HomeMy WebLinkAboutHRA Resolution No. 2001-03 Elimination of Parcels from Grandview TIF District wo,, A, b HRA RESOLUTION NO. 2001-0 3
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LUTION APPROVING
NATION OF PARCELS
AGORANDV EW TAX INCREMENT FINANCING DISTRICT FROM
City of Edina
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Housing and
Redevelopment Authority in and for the City of Edina,Minnesota(the"HRA"), as follows:
1. Proposed Elimination of Parcels. The HRA and the City of Edina (the "City") have
approved a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16,
designated as the Grandview Area Redevelopment Plan (the "Redevelopment Plan"), and a
redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statutes, Section
469.002, subdivision 14 designated as Grandview Redevelopment Project No. 1 (the "Redevelopment
Project"),and that in order to finance the public redevelopment costs to be incurred by the HRA and City
in connection with the Redevelopment Plan and the Redevelopment Project, the HRA and City have
approved a tax increment financing plan, pursuant to the provisions of Minnesota Statutes, Section
469.175, designated as Grandview Tax Increment Financing Plan (the "Financing Plan"), which
establishes a tax increment financing district, as defined in Minnesota Statutes, Section 469.174,
subdivision 9,designated by the HRA as Grandview Tax Increment Financing District(Hennepin County
No. 1202) (the "District"). On April 7, 1997, December 7, 1999 and August 15, 2000, the HRA and City
approved amendments to the Redevelopment Plan, Redevelopment Project and Financing Plan. It has
. been proposed that the HRA reduce the geographic area of the District by the elimination of the
following tax parcels from the District (the "Eliminated Parcels"): 28-117-21-34-0002; 28-117-21-34-
0004; 28-117-21-34-0005; 28-117-21-34-0025; 28-117-21-34-0017; 28-117-21-31-0014; 28-117-21-31-
0015; and 28-117-21-31-0016. The current net tax capacity of the Eliminated Parcels equals or exceeds
the net tax capacity of the Eliminated Parcels in the District's original net tax capacity.
2. Annroval. The reduction of the geographic area of the District by the elimination of
the Eliminated Parcels from the District is hereby approved. The Executive Director shall notify the
Hennepin County Auditor of the elimination of the Eliminated Parcels from the District. The Eliminated
Parcels shall remain in the area subject to the Redevelopment Plan and Redevelopment Project.
Dat the y pril,2001.
ATTEST: 'X
Executive Direct Chair
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE
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 17,2001,and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of ,20_
Executive Director
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 5 542 4-1 394 TDD(952)826-0379