92-35 A CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
Date M~rc.h 9, 1992 Resolution No.
Motion By Workman
Seconded By
92-35A
Mason
RESOLUTION ADOPTING A MODIFIED
DEVELOPMENT PROGRAM FOR DEVELOPMENT
DISTRICT NO. 2 AND MODIFIED TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING
DISTRICT NO. 2-1
BE IT RESOLVED By the City Council (the Council) of the City of
Chanhassen, Minnesota (the City) as follows:
Section 1. Recitals.
1.01. On October 10, 1988, the City adopted a Development Program for
Development District No. 2 and a Tax Increment Financing Plan for Tax Increment
Financing District No. 2-1 therein, all pursuant to and in accordance with Minnesota
Statutes Section 469.124 through 469.134 and Minnesota Statutes Sections 469.174
through 469.179.
1.02. On May 22, 1989, the boundaries of Development District No. 2 were
expanded and the Program accordingly modified.
1.03. On May 22, 1989, the boundaries of Tax Increment Financing District
No. 2-1 were expanded and the Plan modified and the Plan for Tax Increment
Financing District No. 2-1 was again modified on October 22, 1990.
1.04. It has been proposed that the City again expand the boundaries of
Development District No. 2 and modify the Plan for Tax Increment Financing District
No. 2-1 in order to authorize financing of additional public expenditures within
Development District No. 2.
1.05. The Council has investigated the facts and has caused to be prepared
a modified Development Program for Development District No. 2 and a modified Plan
for Tax Increment Financing District No. 2-1, describing the additional actions to
be undertaken by the City to aid the development of property within Development
District No. 2.
1.06. The City has performed all actions required by law to be performed
prior to the enlargement of Development District No. 2 and the modification of the
Plan for Tax Increment Financing District No. 2-1, including, but not limited to,
notification of Carver County and Independent School District No. 112; a review by
the City planning commission of the modified Development Program for Development
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District No. 2 and the modified Tax Increment Financing Plan for Tax Increment
Financing District No. 2-1 for their consistency with the general plans for
development of the City; and holding a public hearing regarding the modified
Program and Plan upon such notice as is required by law.
1.07. The modified Development Program and Tax Increment Financing Plan
are contained in a document entitled "Modified Development Program, Development
District No. 2 and Modified Tax Increment Financing Plan, Tax Increment Financing
District No. 2-1, City of Chanhassen, Minnesota," dated March 9, 1992, and on file
in the office of the City Manager.
1.08. The City Council has fully reviewed the contents of the modified
Development Program and Tax Increment Financing Plan and has on this date
conducted a public hearing thereon at which the views of all interested persons were
heard.
Section 2. Findings Related to the Expansion of Development District No. 2
2.01. The Council hereby finds that the expansion of Development District
No. 2 is intended, and in the judgment of the Council, its effect will be to provide
an impetus for additional industrial development in the City, increase employment,
and otherwise promote the public purposes and objectives specified in the modified
Development Program.
2.02. It is further found and determined that:
a)
The land added to Development District No. 2 would not be made
available for development without the public intervention and financial
assistance described in the modified Development Program and Tax
Increment Financing Plan;
b)
The modified Development Program will afford maximum opportunity,
consistent with the sound needs of the City as a whole, for the
development of the District by private enterprise; and
c)
In accordance with the findings of the planning commission, the
modified Development Program conforms to the general plan for
development of the City as set forth in the City's comprehensive plan.
Section 3. Findings Related to the Modification of the Plan for Tax Increment
Financing District No. 2-1.
3.01. It is the opinion of the Council that development of the properties
included within the boundaries of Tax Increment Financing District No. 2-1 would
not reasonably be expected to occur solely through private investment within the
reasonably foreseeable future due to the lack of an adequate access road and that the
use of tax increment financing is therefore necessary.
3.02. The Council finds that the modified Plan for Tax Increment Financing
District No. 2-1 conforms to the general plan for development of the City, based
upon the recommendations of the planning commission.
3.03. The Council finds that the modified Plan for Tax Increment Financing
District No. 2-1 will afford maximum opportunity, consistent with the sound needs
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of the City as a whole, for development of the expanded District by p~ivate
enterprise.
3.04. The Council further finds that the authorization for additional public
expenditures and other changes reflected in the modified Plan for Tax Increment
Financing District No. 2-1 are intended, and in the judgment of the Council, their
effect will be to promote the public purposes and accomplish the objectives specified
in the modified Tax Increment Financing Plan and Development District Program.
Section 4. Approval of the Modified Development Program and Tax Increment
Financing Plan.
4.01. The modified Development Program for Development District No. 2 and
the modified Tax Increment Financing Plan for Tax Increment Financing District No.
2-1 are hereby approved and adopted.
4.02. The expanded boundaries of Development District No. 2 and the
modification of the budget and other matters related to Tax Increment Financing
District No. 2-1 are described in the modified Development Program and modified Tax
Increment Financing Plan therefor and are incorporated herein by reference. This
modification of the Plan for Tax Increment Financing District No. 2-1 does not
involve the addition of any property to Tax Increment Financing District No. 2-1.
4.03. The City Manager is authorized and directed to file a copy of the
modified Development Program and modified Tax Increment Financing Plan with the
Minnesota commissioner of trade and economic development.
DATED: March 9, 1992.
ATTEST:
Donald A~sh~rt~~ity ~l~nager
])6nald Chmi~l, Mayor
YES
Chmiel
Wing
Dimler
Mason
Workman
~0
None
ABSENT
None
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