HomeMy WebLinkAboutResolution No. 2000-075 Grandview Modification #1 -- Making Findings w9zNi A, RESOLUTION NO. 2000-75
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RESOLUTION APPROVING MODIFICATION OF City Of Edina
GRANDVIEW REDEVELOPMENT PROJECT NO. 1,
GRANDVIEW AREA REDEVELOPMENT PLAN AND
GRANDVIEW TAX INCREMENT FINANCING PLAN AND
MAKING FINDINGS WITH RESPECT THERETO
BE IT RESOLVED by the City Council of the City of Edina, Minnesota as
follows:
1. The Commissioners of the Housing and Redevelopment Authority in and for
the City of Edina, Minnesota (the "HRA") and the City of Edina, Minnesota (the "City"), have
previously approved the Grandview Area Redevelopment Plan (the "Redevelopment Plan") and
Grandview Redevelopment Project No. 1 (the "Redevelopment Project") to be undertaken
pursuant thereto, and in order to finance the public redevelopment costs to be incurred by the
City and the HRA in connection with the Redevelopment Plan and Redevelopment Project, the
HRA and the City have approved Grandview Tax Increment Financing Plan (the "Financing
Plan"), which establishes a tax increment financing district which is designated by the HRA as
• the Grandview Tax Increment Financing District (Hennepin County No. 1202) (the "District").
On April 7, 1997 and December 7, 1999, the HRA and City approved amendments to the
Redevelopment Plan, Redevelopment Project and Financing Plan (the "Amendments"). The
HRA has approved an amendment to the Redevelopment Project, the Redevelopment Plan and
the Tax Increment Financing Plan, as amended by the Amendments, which is entitled
"Modification of Grandview Redevelopment Project No. 1, Grandview Area Redevelopment
Plan and Grandview Tax Increment Financing Plan for Tax Increment Finance District No.
1202" (the "2000 Amendment"). The 2000 Amendment establishes Hazard Substance
Subdistrict No. 1 (the "HSS") within the District, and authorizes the use of tax increment
revenues derived from the HSS to pay or reimburse costs specified within Minnesota Statutes;
Section 469.176, subdivision 4c, within the HSS.
2. This Council on August 15, 2000, held a public hearing on the 2000
Amendment after notice of the public hearing was published in the official newspaper of the City
not less than ten (10) days prior to the date of the hearing. At such public hearing all persons
desiring to be heard with respect to the 2000 Amendment were given an opportunity to express
their views with respect thereto.
3. This Council has previously found that the District is a redevelopment district
within the scope of Minnesota Statutes, Section 469.174, subdivision 10 and the 2000
Amendment will not change such prior findings. The 2000 Amendment further serves the
original goals and objectives of the City and HRA in approving the Redevelopment Plan, the
Redevelopment Project and the Financing Plan and the Amendments, by redeveloping property
in the City in order to prevent or reduce blight, blighting factors and the causes of blight, and by
providing needed public facilities.
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4. Pursuant to Minnesota Statutes, Section 469.175, subdivision 4, it is hereby
found that:
(A) The District, is a redevelopment district, as defined in
Minnesota Statutes, Section 469.174, subdivision 10, for the
reasons set forth in previous findings by this Council, and the 2000
Amendment does not alter these previous findings.
(B) The proposed development to be undertaken in
accordance with the Redevelopment Plan, as amended by the 2000
Amendment, in the opinion of this Council would not occur solely
through private investment within the reasonably foreseeable future
and therefor the use of tax increment financing and the HSS is
deemed necessary.
(C) The Financing Plan, as amended by the 2000
Amendment, conforms to the general plan for the development of
the City as a whole.
(D) The Financing Plan, as amended by the 2000
Amendment, will afford maximum opportunity consistent with the
sound needs of the City as a whole for the development of the area
subject to Redevelopment Plan by private enterprise.
• (E) The City confirms its election of the method of tax
increment computation set forth in Minnesota Statutes, Section
469.177, subdivision 3, clause(a)with respect to the District.
Passed by the Council this 15th day of August, 2000.
ATTEST: `"
City Clerk 1 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 August 15, 2000, and as
recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of -,20—.
City Clerk
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