HomeMy WebLinkAboutResolution - 2002-18 - Calling for a Public Hearing March 19, 2002 to Establish New TIF District - 01/15/2002 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, M "ESOTA
RESOLUTION NO.2002-18
A RESOLUTION CALLING FOR A PUBLIC HEARING ON APPROVAL OF A TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING (QUALIFIED
HOUSING)DISTRICT NO. 18
BE IT RESOLVED by the City Council of the City of Eden Prairie,Minnesota(the"City"),
as follows:
1. Proposed Financing Plan. The Housing and Redevelopment Authority in and for the City of
Eden Prairie, Minnesota(the "BRA")has prepared, and will present to the City for approval a tax
increment financing plan(the"Financing Plan"),which establishes a tax increment financing district,
as defined in Minnesota Statutes, Section 469.174, subdivision 9, designated as Tax Increment
Financing(Qualified Housing)District No. 18 within the Project Area. It has been proposed that the
Board of Commissioners of the HRA and the City Council approve the Financing Plan, and that this
Council hold a public hearing on the Financing Plan as required by Minnesota Statutes, Sections
469.028 and 469.175, subdivision 3.
2. Public Hearing. A public hearing is hereby scheduled to be held on the Financing Plan at 7:00
p.m. on March 19, 2002, in the Council Chambers of the Eden Prairie City Center, 8080 Mitchell
Road,Eden Prairie,Minnesota. The City Clerk is hereby authorized and directed to cause notice of
such public hearing in substantially the form of Exhibit A hereto to be published in the official
newspaper of the City not less than 10 days prior to the date of the hearing, and to provide the
information required by Minnesota Statutes, Section 469.175, subdivision 2 to the appropriate
governmental bodies.
ADOPTED by the City Council on January 15, 2002.
an yra- ke ayor
ATTEST:
Kat een A Porta, City Clerk
EXHIBIT A
NOTICE OF PUBLIC NEARING ON APPROVAL OF A TAN INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING(QUALIFIED HOUSING)
DISTRICT NO. 16 OF THE HOUSING AND REDEVELOPMENT AUTHORITY IN
AND FOR THE CITY OF EDEN PRAIRIE,
NOTICE IS HEREBY GIVEN that the City Council of the City of Eden Prairie will hold a
public hearing on approval of a Tax Increment Financing Plan(the Financing Plan)for Tax Increment
Financing (Qualified Housing) District No. 16 (the Financing District) of the Housing and
Redevelopment Authority of the City of Eden Prairie(the HRA)at 7:00 p.m. on Tuesday,March 19,
2002,in the City Council Chambers, 8080 Mitchell Road, Eden Prairie, Minnesota.
The Financing Plan provide for the financing with tax increment revenue generated by the
Financing District established by the Financing Plan of certain public costs to be incurred by the HRA
or the City in connection with carrying out the Plan.
Accompanying this notice is a map of a portion of the City. The map shows the area
encompassed by the Financing District from which tax increment may be collected pursuant to the
Financing Plan and the area in which such tax increment may be expended.
All who wish to be heard as to the Financing Plan will be given an opportunity to express their
views at the time of the public hearing or may file written comments with the Finance Director/Clerk
prior to the public hearing.
Kathleen A. Porta, City Clerk