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CC Memo 2-13-06 CITY OF CHANHASSEN 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952.227.1180 Fax: 952.227.1190 Engineering Phone: 952.227.1160 Fax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax 952.227.1310 Senior Center Phone: 952.227.1125 Fax: 952.227.1110 Web Site www.ci.chanhassen.mn.us ..1)1. MEMORANDUM TO: Todd Gerhardt, City Manager FROM: Justin Miller, Assistant City Managerc5r DATE: . Of<" Call for Public Hearing - Sand Companies Affordable Housing TIP District January 25,2006 RE: BACKGROUND The Sand Companies have begun the site plan review process for their 48-unit apartment building to be located at the comer of new Highway 212 and the relocated Highway 101. This is going to be an affordable housing project, and they have received tax credits through the Minnesota Housing Finance Agency. As part of their tax credit application, the City provided a letter of support indicating that the use of Tax Increment Financing may be available to help make this project affordable. In order to begin the process of creating a Tax Increment Financing district, the City Council must call for a public hearing on the project. A full schedule of events is attached to this report. The entire process should be completed by April 30, 2006. RECOMMENDATION Staff recommends that the City Council call for a public hearing to be held on April 10, 2006 on the proposed establishment of Tax Increment Financing District #9. Approval of this action requires a majority vote of the city council. The City of Chanhassen · A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play. SCHEDULE OF EVENTS CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA January 23, 2006 February 3, 2006 February 13,2006 February 15, 2006 February 24, 2006* February 28, 2006 AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO.9 (a housing district) Draft as of November 18. 2005 EDA requests that the City Council call for a public hearing on the proposed Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area and the proposed establishment of Tax Increment Financing District No.9. Project information (property identification numbers and legal descriptions, detailed project description, maps, but/for statement, fiscal impacts to public works and police and fire services, and list of sources and uses of funds) for drafting necessary documentation sent to Ehlers & Associates. City Council calls for public hearing on the proposed Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area and the proposed establishment of Tax Increment Financing District No.9. Ehlers & Associates confirms with the City whether building permits have been issued on the property to be included in Tax Increment Financing District No.9. Project information submitted to the Carver County Board for review of county road impacts if necessary* (at least 45 days prior to public hearing). *The County Board, by law, has 45 days to review the TIP Plan to determine if any county roads will be impacted by the development. If the City staff believes that proposed Tax Increment Financing District No.9 will not require unplanned county road improvements, the TIP Plan will not be forwarded to the Carver County Board 45 days prior to the public hearing. Please be aware that the Carver County Board could claim that tax increment should be used for county roads, even after the public hearing. [Ehlers & Associates will fax and mail on February 23 or 24, 2006.J Letter received by Carver County Commissioner giving notice of potential housing tax increment financing district (at least 30 days prior to publication of public hearing notice.) [Ehlers & Associates will fax and mail on February 24 or 27, 2006.J o I ~,tt~,~.~,~ SCHEDULE OF EVENTS - PAGE 2 CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA FOR THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO.9 (a housing district) March 10, 2006 Fiscal/economic implications received by School Board Clerk and Carver County Auditor (at least 30 days prior to public hearing). [Ehlers & Associates will fax & mail on March 8 or 9, 2006.J March 30, 2006 Date of publication of hearing notice and map (at least 10 days but not more than 30 days prior to hearing). [Chanhassen Villager publication deadline, March 23, 2006 - Ehlers & Associates or City of Chanhassen to submit notice and map to newspaper. If City chooses to submit notice and map to newspaper, Ehlers & Associates will provide language to the City by March 21, 2005.J March 21, 2006 Planning Commission reviews the Plans. March 22, 2006 Ehlers & Associates conducts internal review of Plans. April 10, 2006 EDA considers the Plans and adopts a resolution approving the Plans. April 10, 2006 City Council holds public hearing at 7:00 P.M. on a Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area and the establishment of Tax Increment Financing District No. 9 and passes resolution approving the Plans. [Ehlers & Associates will email Council packet information to the City by March 31, 2006.J By April 30, 2006 Ehlers & Associates files plans with the MN Department of Revenue and the Office of the State Auditor, and requests certification of the TIP District with Carver County. o I ~A~O~'~'~'~