HomeMy WebLinkAboutResolution - 2000-187 - Calling for a Public Hearing On Approval an Amended Project Plan for Redevelopment Project Area No. 5 - 11/21/2000 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,NIINNESOTA
RESOLUTION NO.2000-187
A RESOLUTION CALLING FOR A PUBLIC HEARING ON APPROVAL AN AMENDED
PROJECT PLAN FOR REDEVELOPMENT IN AND FOR THE CITY OF
EDEN PRAIRIE AND A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING(QUALIFIED HOUSING)
BE IT RESOLVED by the City Council of the City of Eden Prairie, Minnesota (the "City"), as
follows:
1. Proposed Project Plan and Financing Plan. The Housing and Redevelopment Authority in and for
the City of Eden Prairie,Minnesota(the "HRA")has prepared, and will present to the City for approval, a
amended redevelopment plan, as defined in Minnesota Statutes, Section 469.002,subdivision 16,designated
as the Project Plan(the "Project Plan") for Redevelopment Project Area No. 5 (the"Project Area'), and a
redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statues, Section 469.002,
subdivision 14 (the "Redevelopment Project"). In order to finance the public redevelopment costs to be
incurred in connection with the Project Plan and the Redevelopment Project,the HRA 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. 17 within the Project Area. It has
been proposed that the Board of Commissioners of the HRA and the City Council approve the Project Plan
and Financing Plan, and that this Council hold a public hearing on the Project Plan and 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 Amended Project Plan and
Financing Plan at 7:00 p.m. on January 16,2001,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 November 21,2000.
ATTEST:
jeanMarr�is,Ma�yor
WM/0 04 d A
K hleen A. Porta, City Clerk
EXHIBIT A
NOTICE OF PUBLIC HEARING ON APPROVAL OF AN AMENDED PROJECT PLAN
FOR REDEVELOPMENT_ _11 1 111 IN AND FOR THE CITY OF EDEN
PRAIRIE AND ON APPROVAL OF A TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING(QUALIFIED HOUSING) OF THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF EDEN
PRAIRIE,MINNESOTA
NOTICE IS HEREBY GIVEN that the City Council of the City of Eden Prairie will hold
a public hearing on approval of the an Amended Project Plan(the Project Plan)for Redevelopment
Project Area No. 5 (the Project Area)and approval of a Tax Increment Financing Plan(the Financing
Plan) for Tax Increment Financing(Qualified Housing)District No. 17 (the Financing District) of
the Housing and Redevelopment Authority of the City of Eden Prairie(the HRA) at 7:00 p.m. on
Tuesday, January 16, 2001, in the City Council Chambers, 8080 Mitchell Road, Eden Prairie,
Minnesota.
The Project Plan and Financing Plan provide for the financing with tax increment revenue
generated by the Financing District established by the Financing Plan of certain public
redevelopment costs to be incurred by the HRA or the City in connection with carrying out the
Project Plan for the Project Area.
Accompanying this notice is a map of a portion of the City. The map shows the area
encompassed by the Project Area and 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 Project Plan and 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