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2006-01 ECONOMIC DEVELOPMENT AUTHORITY CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: Januarv 23. 2006 RESOLUTION NO: 2006-01 MOTION BY: Lundquist SECONDED BY: Tiornhom RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF CHANHASSEN CALL FOR A PUBLIC HEARING ON THE PROPOSED ADOPTION OF A 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) THEREIN AND THE ADOPTION OF A TAX INCRMENT FINANCING PLAN THEREFOR. BE IT RESOLVED, by the Board of Commissioners ("Board") of the Chanhassen Economic Development Authority ("EDA") as follows: WHEREAS, the City Council ("Council ") of the City of Chanhassen, Minnesota ("City") established the Downtown Chanhassen Redevelopment Project Area pursuant to Minnesota Statutes, Sections 469.174 to 469.1799, 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 and the establishment of Tax Increment 'Financing District No. 9 therein and the adoption of a Tax Increment Financing Plan therefor, all pursuant to, and in accordance with, Minnesota Statutes, Sections 469.174 to 469.1799 and Sections 469.090 to 469.1082, inclusive, as amended; NOW, THEREFORE BE IT RESOLVED by the Board as follows: 1. The EDA hereby requests that the Council call for a public hearing on April 10, 2006, to consider the proposed adoption of a Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area ("Redevelopment Plan Modification") and the proposed adoption of a Tax Increment Financing Plan ("TIP Plan") for Tax Increment Financing District No.9 (TIP District No.9), a housing tax increment financing district, (the Redevelopment Plan Modification and the TIP Plan are referred to collectively herein as the "Plans") and cause notice of said public hearing to be given as required by law. 2. The EDA directs the Executive Director to transmit copies ofthe 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. 4. The EDA directs the Executive Director to transmit the Plans to Carver County and Chaska School District No. 112, in which TIP District No.9 is located in, no later than March 10, 2006. 5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plans and related documents and to undertake other actions necessary to bring the Plans before the Council. \ C... A · Thomas A. Furlong, Chair ATTEST: 7,4~--L/5t Todd Gerhardt, Executive Director YES NO ABSENT Furlong Labatt Lundquist Peterson Tjomhom None None