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HomeMy WebLinkAboutResolution No. 2018-08 PH for SE Edina_Southdale TIF District_W. 76th St TIF DistrictRESOLUTION NO. 2018-08 REQUESTING THE CITY COUNCIL OF THE CITY OF EDINA CALL FOR A PUBLIC HEARING ON THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR THE SOUTHEAST EDINA REDEVELOPMENT PROJECT AREA, THE PROPOSED MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR THE SOUTHDALE 2 TAX INCREMENT FINANCING DISTRICT, AND THE PROPOSED ESTABLISHMENT OF THE WEST 76TH STREET TAX INCREMENT FINANCING DISTRICT (A HOUSING 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 the Southeast Edina Redevelopment Project Area 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 and City Council established the Southdale 2 Tax Increment Financing District in 2012 to facilitate private reinvestment in the renovation of the Southdale Center mall and surrounding property; and WHEREAS, the Southdale 2 Tax Increment Financing Plan was modified in 2016 to remove certain property and permit additional expenditures to assist the 66 West Apartments affordable housing project; and WHEREAS, in an effort to provide additional funding for affordable housing within the City the HRA proposes modifications to the Redevelopment Plan for the Southeast Edina Redevelopment Project Area ("Redevelopment Plan Modification") and Tax Increment Financing Plan for the Southdale 2 Tax Increment Financing District ("Southdale 2 TIF Plan Modification"), and the establishment of the West 76th Street Tax Increment Financing District and adoption of a Tax Increment Financing Plan therefor (the Redevelopment Plan Modification, Southdale 2 TIF Plan Modification and the West 76th Street TIF Plan are referred to collectively herein as the "Plans"), all pursuant to and in accordance with Minnesota Statutes, Sections 469.174 through 469.1794 and Sections 469.001 to 469.047, and Minnesota Session Laws 2017, Chapter I, Sections I I and I6, inclusive, as amended; and NOW, THEREFORE BE IT RESOLVED by the Board as follows: I The HRA hereby requests that the City Council call for a public hearing on November 20, 2018, to consider the proposed 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 Plans to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Plans 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. CITY OF EDINA 4801 West 50th Street • Edina, Minnesota 55424 Executive Director 4. The HRA affirms the transmission of the Plans to Hennepin County and Independent School District No. 273 and No. 280 in which the Southeast Edina Redevelopment Project Area is located o later than October 19, 2018. 5. Staff and consultants are authorized and directed to take all steps necessa o prepare the Plans and related e Council. documents and to undertake other actions necessary to bring the Plans befo Approved by the Board on October I I, 2018. ATTEST: James B. Hovland, Chair Robert J. Stew rt, Secretary 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 Edina Housing and Redevelopment Authority do hereby certify that the attached and foregoing Resolution is a true and correct copy of the Resolution duly adopted by the Edina Housing and Redevelopment Authority at its Regular Meeting of 0 t ber I I, 2018, and as reco ded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of eZ , 2018.