HomeMy WebLinkAboutResolution - 2001-93 - Revising Tax Increment Financing Plan for Rolling Hills Senior Project - TIF District 17 - 06/05/2001 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,NIINNESOTA
RESOLUTION NO. 2001-93
A RESOLUTION AMENDING THE TAX INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 17.
BE IT RESOLVED, by the City Council of the City of Eden Prairie, Minnesota (the
"City") as follows:
Section 1. Recitals.
1.01. On March 20, 2001, the City,pursuant to the Minnesota Tax Increment Financing
Act, Minnesota Statutes Sections 469.174 to 469.179 as amended (the "Act")
created Tax Increment Financing District No. 17 and approved the Tax Increment
Financing Plan related thereto following a public hearing conducted in accordance
with the Act.
1.02. Section G of the Tax Increment Financing Plan defines the boundaries of the Tax
Increment Financing District as Lots 9 and 10, Block 1, Prairie Lakes Business
Park, including all street or utility rights-of-way located upon or adjacent to the
property described above.
1.03. Subsequent to the adoption of Tax Increment Finance District No. 17 and the Tax
Increment Financing Plan, it has been determined that the property to be included
within the Tax Increment Financing District is legally described as Lot 1,Block 1,
Rolling Hills Subdivision, Hennepin County, Minnesota containing
approximately 7.95 acres.
Section 2 Approval of Amendment to Financing Plan.
2.01. Section G of the Tax Increment Financing Plan is amended in its entirety as
follows:
Section G Property to be Included in the TIF District
The TIF District is a 7.95 acre area of land located within the
Project Area. A map showing the location of the TIF District is
shown in Exhibit 1. The boundaries and area encompassed by the
TIF District are described below:
Legal Description
Lot 1, Block 1, Rolling Hills Subdivision, Hennepin County,
Minnesota
The area encompassed by the TIF District shall also include all
street or utility rights-of-way located upon or adjacent to the
property described above.
2.02. Except as modified or amended herein, the Tax Increment Financing Plan and the
Tax Increment Financing District remain in full force and effect as adopted by the
City pursuant to Resolution No.2001-50.
ADOPTED by the City Council of the City of Eden Prairie this 5th day June,2001.
Jean L.Hams,Mayor
ATTEST:
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Katl6een A. Porta, City Clerk