Loading...
HomeMy WebLinkAboutResolution No. 2021-07 Moditifications to Southdale 2 TIFEdina Housing and Redevelopment Authority RESOLUTION NO. 2021-07 REQUESTING THE CITY COUNCIL OF THE CITY OF EDINA CALL FOR A PUBLIC HEARING ON THE PROPOSED MODIFICATIONS TO THE REDEVELOPMENT PLAN FOR THE SOUTHEAST EDINA REDEVELOPMENT PROJECT AREA AND SOUTHDALE 2 TAX INCREMENT FINANCING PLAN WHEREAS, the Board of Commissioners (the "Board") of the Edina Housing and Redevelopment Authority (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 (the "HRA Act"), in an effort to encourage the development and redevelopment of certain designated areas within the City; and WHEREAS, the HRA previously established the Southdale 2 Tax Increment Financing District (the "District") pursuant to Minnesota Statutes, Sections 469.174 to 469.1794, inclusive, as amended (the "TIF Act") and Minnesota Session Laws 2014, Chapter 308, Article 6, Section 8, as amended by Minnesota Session Laws 2017, First Special Session Chapter I, Article 6, Sections I I and 16, and Minnesota Session Laws 2019, First Special Session Chapter 6, Article 7, Section 3 (the "Special TIF Housing Legislation") and adopted a Tax Increment Financing Plan (the "TIF Plan") therefore. WHEREAS, the HRA is proposing modifications to the Redevelopment Plan for the Southeast Edina Redevelopment Project Area ("Redevelopment Plan Modification") and TIF Plan (the "TIF Plan Modification") to increase the amount of estimated tax increment expenditures of the District (the Redevelopment Plan Modification and TIF Plan Modification are referred to collectively herein as the "Plans"), all pursuant to and in accordance with the HRA Act, TIF Act, and Special TIF Housing Legislation; 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 September 9, 2021, 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. CITY OF EDINA 4801 West 50th Street . Edina, Minnesota 55424 HRAResolution 2021-07 Page 3. The Executive Director ufthe HRAio hereby directed tVSubmit acopy ufthe Plans tothe Council for its approval, 4� The HR/\ affirms the transmission of the Plana to Hennepin County and Independent School Districts No. 273 and No. 280 in which the Southeast Edina Redevelopment Project Area is located nolater than August 9, 2021. 5. Staff and consultants are authorized and directed totake allsteps necessa toprepare the Plans and related documents and to undertake other actions necessary to bri the Plans before the Council, Approved bvthe Board onJuly 29 2021. ATTEST: STATE DPM|NN COUNTY OF HENNEPIN) SS CITY OF EDINA Ja0m6s , B. Hovland, Chair CERTIFICATE DFEXECUTIVE DIRECTOR |. the undersigned 6uhuppointedaoJaodngExocodve0rector6xthcEJ|naHuus|n8un6ReJevelopmantAudvzrq'Jokmre6y certify that the attached and foregoing Resolution is a true and correct copy of the Kerp|udpn duly adopted by the G6|ou Housing and Redevelopment Authority at its Regular, Meeting of July 29, 202 1, and as recorded in the Minutes of said Regular Meeting, VV���� WITNESS ���~ day of LA 1 2021.