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87-03 A CITY OF CHANHASSEN HOUSING AND REDEVELOPMENT AUTHORITY RESOLUTION Date February 19, 1987 Motion by Robbins Resolution No. 8 7-0 3 Seconded by Bohn BE IT RESOLVED by the Housing and Redevelopment Authority in 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 CoAnhAssen (City) approved a redevelopment project (Project) and adopted a redevelopment plan known as the Chanhassen Downtown Redevelopment Plan (Redevelopment Plan) pursuant to Ktnn. Stat., Section 462.515 on November 29, 1977, and December 19, 1977, respectively. 1.02. Due to changes in the focus of the PLan and the area included w~thin the Project, the Plan has been the subject of s~x modifications since its adoption in 1977, 1.03. Additional changes in the public and private /mprovements to be constructed and an expansion of the area within the Project has now necessi- tated another modification. 1.04. In response to these changes, the Authority has authorized the preparation of a modified Redevelopment Plan and the accompanyin$ tax incre- ment financing plan (TIF PLan) vhich are contained in a docmnent entitled "City of Chanhassen Amended Redevelopment and Tax Increment Financing Plan, Hodification 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 co,,-tssion found that the Plans were consis- tent with the general plans for development of the City. Section ~. Authority Approval. 2.01. The Authority finds that the objectives of the Authority and the City of encouraging development and redevelopment v/thin 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 Tlr Plan all subsequent amendments thereto, except as the modified Plans explicitly or by reasonably necessary inference conflict ~rlth the original .Redevelopment Plan or TIF Plan or any of the first six amendments thereto. Section, }. Further Proceedinss. 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 No. 112 and the board of conanissioners 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 hearins on the Plans pursuant to Minn. Stat., Section 462.521 and 273.74 as soon hereafter as · is practicable and recommends that the modified Plans be approved by the City. Adopted by the Housing and Redevelopment Authority in and for the city of Cbs~hassen, Minnesota this 19th day of Februa~f , 1987. , ATTEST: Don Ashworth, Executive Director 0511RE01.E40 YES NO Horn None Swenson Bohn Robbins ABSENT Whitehill