HomeMy WebLinkAboutResolution No. 2024-57 Setting 72nd France 3 TIF District Public Hearing Date•
tt4IP
7*( ATI Tr
Adopted by the Edina C
ATTEST:
al this 3'd day of September, 2024.
, City Clerk James B. Hovland, Mayor
RESOLUTION NO. 2024-57
SETTING A PUBLIC HEARING DATE FOR THE PROPOSED ESTABLISHMENT OF
THE 72" AND FRANCE #3 TAX INCREMENT FINANCING DISTRICT
(A REDEVELOPMENT DISTRICT)
WHEREAS, On June 18, 2024 the City Council granted preliminary zoning approval (with conditions) for the
proposed redevelopment of property at 7235 France Avenue submitted by Enclave Company; and
WHEREAS, Enclave Company submitted a request for the use of Tax Increment Financing to enable the
proposed redevelopment project to secure debt and equity to fund the project; and
WHEREAS, the Edina Housing and Redevelopment Authority reviewed a proposed Term Sheet to utilize Tax
Increment Financing on July 25 and August 15, 2024 and approved HRA Resolution 2024-06 requesting that the City
Council schedule a Public Hearing to obtain input as it considers the establishment of a new Tax Increment Financing
District.
NOW THEREFORE, BE IT RESOLVED, by the City Council for the City of Edina, Minnesota (the "City")
as follows:
Section I. Public Hearing. This Council shall meet on October I, 2024, at approximately 7:00 P.M., to hold a
public hearing on the proposed adoption of a Modification to the Redevelopment Plan for the Southeast Edina
Redevelopment Project Area, the proposed establishment of the 72" and France #3 Tax Increment Financing District (a
redevelopment district), and the proposed adoption of a Tax increment Financing Plan therefor (together the "Plans"),
all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047 and Sections 469.174 to 469.1794,
inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within
the City; and
Section 2. Notice of Public Hearing, Filing of Plans. City staff is authorized and directed to work with Ehlers &
Associates, Inc., to prepare the Plans and to forward documents to the appropriate taxing jurisdictions including Hennepin
County and Independent School District No. 280. The City Clerk is authorized and directed to cause notice of the
hearing, together with an appropriate map as required by law, to be published at least once the official newspaper of
the City not later than 10, nor more than 30, days prior to October I , 2024, and to place opy of the Plans on file in
the HRA Executive Director's office at City Hall and to make such copy available for inspectio by the public.
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
City Clerk
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 is a true and correct copy of the Resolution duly adopted by the Edina City Council at its Regular Meeting of September
3, 2024, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of