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2021-06CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: February 8, 2021 RESOLUTION NO: 2021-06 MOTION BY: McDonald SECONDED BY: Campion RESOLUTION CALLING FOR A PUBLIC HEARING TO ESTABLISH TAX INCREMENT FINANCING DISTRICT NO.12. WHEREAS, the City of Chanhassen, Minnesota (the "City") has heretofore established its Downtown Chanhassen Redevelopment Project Area (the "Project Area") and adopted the Redevelopment Plan therefore; and WHEREAS, the City Council (the "Council") of the City intends to consider establishing Tax Increment Financing District No. 12 (the "TIF District") as a housing district within the Project Area and adoption of a Tax Increment Financing Plan (the "TIF Plan") for the purposed of financing certain improvements within the Proj ect Area; NOW THEREFORE, BE IT RESOLVED by the Council of the City as follows: Section 1. Public Hearing. This Council shall meet on March 22, 2021, at approximately 7:00 P.M., to hold a public hearing on the proposed adoption of a Modification to the Redevelopment Plan (the "Redevelopment Plan Modification") for the Project Area, establishment of the TIF District therein and adoption of the TIF Plan therefor (the Redevelopment Plan Modification and TIF 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 469.1794, 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 the Chanhassen Economic Development Authority (the "EDA") and 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 Interim 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 March 22, 2021, and to place a copy of the Plans on file in the EDA Executive Director's office at City Hall and to make such copy available for inspection by the public. ATT S . Bather Johnston. erim City Mana r Elise Ryan, Mayor YES NO ABSENT Ryan McDonald Rehm Schubert Campion