HomeMy WebLinkAboutHRA Res 2012-005 Public Hearing Modification Southdale 2 TIF District • RESOLUTION NO.2012-5
EDINA HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF EDINA
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF EDINA CALL FOR A
PUBLIC HEARING ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE
SOUTHEAST EDINA REDEVELOPMENT PLAN, THE PROPOSED ESTABLISHMENT OF THE
SOUTHDALE 2 TAX INCREMENT FINANCING DISTRICT, AN ECONOMIC DEVELOPMENT
DISTRICT, THE PROPOSED ADOPTION OF A BUSINESS SUBSIDY FOR SIMON
PROPERTIES, INC., AND THE PROPOSED ADOPTION OF A SPENDING PLAN FOR
CENTENNIAL LAKES TAX INCREMENT FINANCING DISTRICT.
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Edina Housing and
Redevelopment Authority(the "HRA") as follows:
WHEREAS, the HRA and City Council ("Council") of the City of Edina, Minnesota ("City")
previously established a redevelopment plan and a redevelopment project designated as the Southeast
Edina Redevelopment Plan (the "Redevelopment Plan") pursuant to Minnesota Statutes, Sections
469.001 through 469.047, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
• WHEREAS, the HRA is proposing the establishment of the Southdale 2 Tax Increment Financing
District, all pursuant to and in accordance with Minnesota Statutes, Sections 469.174 through 469.1799
and Sections 469.001 to 469.047, inclusive, as amended; and
WHEREAS, the HRA is proposing the adoption of a business subsidy for Southdale Limited
Partnership, all pursuant to and in accordance with Minnesota Statutes, Sections 1161.993 to 1161.995,
inclusive, as amended;and
WHEREAS, the HRA is proposing the adoption of a spending plan for Centennial Lakes Tax
Increment Financing District pursuant to and in accordance with, Minnesota Statutes, Sections 469.176
Subd.4m, inclusive, as amended; and
NOW,THEREFORE BE IT RESOLVED by the Board as follows:
1. The HRA hereby requests that the Council call for a public hearing on April 17, 2012, to consider
the proposed adoption of a Modification to the Redevelopment Plan (the "Redevelopment Plan
Modification"), the proposed establishment of Southdale 2 Tax Increment Financing District, an
economic development district, and adoption of a Tax Increment Financing Plan therfor, ("TIF
Plan"), the proposed adoption of a business subsidy for Southdale Limited Partnership, and the
proposed adoption of a Spending Plan for Centennial Lakes Tax Increment Financing District,
("Spending Plan"), (the Redevelopment Plan Modification, the TIF Plan, and the Spending 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 HRA directs the Executive Director to transmit copies of the Redevelopment Plan
Modification and TIF Plan to the Planning Commission of the City and requests the Planning
Commission's written opinion indicating whether the proposed Redevelopment Plan
Modifications and TIF Plan are in accordance with the Comprehensive Plan of the City, prior to
the date of the public hearing.
3. The Executive Director of the HRA is hereby directed to submit a copy of the Plans to the Council
for its approval.
4. The HRA affirms the transmission of the Plans to the county and the school district in which
Southdale 2 Tax Increment Financing District is located no later than March 16, 2012.
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.
Approved by the Board on March 20, 2012.
President
ATTEST:
Executive Director