HomeMy WebLinkAboutHRA Resolution No. 2002-01 Budget Amendment Grandview TIF Plan 4�91�1f�
o� e `' HRA RESOLUTION 2002-1
• C'ORihW`TtC
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RESOLUTION APPROVING AMENDMENTS TO THE
BUDGET FOR THE GRANDVIEW TAX INCREMENT
FINANCING PLAN
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 Amendment. 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 17, 1997, December 7, 1999, August 15, 2000 and October 16, 2001 the HRA and City
approved amendments to the Redevelopment Plan, Redevelopment Project and Financing Plan
(the "Amendments"). It has been proposed that the HRA amend the budget to the Financing
Plan, as amended by the Amendments. The proposed budget amendments do not increase the
authorized expenditures to be paid from the tax increment revenue from the District.
2. Approval of Budget Amendments. The budget amendments have been
presented to this Board and is ordered placed on file in the office of the Executive Director of the
HRA, and the budget amendments are hereby approved.
Dated the 6th day o A t, 2002.
i
ATTEST: /&Ilt� J
Executive Di ec r Chair
City Hall 1 (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379
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 August 6, 2002, and as recorded in the
Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20
Executive Director
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