Loading...
1l. Modification to TIF district No. 2 _ . _ 1 . CITYOF Le . ) - , ..,::, , cHANHAssEN 1 . .. . • ,.,. . : . F ' '' , Ij , I :. 690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317 (612) 937-1900 • FAX (612) 937-5739 ` Action by City Administrator I MEMORANDUM Endorsed-.. —_ Modified Rejecte�a--�- —. Detect --= ITO: Don Ashworth, City Manager Date Submitted to Commission FROM: Todd Gerhardt, Assistant City Manager .7b/ Date Sobmr±ted to Count@ IIDATE: January 18, 1990 f • ; E 0 SUBJ: Establishing a Public Hearing Date for the Modification to IIDevelopment District No. 1 and TIF District No. 2 I The City Council at their January 8, 1990 meeting adopted a reso- lution approving the special legislation for TIF District No. 2 and Development District No. 1. By approving this resolution, the I City will be allowed to collect increment over the next three years. However, the Tax Increment Financing Plan also needs to be modified to reflect the changes of overall redevelopment objectives that will occur within this district. IIAttached is a resolution calling for a public hearing regarding the modification being proposed and establishing March 12, 1990 I as the public hearing date. Staff will be working closely with Ron Batty of Holmes and Graven to make the necessary changes and meeting dates with the school boards and Carver and Hennepin I County Boards for their comments regarding the proposed changes. Recommendation I Staff recommends approval of the resolution calling for a public hearing on March 12, 1990 on the modification of the program for Development District No. 1 and the plan for Tax Increment IFinancing District No. 2. Attachments I 1. Ron Batty' s letter dated December 27, 1989. 2. Resolution calling for the public hearing. I II II I v 1 CITY OF CHANHASSEN ICARVER AND HENNEPIN COUNTIES, MINNESOTA RESOLUTION I Date Resolution No. IMotion By Seconded By IRESOLUTION CALLING FOR A PUBLIC HEARING ON THE MODIFICATION OF THE PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE PLAN FOR ITAX INCREMENT FINANCING DISTRICT NO. 2 IWHEREAS, the City Council of the City of Chanhassen (City) has previously established Development District No. 1 pursuant to Minnesota Statutes, Sections I469.124 through 469.134 and Tax Increment Financing District No. 2 pursuant to Minnesota Statutes, Sections 469.174 through 469.179; and IWHEREAS, the City wishes to modify the program (Program) for IDevelopment District No. 1 and the plan (Plan) for Tax Increment Financing District No. 2 in connection with the extension of the duration of the TIF district Iauthorized by the Minnesota Legislature in 1989. NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of IChanhassen, Minnesota as follows: I 1. Holmes do Graven, Chartered is hereby authorized and directed to prepare a modified Program and Plan for the project. 2. The City Manager is hereby authorized and directed to submit I the modified Program and Plan to the School Board and to the Carver and Hennepin County Boards for comment. I 3. The City Manager is hereby authorized and directed to submit the modified Program and Plan to the Chanhassen Planning Commission for review and comment. I 4. The City Manager is authorized and directed to prepare a notice for publication in the official newspaper setting a public hearing before the City Council on the day of , 1990 at 1 p.m. in the Council chambers on the modified Program and Plan and that 1 1 I such notice be published in the newspaper at least ten (10) but more than thirty (30) days prior to the public hearing. 1 5. City staff and consultants are authorized and directed to take such other actions as are reasonably necessary to bring the amended Program and Plan before the City Council at the public hearing. Passed this day of , 1990 by the City Council of the City of Chanhassen, Minnesota. Donald J. Chmiel Mayor ATTEST: Donald Ashworth City Clerk/Manager I, I 2 1