HomeMy WebLinkAboutHRA Resolution No. 2016-004 Amending Southdale 2 TIF w�1�1
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EDINA HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF EDINA
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION NO. 2016-04
RESOLUTION AUTHORIZING REMOVAL AND DECERTIFICATION OF
A PARCEL FROM THE SOUTHDALE 2 TAX INCREMENT FINANCING
DISTRICT LOCATED WITHIN THE SOUTHEAST REDEVELOPMENT
PROJECT AREA IN THE CITY OF EDINA.
It is hereby resolved by the Housing and Redevelopment Authority (the "HRA") of the City of
Edina, Minnesota (the "City") as follows:
I. Recitals.
(a) The City has previously established its Southdale 2 Tax Increment Financing District (the
"Southdale 2 TIF District").
(b) The HRA is the administrative authority for the Southdale 2 TIF District.
(c) The HRA and City proposes to establish the 66 West Tax Increment Financing District
(the "66 West TIF District") and have Parcel No. 29-028-24-24-0030 (the "Parcel") removed from the
Southdale 2 TIF District so it can be included in the 66 West TIF District.
(d) The HRA has determined that the current net tax capacity of the Parcel proposed to be
eliminated from the Southdale 2 TIF District ($25,525) does not equal or exceed the original net tax
capacity of the Parcel as originally certified ($26,198); therefore, the HRA has been advised that the
Parcel may be removed from the Southdale 2 TIF District only after a full public hearing and other
notice and processing, pursuant to Minnesota Statutes, Section 469.175 Subd 4.
(e) A public hearing for the modification of the Southdale 2 TIF District was held on April 5,
2016.
2. Decertification and Removal of Parcel. The HRA hereby approves and directs that the
Parcel be removed and decertified from the Southdale 2 TIF District. he HRA Executive Director is
directed (a) to request in writing that the Hennepin County Auditor ecertify said Parcel from the
Southdale 2 TIF District in accordance with the provisions of this Reso tion and (b) to provide the
County Auditor with a certified copy hereof.
Dated: April 5, 2016
faniesHovlancl, Chair
A ST:
Ann Swenson, Secretary
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390
Commissioner SW,013dl-\ introduced the foregoing resolution and moved its adoption. The
motion for the adoption of the foregoing resolution was duly seconded by Council member
Ct'eLJC ri- and upon a vote being taken thereon, the following voted in favor thereof:
� \ V 04-e C� i` i'l -Palo v and the following voted against the same:
�1C)t_1�o 0.Se
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
CERTIFICATE OF EXECUTIVE DIRECTOR
I, the undersigned duly appointed and acting Executive Director for the City of Edina do hereby certify
that the attached and foregoing Resolution was duly adopted by the Edina Housing and Redevelopment
Authority at its Regular Meeting of April 5, 2016, and as recorded in the Minutes of said Regular
Meeting.
WITNESS my hand and seal of said Authority this Sday of n��IOV-1 I aC)/
tt Neal, Executive Director