88-03CITY OF CHANHASS~
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
Date ~ 22, 1988
Motion by Pb_i~
Resolution No. 88-03
Seconded by Bohn
BE IT RESOLVED by the Housing and Redevelopment Authority i~ and for 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 Cb~nhassen (City)
approved a redevelopment project (Project) and adopted a redevelopment plan
known as the Chanhassen Downtown Redevelopment Plan (Redevelopment Plan)
pursuant to Minn. Stat., Section 462.515 on November 29, 1977, and
December 19, 1977, r~spectively.
1.02. Due to changes in the focus of the Plan and the area included
within the Project, the Plan has been the subject of seven modifications since
its adoption in 1977, most recently in March, 1987.
1.03. Additional changes in the public and private improvements to be
constructed and an expansion of the area within the Project have now necessi-
tated another modification.
1.04. In response to these changes, the Authority has authorized the
preparation of a modified tax increment financing plan (TIF Plan) which is
contained in a document entitled "Modified Tax Increment Financin~ Plan,
Chanhassen Downtown Redevelopment Project, Modification No. 8, City of
Chanhassen, Minnesota" (Plan) dated September, 1988 and-on file with the
Authority.
1.05. Copies of the modified PLan have been forwarded to the school
board of Independent School District No. 112 and the board of commissioners of
Carver County for review and connnent and said public bodies have been notified
of the hearin~ to be held on the Plan by the City..
Section 2. Authority Approval.
2.01. The Authority finds that the objectives of the Authority and the
City of encouraging development and redevelopment within the Project will be
advanced by adoption of the modified Plan.
2.02. The modified Plan is hereby approved'and adopted by the Authority.
The modified Plan incorporates by reference the original Redevelopment Plan
and TIF Plan and all subsequent amendments thereto, except as the modified
Plan explicitly or by reasonably necessary inference conflicts with the
original Redevelopment Plan or TIF Plan or any of the first seven amendments
thereto.
2.03. The Authority requests the City 'to hold a public hearing on the
Plan pursuant to Minn. Stat., Section 469.124 through 469.134 and 469.174
through 469.179 as soon hereafter as is practicable and recommends that the
modified Plan be approved by the City.
Adopted by the Housing and Redevelopment Authority in and for the City of
Chanhassen, Hinnesota this 22n/i day of Se~ , 1988.
Clifford ~itehi11, Chairperson
ATTEST:
!
~unes Boh~, Secretary
0511RE10.E40