1f. Call for Public Hearing TIF 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: 952,227.118IJ
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
4
TO:
Todd Gerhardt, City Manager
JJlJ~ ,'\
;1
Laurie Hokkanen, Assistant City Manager . ~
February 1, 2010 tJ~ .
FROM:
DATE:
SUBJ:
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 Chanhassen City Council calls 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 call for a Public
Hearing.
RECCOMENDA TION
Staff recommends 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, as called for by the
Economic Development Authority.
Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow
CITY OF CHANHASSEN
COUNTIES OF CARVER AND HENNEPIN
STATE OF MINNESOTA
RESOLUTION NO.
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL
ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE
REDEVELOPMENT PLAN FOR THE DOWNTOWN CHANHASSEN
REDEVELOPMENT PROJECT AREA AND THE PROPOSED
ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 10
THEREIN AND THE ADOPTION OF A TAX INCREMENT FINANCING PLAN
THEREFOR.
BE IT RESOLVED by the City Council (the "Council") for the City of Chanhassen, Minnesota (the
"City"), as follows:
Section 1. Public Hearing. This Council shall meet on April 12, 2010, at approximately 7:00
P.M., to hold a public hearing on the proposed adoption of a Modification to the Redevelopment Plan for
the Downtown Chanhassen Redevelopment Project Area (the "Redevelopment Plan Modification"), the
proposed establishment of Tax Increment Financing District No. 10 (a redevelopment district), and the
proposed adoption of a Tax Increment Financing Plan (the "TIP Plan") therefor (the Redevelopment Plan
Modification and the TIP Plan are referred to collectively herein as the "Plans", all pursuant to and in
accordance with Minnesota Statutes, Sections 469.090 to 469.1082, and Sections 469.174 to 469.1799,
inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated
areas within the City; and
Section 2. Notice of Public Hearing, Filing of Plans. City staff is authorized and directed to
work with Ehlers & Associates, Inc., to prepare the Plans and to forward documents to the appropriate
taxing jurisdictions including Carver County and Independent School District No. 112. The City
Manager is authorized and directed to cause notice of the hearing, together with an appropriate map as
required by law, to be published at least once in the official newspaper of the City not later than 10, nor
more than 30, days prior to April 12, 2010, and to place a copy of the Plans on file in the City Manager's
office at City Hall and to make such copy available for inspection by the public.
Dated: February 8, 2010
Adopted:
Thomas A. Furlong, Mayor
ATTEST:
Todd Gerhardt, City Manager