1l. Modification to TIF district No. 2 _ .
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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-..
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Modified
Rejecte�a--�- —.
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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.
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CITY OF CHANHASSEN
ICARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
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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
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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
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