10. Call Public Hearing to Create Development District 3 and Plan for Tax Increment Financing District 3-11
7
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F1
MEMORANDUM
CITY OF
CHANHASSEN
690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937 -1900 • FAX (612) 937 -5739
TO: Don Ashworth, City Manager
FROM: Todd Gerhardt, Assistant City Manager �.
DATE: April 5, 1994
Action by City AdrtgtilMiOn
6ndorsA
Fteiec *� —
!late Sjjmi;ted to Commission
Data c- `,_ ttel to Council
�-�V
SUBJ: Consider Establishing a Public Hearing for Creating a new Development District No. 3
and Plan for Tax Increment Financing District No. 3 -1
Attached for the city council's consideration is a resolution calling for a public hearing and preparation
of a development program for Development District No. '3 and a Tax Increment Financing Plan for District
No. 3 -1 (see Attachment #1). The proposed district is located in Hennepin County and a portion of the
development district would extend north along State Highway 101 (see Attachment #2). The properties
that are included in the Tax Increment Financing District No. 3 -1 are the Banta Corporation (The Press
facility) and DataSery properties. Currently The Press is in the process of expanding their facility by
adding a 40,000 sq. ft. addition on the east side of their building. Staff has also met with DataSery
representatives and they are requesting assistance from the city in developing their property.
The benefits for the city in creating this district are as follows:
1. Provide employment opportunities within the city.
2. Improve the tax base of the city and the general economy of the city and state.
3. Implement relevant portions of Chanhassen's Highway 5 Corridor Plan.
4. Completion of the city's portion of Dell Road south of Highway 5.
5. Assist with the planning and reconstruction of State Highway 101.
f
RECOMMENDATION
The city council should establish May 23, 1994 as the public hearing date to consider the adoption of the
Program for Development District No. 3 and Plan for Tax Increment Financing District No. 3 -1. Staff
should also be directed to prepare a program and plan for both the Development District and the TIF
District.
ATTACHMENTS
1. Resolution
2. Map
APR. 0`5 '94 16:33 HOLMES & GRRVEN P.
�I
CITY OF CHANHASSEN
1 CARVER AND HENNEPIN COUNTIES, MINNESOTA
Date
Resolution No.
Motion by
Seconded by
RESOLUTION CALLING FOR PREPARATION OF A
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT
NO. 3 AND A TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT NO. 3 -1;
CALLING FOR A PUBLIC HEARING THEREON
WHEREAS, the city council of the City of Chanhassen (the "City ") has
' previously utilized the authority of Minnesota Statutes sections 469.124 through
469.134 (the "City Development District Act ") and Minnesota Statutes sections
469.174 through 469.179 (the "TIF Act ") in order to promote development and
redevelopment in portions of the community which had not developed to their
' potential through private activities; and
' WHEREAS, the City wishes to establish another City development district
( "Development District No. 3 and tax increment financing district ( "TIF District
' No. 3 -1 ") in an area of the city which needs public assistance in order to develop to
its full potential.
NOW, THEREFORE, BE IT RESOLVED, by the city council of the City of
Chanhassen, Minnesota as follows:
1. Holmes & Graven, Chartered is hereby authorized and directed to
prepare a program (the "Program ") for Development District No. 3 and
a plan (the "Plan" or the "TIC' Plan ") for TIF District No. 3 -1.
2. The city clerk shall prepare a notice of public hearing on the Program
and the Plan and shall cause the notice to be published 10 to 30 days
prior to the hearing in the official newspaper.
3. A copy of the Development District Program and of the TIF Plan and
' notice of the time and place of the public hearing sha11 be sent to the
school district and to the boards of Hennepin and Carver Counties at
least 30 days prior to the hearing.
' 4. A copy of the Program and the Plan shall be submitted to the planning
commission with a request that the planning commission consider
RH86' /6S9
03130 -34
AFR 05 '94 16 :34 HOLMES & GRAVEN
P J
whether the documents are consistent with the plans for development
of Chanhassen in general.
5. The city council shall hold the public hearing on the Program and the
Plan following mailed and published notice as required by law, on May
23, 1994 at _ p.m. in the council chambers at city hall.
6. The city staff and consultant are hereby authorized and directed to
take any and all other actions reasonably necessary in order to
accomplish these purposes.
Dated: , 1994
Donald Chzniel, Mayor
ATTEST:
Donald Ashworth, City Clerk- Manager
F
RM67659
CH130 -34
APR 05 '94 16 :34 HOLMES & GRAVEN
1
NOTICE OF PUBLIC HEARING
ADOPTION OF PROGRAM FOR DEVELOPMENT DISTRICT
NO. 3 AND PLAN FOR TAX INCREMENT FINANCING
' DISTRICT NO. 3 -1
CITY OF CHANHASSEN
P.4
NOTICE IS HEREBY GIVEN, that the City Council of the City of Chanhassen
will hold a public hearing on
Monday, May 23, 1994
'
at p.m. in the Council chambers at City Tall , 694 Coulter Drive. The purpose
of the hearing is to discuss adoption of a Program for Development District No. 3 and
' a Plan for Tax Increment Financing istrict No. 3 -1. Copies of the Pro and Plan
g p Program
' are available for public inspection at Chanhassen City Hall during regular business
hours. The following map shows the general boundaries of the proposed
t Development District and TIF District:
i
Any person wishing to express an opinion on the matters to be considered at
the public hearing will be heard orally or in writing.
' Dated: , 1994
BY ORDER OF THE CITY COUNCIL
City Manager
' RU67650
CE130 -3d
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Hoisington Koegler Group Inc.
7300 Metro Blvd. • Suite 525
Minneapolis, MN 55439 • (612)835.9960
Chanhassen, MN