HomeMy WebLinkAboutResolution No. 2014-070 Approving Special Law TIF District for Housing Southdale 2 o� e
RESOLUTION NO. 2014-70
RESOLUTION APPROVING A SPECIAL LAW AUTHORIZING
TAX INCREMENT FINANCING DISTRICTS FOR HOUSING PURPOSES
AND EXPENDITURES FROM THE SOUTHDALE 2
TAX INCREMENT FINANCING DISTRICT
WHEREAS, Article XII, Section 2 of the Minnesota Constitution and Minnesota Statutes
§645.021 authorize a local government unit to enact a special law affecting the local government unit
following approval by resolution adopted by a majority vote of all members of the governing body; and
WHEREAS, the Minnesota Legislature approved a special law, Minn. Laws 2014, Chapter 308,
Article 6, Section 8 providing that the City of Edina or its development authority may establish one or more
tax increment financing districts in the Southeast Edina Redevelopment Project Area, as the boundaries
exist on March 31, 2014; and
WHEREAS, the special law is effective upon approval of the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF EDINA,
MINNESOTA, HENNEPIN COUNTY, MINNESOTA (THE "CITY") AS FOLLOWS:
I. 2014 Minnesota Laws, Chapter 308, Article 6, Section 8 (the "Special Law"), which
• authorizes the City to establish one or more new housing tax increment districts in the current
boundaries of the Southeast Edina Redevelopment Project Area and authorizes expenditures from the
Southdale 2 tax increment financing district, subject to certain special rules, is ereby approved.
2. The City Clerk is authorized and directed to file with the S I
c etary of State a certified
copy of this resolution and the appropriate certificate in the form prescri e by the State Attorney
General no later than December 31, 2014.
Dated: June 17, 2014
CjAAttest: 0 ——
Debra A. Mangen, City Cl rk James B. Hovland, Mayor
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 was duly adopted by the Edina City Council at its Regular Meeting of March 4, 2014,and as recorded in the Minutes
of said Regular Meeting.
WITNESS my hand and seal of said City this day of
• City Clerk
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 .Fax 952-826-0389