase employment,
and otherwise promote the public purposes and objectives specified in the modified
Development Program.
2.02. It is further found and determined that:
a) The land added to Development District No. 2 would not be made
available for development without the public intervention and
financial assistance described in the modified Development Program
and Tax Increment Financing Plan;
The modified Development Program will afford maximum
opportunity, consistent with the sound needs of the City as a whole,
for the development of the District by private enterprise; and
b)
c) In accordance with the findings of the planning commission, the
modified Development Program conforms to the general plan for
development of the City as set forth in the City's comprehensive
plan.
Section 3. Findings Related to the Expansion of Tax Increment Financing
District No. 2-1.
3.01. It is the opinion of the Council that development of the properties
included within the expanded 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 an adequate access road
and that the use of tax increment financing is therefore necessary.
3.02. 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
com mission.
3.03. 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 the
expanded District by private enterprise.
3.04. The Council further finds that the enlargement of 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.
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3.05. 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 expansion of Tax Increment
Financing District No. 2-1.
3.06. The City Council hereby reaffirms its finding that Tax Increment
Financing District No. 2-1 is an economic development tax increment financing
district within the meaning of Minnesota Statutes Section 469.174, Subd. 12.
Section 4. Approval of the Modified Development Program and Tax
Increment Financing Plan.
4.01. The modified Development Program for Development District No.2
and the modified Tax Increment Financing Plan for Tax Increment Financing
District No. 2-1 are hereby approved and adopted.
4.02. The expanded boundaries of Development District No.2 and of Tax
Increment Financing District No. 2-1 are described in the modified Development
Program and modified Tax Increment Financing Plan therefor and are incorporated
herein by reference.
4.03. The City elects to be governed by Minnesota Statutes Section 469.177,
Subd. 3 with regard to fiscal disparities for expanded Tax Increment Financing
District-No. 2-1.
4.04. The City Manager is authorized and directed to transmit a certified
copy of this resolution together with a certified copy of the modified Development
Program and Tax Increment Financing Plan to the auditor of Carver County with a
request that the original tax capacity of the property hereby added to Tax
Increment Financing District No. 2-1 be certified to the City pursuant to Section
469.177, Subd. 1 of the Tax Increment Financing Act and to file a copy of the
modified Development Program and modified Tax Increment Financing Plan with
the Minnesota Commissioner of Trade and Economic Development.
DA TED:
May 22
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Donald Chmiel, yor
ATTEST:
AQ
Donald Ashworth, City Clerk Manager
CH130-011
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