HomeMy WebLinkAboutResolution No. 2017-067 Approving Special Law TIF Southdale 2 RESOLUTION NO. 2017-67
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 2017 First Special Session,
Chapter I, Article 6, Section I I 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:
1. Minnesota Laws 2017 Special Session, Chapter I, Article 6, Section I I (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 hereby approved.
2. The City Clerk is authorized and directed to file with the Secretary of tate a certified copy of this
resolution and the appropriate certificate in the form prescribed by t e�State Attorney General no
later than December 31, 2017.
Dated this 20th day of June 2017 ,� /
Attest: C—tl"0
Debra A. Ma gen, City Clerk 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 January 4, 2017,and as recorded in the Minutes of said
Regular Meeting.
WITNESS my hand and seal of said City this day of_
CITY OF EDINA Debra A. Mangen,City Clerk
4801 West 50th Street• Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390