1l. Public Hearing on Modification of Dev District #2 and Tax Increment Financing 1 .1
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cRANBAssEs,
I690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937-1900
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IMEMORANDUM _.� ,_.-�. _
TO: Don Ashworth, City Manager ,,,,,•,,,,;, , :A„4
1 FROM: Todd Gerhardt, Assistant City Manager
DATE: April 5 , 1989 -- /` -- l-
SUBJ: Approve Resolution Calling for a Public Hearing Modifying
II Development District No. 2 and Tax Increment Financing
District No. 2-1.
1 In accordance with state law, the City Council must adopt a reso-
lution establishing a public hearing date for modification of the
development district and tax increment district. Attached please
1 find a resolution prepared by Ron Batty of the LeFevere-Lefler
Law Firm, establishing May 22, 1989 as the public hearing date
for said modification ( see Attachment #2) .
1 As required by state law, the Planning Commission is required to
review the proposed tax increment plans and will do so on May 3 ,
1989.
1 Recommendation
1 It is recommended that the City Council adopt the resolution as
presented in Attachment #1.
IAttachments
1 . Proposed Resolution
1 2 . Map of the New District Boundaries
Manager' s Comments: Calling for a hearing to amend the official
I "Tax Increment Plan for District No. 2" authorizes staff to pre-
pare the specific amendments proposed to that plan document, i .e.
potential values which may be gained if the district is expanded,
1 potential costs of such, improvements to be considered, and any
other information germane to taxes/revenues/ expenditures .
Although monies may be expended in preparing the Plan modifica-
tion, such is the only way that a true analysis of the overall
Ieconomic impact of the extension can be completed. Calling for
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1 Manager ' s Comment
Page 2
the public hearing does not obligate the Council to expand the
district nor to carry out any of the improvements proposed in the
' draft plan.
Approval of calling the hearing and therefore generating the data
' necessary for the plan amendment is recommended. Costs of pre-
paring the draft plan amendment are anticipated to be approximately
$200 to $300 .
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
' Date Resolution No.
Motion By Seconded By
RESOLUTION CALLING FOR A PUBLIC
' HEARING ON THE MODIFICATION OF
DEVELOPMENT DISTRICT NO. 2 AND
TAX INCREMENT FINANCING DISTRICT NO. 2-1
WHEREAS, the City Council of the City of Chanhassen has previously
' established a Development District (Development District No. 2) pursuant to
Minnesota Statutes, Sections 469. 124 through 469.134 and a Tax Increment
IFinancing District (TIF District No. 2-1) pursuant to Minnesota Statutes,
Sections 469. 174 through 469.179; and
WHEREAS, the City Council wishes to expand the boundaries of both Devel-
opment District No. 2 and TIF District No. 2-1 in order to assist additional
development.
NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of
Chanhassen, Minnesota as follows:
1. LeFevere, Lefler, Kennedy, O'Brien & Drawz, P.A. is hereby authorized and
directed to prepare a modified Development District Program (Program) and
' modified Tax Increment Financing Plan (Plan) for the project.
2. The City Manager is hereby authorized and directed to submit the modified
Program and Plan to the school board and to Carver county for comment.
' 3. The City Manager is hereby authorized and directed to submit the modified
Program and Plan to the planning commission for review and comment.
' 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 , 1989, at p.m.
,47/4aCti i #0l
in the council chambers on the modified Program and Plan and that such
notice be published in the newspaper at least 10 but more than 30 days
prior to the public hearing.
5. The city staff and consultants shall take such other actions as may be
reasonably necessary to bring the modified Program and Plan before the
City Council at the public hearing.
' Passed this day of , 1989, by the City Council of the
City of Chanhassen, Minnesota.
Thomas L. Hamilton, Mayor
ATTEST:
Donald Ashworth, City Clerk/Manager
A:0511RE14.E40
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