94-31 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Date March 14, 1994
Motion By
Resolution No.
94-31
Wing Seconded By Mason
RESOLUTION APPROVING MODIFICATION NO. 13 TO
THE REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN
FOR THE CHANHASSEN DOWNTOWN REDEVELOPMENT PROJECT
BE IT RESOLVED By the City Council of the City of Chanhassen, Minnesota
as follows:
Section 1. Recitals.
1.01. The Housing and Redevelopment Authority in and for the City of
Chanhassen (Authority) and the City Council of the City of Chanhassen (City)
approved a redevelopment project for the downtown Chanhassen area (Project) and
adopted a redevelopment plan and tax increment financing plan (Plan) for same on
November 29, 1977, and December 19, 1977, respectively.
1.02. Due to changes in the focus of the Plan and alterations in the
boundaries of the Project, the Plan has been the subject of twelve modifications since
its adoption in 1977.
1.03. Changes and additions to the public and private improvements to be
constructed in the Project have prompted the need for another modification to the
Plan.
1.04. In response to these changes, the Authority has authorized the
preparation of a modified Plan, which is contained in a document entitled
"Redevelopment Plan and Tax Increment Financing Plan for Downtown Chanhassen
Redevelopment Area, Housing and Redevelopment Authority in and for the City of
Chanhassen, Modification No. 13," dated March 14, 1994, and now on file with the
Authority.
1.05. The Authority on February 24, 1994, approved the modified Plan for the
Project and referred it to the Council for public hearing.
1.06. In accordance with Minnesota Statutes, sections 469.174 through
469.179 (TIF Act), the modified Plan was referred to the Chanhassen planrdng
commission which on March 2, 1994, found that it conforms to and is not in coru"lict
with the general plan for redevelopment of Chanhassen as a whole.
1.07. Copies of the modified Plan have been forwarded to Independent School
District No. 112 and Carver County along with a notice of a public hearing to be held
by the City on March 14, 1994, as required by the TIF Act.
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1.08. The City has fully reviewed the contents of the modified Plan and has
this date conducted a public hearing thereon at which the views of all interested
persons were heard.
Section 2. Findings; Redevelopment Project.
2.01. It is hereby found and determined that within the Project there exist
conditions of economic obsolescence, physical deterioration, underutilization and
inappropriate uses of land.
2.02. It is further specifically found and determined that:
a.
the land in the Project would not be made available for
redevelopment without the public intervention and financial
assistance described in the modified Plans;
b.
the modified Redevelopment Plan for the Project will afford
maximum opportunity, consistent with the sound needs of
Chanhassen as a whole, for the redevelopment of the Project by
private enterprise;
C.
the modified Redevelopment Plan conforms
development plan of Chanhassen as set
comprehensive municipal plan.
to the general
forth in the
2.03. The findings in this section are made in compliance with section
469.028, subdivision 2 of the Housing and Redevelopment Authorities Act (Act) for
the purpose of showing the City's intent to exercise, in conjunction with the
Authority, the powers granted to the City and the Authority by the Act.
Section 3. Findings; Tax Increment Financing District.
3.01. It is found and determined that it is necessary and desirable to the
sound and orderly development and redevelopment of the Project and Chanhassen as
a whole, and for the protection and preservation of the public health, safety, and
general welfare, that the authority of the TIF Act be exercised by the Authority and
the City to provide public financial assistance within the Project.
3.02. It is further found and determined, and it is the reasoned opinion of the
Authority and the City, that the redevelopment proposed in the modified Plan could
not reasonably be expected to occur solely through private investment Within the
reasonably foreseeable future and that therefore the use of tax increment financing
is necessary.
3.03. The modified Plan conforms to the general plan for redevelopment of
Chanhassen as a whole.
3.04. The proposed public improvements to be financed largely through tax
increment financing are necessary to permit the Authority and the City to realize the
full potential of the Project in terms of development intensity, employment
opportunities and tax base.
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3.05. The modified Plan will afford maximum opportunity, consistent with the
sound needs of Chanhassen as a whole, for the redevelopment of the Project by
private enterprise.
3.06. Nothing contained herein constitutes an election on the part of the
Authority or City to proceed with the Project under sections 469.174 through 469.178
of the TIF Act, except to the extent required by section 469.179.
Section 4. Adoption of Modification No. 131 Filing.
4.01. The modified Plan is hereby approved and adopted. The modified Plan
incorporates by reference the original Plan and all subsequent amendments thereto,
except as the modified Plan explicitly or by reasonably necessary implication
conflicts with the original Plan or any of the first twelve amendments thereto.
4.02. The geographic boundaries of the Project area have been expanded by
this modification and are now as described in the modified. Plan. The modified Plan
has not changed the boundaries of the TIF district.
4.03. The Authority is requested to file a copy of the modified Plan with the
Minnesota department of revenue.
4.04. The City may at the appropriate time take action to issue and sell its
general obligation bonds pursuant to the TIF Act to finance public redevelopment
costs identified in the modified Plan.
4.05. The city clerk is authorized and directed to transmit a certified copy
of this resolution to the Authority.
DATED: , 1994
~onal-d C~fcrl~l ~afrS-r~ r ~
ATTEST:
Donald Ashworth,~-it~ Clerk/Manager
YES
Chmiel
Dockendorf
Mason
Win9
NO
Senn
ABSENT
None
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