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EDA2001-3.doc CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: September 10, 2001 RESOLUTION NO: 2001-03 MOTION BY: Jansen SECONDED BY: Bohn A RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF CHANHASSEN CALL FOR A PUBLIC HEARING ON THE MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA, THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 8 (A HOUSING DISTRICT) THEREIN, AND THE ADOPTION OF THE TAX INCREMENT FINANCING PLAN THEREFORE, AND THE ADOPTION OF THE MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR THE DOWNTOWN CHANHASSEN TAX INCREMENT FINANCING DISTRICT (A REDEVELOPMENT DISTRICT) BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Chanhassen Economic Development Authority, Minnesota (the "EDA") as follows: WHEREAS, the City Council (the "Council") of the City of Chanhassen, Minnesota (the "City") established the Downtown Chanhassen Redevelopment Project Area pursuant to Minnesota Statutes, Sections 469.174 through 469.179, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and WHEREAS, the EDA is proposing a Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area, the proposed establishment of Tax Increment Financing District No. 8, (a housing district), the proposed adoption of the Tax Increment Financing Plan therefore, and the proposed adoption of the Modification to the Tax Increment Financing Plan for the Downtown Chanhassen Tax Increment District, pursuant to and in accordance with Minnesota Statutes, Sections 469.174, inclusive, as amended; NOW, THEREFORE, BE IT RESOLVED by the Board as follows: The EDA hereby requests that the Council call for a public hearing on November 13, 2001 to consider the proposed adoption of a Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area, the proposed establishment of Tax Increment Financing District No. 8, (a housing district), the proposed adoption of the Tax Increment Financing Plan therefore, and the proposed adoption of the Modification to the Tax Increment Financing Plan for the Downtown Chanhassen Tax Increment District (collectively, the "Plans") and cause notice of said public hearing to be given as required by law. The EDA directs the Executive Director to transmit copies of the Plans to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Plans are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing. 3. The Executive Director of the EDA is hereby directed to submit a copy of the Plans to the Council for its approval. The EDA directs the Executive Director to transmit the Plans to the county and the school districts in which Tax Increment Financing District No. 8 is located not later than October 12, 2001. Passed and adopted this 21st day of March, 2001, by the Economic Development Authority in and for the City of Chanhassen. ATTEST: Chairperson Executive Director