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87-03 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: February 19r 1987 RESOLUTION NO: 87-03 MOTION BY: Robbins SECONDED BY: Bohn BE IT RESOLVED by the Housing and Redevelopment Authority of the City of Chanhassen, Minnesota as follows: Section 1. Recitals. 1.01. The Chanhassen City Council and this Authority have approved a redevelopment project to be undertaken by the Authority, designated as the Chanhassen Downtown Redevelopment Project (the "Project"), and a Redevelopment Plan (the "Plan"), for the Project. 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 six modifications since its adoption in 1977. 1.03. Additional changes in the public and private improve- ments to be constructed and an expansion of the area within the Project has now necessitated another modification. 1.04. In response to these changes, the Authority has authorized the preparation of a modified Redevelopment Plan and the accompanying tax increment financing plan (TIF plan) which are contained in a document entitled "City of Chanhassen Amended Redevelopment and Tax Increment Financing Plan, Modification No. 7" (collectively, Plans) dated February, 1987 and on file with the Authority. 1.05. The Plans were referred to the Planning Commission and on February 11, 1987, the Planning Commission found that the Plans were consistent with the general plans for development of the City. Section 2. Authority ADDroval. 2.01. The Authority finds that the objectives of the Authority and the City of encouraging development and redevelop- ment within the Project will be advanced by adoption of the modified Plans. 2.02. The modified Plans are hereby approved and adopted by the Authority. Said Plans incorporate by reference the original Redevelopment Plan and TIF Plan all subsequent amendments thereto, except as the modified Plans explicitly or by reasonably necessary inference conflict with the original Redevelopment Plan or TIF Plan or any of the first six amendments thereto. Section 3. Further Proceedinqs. 3.01. The Executive Director of the Authority is hereby authorized and directed to transmit copies of the modified Plans to the School Board of Independent School District 9112 and the Board of Commissioners of Carver County for review and comment and to notify said public bodies of the hearing to be held on the Plans by the City. 3.02. The Authority requests the City to hold a public hearing on the Plans pursuant to Minnesota Statutes, Section 462.521 and 273.74 as soon hereafter as is practicable and recom- mends that the modified Plans be approved by the City. Passed and adopted by the Chanhassen City Council this 19th day of February, 1987. ATTE~ Don Ashworth,-~xecutive Director Cl~k Hor~, Vice-Chairman Yes: Robbins, Bohn, Swenson and Horn No: None Absent: Whitehill