EDA-2. Tax Increment Financing District #10
CITY OF
CHANHASSEN
7700 Market Boulevard
PO Box 147
Chanhassen, MN 55317
Administration
Phone: 952.227.1100
Fax: 952,227.1110
Building Inspections
Phone: 952,227,1180
Fax: 952.227.1190
Engineering
Phone: 952.227,1160
Fax: 952.227.1170
Finance
Phone: 952.227.1140
Fax: 952.227.1110
Park & Recreation
Phone: 952.227.1120
Fax: 952,227.1110
Recreation Center
2310 Coulter Boulevard
Phone: 952.227,1400
Fax: 952.227.1404
Planning &
Natural Resources
Phone: 952,227,1130
Fax: 952.227.1110
Public Works
1591 Park Road
Phone: 952,227,1300
Fax: 952.227,1310
Senior Center
Phone: 952.227.1125
Fax: 952,227,1110
Web Site
www.ci.chanhassen.mn.us
E OA -:l-
TO:
Todd Gerhardt, Executive Director
Laurie Hokkanen, Assistant Executive Director (l~
~.
FROM:
DATE:
February 1, 2010
SUBJ:
Request the City Council call for a Public Hearing on the proposed
Modification for the Downtown Redevelopment Project Area and
the proposed establishment of Tax Increment Financing District
#10.
PROPOSED MOTION
The Economic Development Authority requests that the City Council call for a
Public Hearing on the proposed Modification for the Downtown Redevelopment
Project Area and the proposed establishment of Tax Increment Financing District
#10.
BACKGROUND
As a part of the development of Chanhassen Station, the City signed a
redevelopment agreement with Bloomberg Companies. At that time we agreed to
create a Tax Increment Financing District (TIP). The purpose of the District is to
allow Bloomberg Companies to offset their Assessments for the road and utility
improvements occurring to facilitate Chanhassen Station and further development
of the property surrounding the Chanhassen Dinner Theatre.
The first step in the process of establishing a TIP District is to request that the
City Council call for a Public Hearing.
RECCOMENDA TION
Staff recommends that the EDA request the City Council call for a Public Hearing
on the proposed Modification for the Downtown Redevelopment Project Area and
the proposed establishment of Tax Increment Financing District #10.
ATTACHMENTS
1. Schedule of Events, prepared by Ehlers
Chanhassen is a Community for Life. Providing for Today and Planning for Tomorrow
CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY
CITY OF CHANHASSEN
COUNTIES OF CARVER AND HENNEPIN
STATE OF MINNESOTA
RESOLUTION NO.
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF
CHANHASSEN CALL FOR A PUBLIC HEARING ON A MODIFICATION TO THE
REDEVELOPMENT PLAN FOR THE DOWNTOWN CHANHASSEN
REDEVELOPMENT PROJECT AREA AND THE ESTABLISHMENT OF TAX
INCREMENT FINANCING DISTRICT NO. 10 (A REDEVELOPMENT DISTRICT)
THEREIN AND THE ADOPTION OF A TAX INCREMENT FINANCING PLAN
THEREFOR.
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Chanhassen Economic
Development Authority (the "EDA") as follows:
WHEREAS, the City Council ("Council") of the City of Chanhassen, Minnesota ("City") established
the Downtown Chanhassen Redevelopment Project Area pursuant to Minnesota Statutes, Minnesota
Statutes, Sections 469.174 through 469.1799, inclusive, as amended, in an effort to encourage the
development and redevelopment of certain designated areas within the City; and
WHEREAS, the EDA is proposing a Modification to the Redevelopment Plan for the Downtown
Chanhassen Redevelopment Project Area and the establishment of Tax Increment Financing District No.
10 therein and the adoption of a Tax Increment Financing Plan therefor, all pursuant to, and in accordance
with, Minnesota Statutes, Sections 469.174 through 469.1799 and Sections 469.090 to 469.1082,
inclusive, as amended;
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The EDA hereby requests that the Council call for a public' hearing on April 12, 2010, to consider the
proposed adoption of a Modification to the Redevelopment Plan for the Downtown Chanhassen
Redevelopment Project Area ("Redevelopment Plan Modification") and the proposed adoption of the
Tax Increment Financing Plan for Tax Increment Financing District No. 10 (the "TIP Plan"), a
redevelopment district, (the Redevelopment Plan Modification and the TIP Plan are referred to
collectively herein as the "Plans") and cause notice of said public hearing to be given as required by
law.
2. The EDA directs the Executive Director to transmit copies of the Plans to the Planning Commission
of the City and requests the Planning Commission's written opinion indicating whether the proposed
Plans are in accordance with the Comprehensive Plan of the City, prior to the date of the public
hearing.
