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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Date
June 27, 1988
88-63
Resolution No.
Motion By
Boyt
Horn
Seconded By
RESOLUTION ADOPTING A
DEVELOPMENT PROGRAM FOR DEVELOPMENT
DISTRICT NO. 2 AND A 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 It has been proposed that the City adopt 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 accord-
ance with Minnesota Statutes, Sections 469.124 through 469.134 and Minnesota
Statutes, Sections 469.174 through 469.179.
1.02 The Council has investigated the facts and has caused to be
prepared a Development Program for Development District No.2, describing the
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 Tax Increment
Financing Plan describing the specific acts to be taken to assist development
within Tax Increment Financing District No.2-I.
1.03 The City has performed all actions required by law to be performed
prior to the establishment of Development District No. 2 and of Tax Increment
Financing District No. 2-1 and the adoption of a 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 Development Program for
Development District No. 2 and the 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
Program and the Plan upon such notice as is required by law.
1.04 The Development Program and Tax Increment Financing Plan are
contained in a document entitled "Development Program, Development District
No. 2 and Tax Increment Financing Plan, Tax Increment Financing District
No.2-I, City of Chanhassen, Minnesota", dated May 23, 1988, and on file in
the office of the City Manager.
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1.05 The City Council has fully reviewed the contents of the 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 Establishment of Development District
No . 2.
2.01 The Council hereby finds that the establishment of Development
District No. 2 is intended, and in the judgment of the Council, its effect
will be to provide an impetus for commercial development in the City, increase
employment, and otherwise promote the public purposes and objectives specified
in the Development Program.
2.02 It is further found and determined that:
a) The land in Development District No. 2 would not be made available
for development without the public intervention and financial
assistance described in the Development Program and Tax Increment
Financing Plan;
b) The 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
c)
In accordance with the findings of the planning commission, the
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 Establishment of Tax Increment
Financing District No.2-I.
3.01 It is the opinion of the Council that development of the properties
included within 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 roadways in the immediate
vicinity and that the use of tax increment financing is therefore necessary.
3.02 The Council finds that the 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.
3.03 The Council finds that the 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
District by private enterprise.
3.04 The Council further finds that the establishment 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 Tax Increment Financing Plan.
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3.05 The City Council has relied upon the opinions and recommendations
of its staff, consultants and planning commission and the personal knowledge
of the members of the council in reaching its conclusions regarding Tax
Increment Financing District No.2-I.
3.06 The City Council finds 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.
Financing Plan.
Approval of the Development Program and Tax Increment
4.01 The Development Program for Development District No. 2 and the Tax
Increment Financing Plan for Tax Increment Financing District No. 2-1 are
hereby approved and adopted.
4.02 The geographic boundaries of Development District No. 2 and of Tax
Increment Financing District No. 2-1 are described in the Development Program
and 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 Tax Increment
Financing District No.2-I.
4.04 The City Manager is authorized and directed to transmit a certified
copy of this resolution together with a certified copy of the Development
Program and Tax Increment Financing Plan to the Auditor of Carver County with
a request that the original assessed valuation of the property within 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 Development Program and Tax Increment Financing Plan with the Minnesota
Commissioner of Trade and Economic Development.
4.05 The City may at the appropriate time take action
its general obligation bonds pursuant to the Tax Increment
finance the public costs identified in the Development
Increment Financing Plan.
to issue and sell
Financing Act to
Program and Tax
DATED:
June 27
L
, 1988.
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Thomas L.
ATTEL1Qa:~
Donald Ashworth, City Clerk/Manager
0511RE09.E40
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