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94-45 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: April 11, 1994 RESOLUTION NO: 94-45 MOTION BY: Dockendoff SECONDED BY: Wing A RESOLUTION CALLING FOR PREPARATION OF A DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 3 AND A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-1; CALLING FOR A PUBLIC HEARING THEREON WHEREAS, the City Council of the City of Chanhassen (the "City") has previously utilized the authority of Minnesota Statutes, Sections 469.124 through 469.134 (the "City Development District Act") and Minnesota Statutes, Sections 469.174 through 469.179 (the "TIF Act") in order to promote development and redevelopment in portions of the community which had not developed to their potential through private activities; and WHEREAS, the City wishes to establish another City development district ("Development District No. 3") and tax increment financing district CTIF District No. 3-1") in an area of the City which needs public assistance in order to develop to its full potential. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen, Minnesota as follows: Holmes & Graven, Chartered is hereby authorized and directed to prepare a program (the "Program") for Development District No. 3 and a plan (the "Plan" or the "TIF Plan") for TIF District No. 3-1. . The City clerk shah prepare a notice of public hearing on the Program and the Plan and shall cause the notice to be published 10 to 30 days prior to the hearing in the official newspaper. 3~ A copy of the Development District Program and of the TIF Plan and notice of the time and place of the public hearing shall be sent to the school district and to the boards of Hennepin and Carver Counties at least 30 days prior to the hearing. . A copy of the Program and the Plan shall be submitted to the Planning Commission with a request that the Planning Commission consider whether the documents are consistent with the plans for development of Chanhassen in general. . The City Council shall hold the public hearing on the Program and the Plan following mailed and published notice as required by law, on May 23, 1994 at 7:30 p.m. in the council chambers at City Hall. e The city staff and consultant are hereby authorized and directed to take any and all other actions reasonably necessary in order to accomplish these purposes. Passed and adopted by the Chanhassen City Council this 1 l th day of April, 1994. ATTEST: Don Ashworth, City Clerl~Ianager YES NO ABSENT Chmiel Mason Senn Wing Dockendorf None None