3. The Executive Director of the EDA is hereby directed to submit a copy of the Plans to the Council
for its approval.
4. The EDA directs the Executive Director to transmit the Plans to the county and the school district(s)
in which Tax Increment Financing District No. 10 is located no later than March 12,2010.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plans and
related documents and to undertake other actions necessary to bring the Plan before the Council.
Approved by the Board on February 8, 2010.
Thomas A. Furlong, Chair
ATTEST:
Todd Gerhardt, Executive Director
SCHEDULE OF EVENTS
CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY
AND THE CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN
FOR THE DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA
AND THE PROPOSED ESTABLISHMENT OF
TAX INCREMENT FINANCING DISTRICT NO. 10
(a redevelopment district)
Draft as of Januarv 27, 2010
January 26, 2010 LHB report on redevelopment qualifications for parcels to be included in Tax
Increment Financing District No. 10 provided to Ehlers.
February 5, 2010 Project information (property identification numbers and legal descriptions, detailed
project description, maps, but/for statement, list of sources and uses of funds, and
estimated fiscal impacts of the project public improvements and on fire and police
protection) for drafting necessary documentation sent to Ehlers.
February 8, 2010 EDA requests that the City Council call for a public hearing on the proposed
Modification to the Redevelopment Plan for the Downtown Chanhassen
Redevelopment Project Area and the proposed establishment of Tax Increment
Financing District No. 10.
February 8, 2010 City Council calls for public hearing on the proposed Modification to the
Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area
and the proposed establishment of Tax Increment Financing District No. 10.
February 17, 2010 Ehlers confirms with the City whether building permits have been issued on the
property to be included in Tax Increment Financing District No. 10.
February 26, 2010* Project information submitted to the County Board for review of county road
impacts if necessary* (at least 45 days prior to public hearing). *The County Board,
by law, has 45 days to review the TIF Plan to determine if any county roads will be
impacted by the development. If the City staff believes that the proposed tax
increment financing district will not require unplanned county road improvements,
the TIF Plan will not be forwarded to the County Board 45 days prior to the public
hearing. Please be aware that the County Board could claim that tax increment
should be used for county roads, even after the public hearing. [If necessary, Ehlers
will fax and mail on February 26, 2010.]
March 2, 2010 Letter received by Carver County Commissioner gIvmg notice of potential
redevelopment tax increment financing district (at least 30 days prior to publication
of public hearing notice.) [Ehlers willfax and mail on or before March 2,2010.]
EHLERS
LEADERS IN PUBLIC fiNANCE
SCHEDULE OF EVENTS - PAGE 2
CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY
AND THE CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
FOR THE MODIFICATION TO THE REDEVELOPMENT PLAN
FOR THE DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA
AND THE PROPOSED ESTABLISHMENT OF
TAX INCREMENT FINANCING DISTRICT NO. 10
(a redevelopment district)
March 12,2010 Fiscal/economic implications received by School Board Clerk and County Auditor
(at least 30 days prior to public hearing). [Ehlers will fax & mail on or before
March 12, 2010.]
March 22, 2010 Ehlers conducts internal review of Plans.
April 1, 2010 Date of publication of hearing notice and map (at least 10 days but not more than 30
days prior to hearing). [Chanhassen Villager publication deadline, March 25,2010,
at 4:00 P.M - Ehlers will submit notice, map, and instructions to newspaper on or
before March 25,2010, via email atlegal@swpub.com.]
April 6, 2010 Planning Commission reviews the Plans to determine ifthey are in compliance with
the City's comprehensive plan.
April 12, 2010 EDA considers the Plans and passes a resolution adopting the Plans.
April12,2010 City Council holds public hearing at 7:00 P.M. on a Modification to the
Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area
and the establishment of Tax Increment Financing District No. 10 and passes a
resolution approving the Plans. [Ehlers will send Council packet information, via
email, to the City on or by April 2,2010.]
City Council passes resolution authorizing an interfund loan in connection with Tax
Increment Financing District No.1 O.
TBD Ehlers files TIF Plan with the MN Department of Revenue and the Office of the
State Auditor, and requests certification of Tax Increment Financing District No. 10
with Carver County.
An action under subdivision 1, para~raph (a), contesting the validity of a determination by an authority under section 469.175,
subdivision 3, must be commenced WIthin the later of:
(l) 180 days after the municipality's approval under section 469.175, subdivision 3; or
(2) 90 days after the request for certification of the district is filed with the county auditor under section 469.177, subdivision I.
EHLERS
LtADEU Iff PU8UC FINANCE
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February 2, 2010
Chanhassen Transit Station
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