82-03Rev. 3/10/82
3/18/82
HOUSING AND REDEVELOPMENT AUTHORITY
OF
CHANHASSEN, MINNESOTA
Dated: March 18, 1982 Resolution No. 82-3
Motion by Commissioner Russell Seconded by Commissioner Bohn
RESOLUTION
APPROVING PLAN MODIFICATION NO. 5
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. Minnesota Statutes, Section 462.525(Subd. 6)
empowers this Authority to make minor changes in the Plan under
certain limited circumstances which do not require approval by
the governing body of the municipality within which the project
is located.
1.03. Modification No. 5 labeled Rev.3/10/82
, has been presented to the Authority for its consideration
and approval.
1.04. Modification No. 5, if adopted, would implement,
pursuant to SS273.76, 462.445, Subd. 4(1), and 462.445, Subd. 4(16)
of Minnesota Statutes, the program of expenditures in the area
of Chanhassen Lakes Business Park as described in Table 4
("Project Expenditures Short-Term Costs") of the "Amended Plan
Draft February, 1980, Revised March 20, 1980" booklet which was
approved as Modification No. 3 to the Plan on March 20, 1980.
SECTION 2. FINDINGS AND APPROVAL.
2.01. The Authority hereby finds that ~he approval of
Modification No. 5, a copy of which is attached hereto and made
a part hereof as Exhibit A, would not have the effect of
substantially altering or affecting the general land uses
established in the Chanhassen Downtown Redevelopment Plan and
Project.
2.02. The Authority hereby approves said Modification
No. 5 to the Chanhassen Downtown Redevelopment Plan and Project.
~ev. 3/10/82
Rev. 3/18/82
2.03. The Authority hereby finds that the proposed
redevelopment of the Chanhassen Redevelopment Project area,
including redevelopment of the assessment reduction area, would
not reasonably be expected to occur solely through private
investment within the reasonably foreseeable future and
therefore the adoption of the assessment reduction program described
in Modification No. 5 is deemed necessary.
2.04. The Authority hereby'finds that the costs of
implementing the assessment reduction program described in
Modification No. 5 (a) are expenditures necessary to carry out
the purpose of the Minnesota Municipal Housing and Redevelopment
Act, (b) are expenditures necessary to prepare the assessment
reduction program area for private redevelopment and improvement,
and (c) are a proper part of the public redevelopment cost of
the Chanhassen Downtown .Redevelopment Project.
SECTION 3. IMPLEMENTATION OF MODIFICATION NO. 5.
3.01. Only the following lands' shall be eligible to
participate in the assessment reduction program described in
Modification No. 5:
Chanhassen Lakes Business Park:
Lots 1 to 11, Block 1
Lots 1 to 5, Block 2
Lots 1 & 2, Block 3
Lots 1 & 2., Block 4
Lots 1 to 6 and 8 to 11, Block 5
Park II:.
Ail of Block 1
Ail of Block 2
Lot 2, Block 3
3.02. No assessment reduction payments shall be made in
respect of any private improvements which are constructed by, or
on behalf of, or for the occupancy of any person, corporation,
or other entity which (a) has been displaced as the result of
the acquisition by the Authority of said person's, said corporation's,
or said entity's place of business and (b) has received from the
Authority relocation benefits in excess of the fair market value
of the acquired property and in excess of the value of any
relocation benefits paid by the Authority pursuant to Chapter 117
of Minnesota Statutes.
3.03. All other terms and conditions of the assessment
reduction program contemplated by Modification No. 5 shall be as
set forth in the form of Assessment Agreement which is attached
hereto and made a part hereof as Exhibit B and which is hereby
approved.
-2-
O.
Rev. 3/10/82
3/18/82
3.04. The Executive Director and Chairman of the Authority
are not authorized to execute any such assessment agreement with
any redeveloper or land owner unless specifically authorized
to do so by further resolution of the Authority.
3.05. The above described assessment reduction
program shall terminate o~ December 31, 1987, provided, however,
that any assessment reduction payments, which are due and owing
pursuant to any then outstanding assessment agreement, shall
continue to be made pursuant to such assessment reduction
agreement if the redeveloper shall have obtained a Certificate
of Occupancy, pursuant to Section 4.2 of the approved form of
Assessment Agreement, on or before December 31, 1987. The
Authority reserves the right to extend the assessment reduction
program for additional periods of time'beyond the December 31,
1987 expiration date. In no event, however, shall any
assessment reduction payment be made after November 28, 2007.
Passed and adopted this ~ day of Ir~A~
1982, by the Housing and Redevelopment Authority of the City
of Chanhassen, Minnesota ....
Attest:
Chairman
Yes No Absent
Horn None Whitehill
Russell
~ullickson
Rohn
-3-
EXHIBIT A
To be supplied (a copy of
Modification No. 5)
EXHIBIT B
To be supplied (a copy of
standard form of assessment agreement)