HomeMy WebLinkAboutResolution No. 2016-042 Southdale 2 TIF Modifications w9�1r 2
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RESOLUTION NO. 2016-42
CITY OF EDINA
COUNTY OF HENNEPIN
STATE OF MINNESOTA
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 City Council (the "Council") of the City of Edina, Minnesota (the
"City") as follows:
1. Recitals.
(a) The City has previously established its Southdale 2 Tax Increment Financing District (the
"Southdale 2 TIF District").
(b) The 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.
(c) The City 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 City 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.
(d) A full public hearing for the modification of the Southdale 2 TIF District was held on
April 5, 2016.
2. Decertification and Removal of Parcel. The Council hereby approves and directs that
the Parcel be removed and decertified from the Southdale 2 TIF District. Staff of the City is directed (a)
to request in writing the Hennepin County Auditor to decertify said Parcel from the Southdale 2 TIF
District in accordance with the provisions of this Resolution and (b) to provid the County Auditor with
a certified copy hereof.
Dated: April 5, 2016
Attest:
Debra A. Mangen, City Clerk James B. Hovland, Mayor
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390
Resolution No. 2016-42
Page 2
Council member Swenson introduced the foregoing resolution and moved its adoption. The motion for
the adoption of the resolution was duly seconded by Council member Brindle and upon a vote being
taken thereon, the following voted in favor thereof: Council members: all Council members and Mayor
voted affirmatively in favor and the following voted against the same: none.
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the
attached and foregoing Resolution was duly adopted by the Edina City Council 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 City this day of
Debra A. Mangen, City Clerk