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HomeMy WebLinkAboutResolution - 92-46 - Relating to Development District No. 1 and TIF Districts 1-7 and Adopting Amendments to the Development Program for TIF Plans - 04/07/1992 RESOLUTION NO. 92-46 RESOLUTION RELATING TO DEVELOPMENT DISTRICT NO. 1 AND TAX INCREMENT FINANCING DISTRICTS NOS . 1, 2, 3, 4, 5, 6 AND 7; ADOPTING AMENDMENTS TO THE DEVELOPMENT PROGRAM AND TAX INCREMENT FINANCING PLANS THEREFOR BE IT RESOLVED by the City Council of the City of Eden Prairie, Minnesota (the "City") , as follows : Section 1 . Recitals . 1 _01 . On September 22, 1981, this Council designated under Minnesota Statutes, Sections 469 .124 to 469 .134, as amended, certain land within the City as Development District No. 1 (the "Development District") and adopted a Development Program therefor. The Development Program was subsequently amended by this Council on March 30, 1982, May 17, 1983 and April 17, 1990 (as so amended, the "Original Program") . Pursuant to the Minnesota Tax Increment Financing Act, Minnesota Statutes, Sections 469 . 174 to 469. 179, as amended (the "Act") , this Council has established Tax Increment Financing Districts Nos . 1, 2, 3, 4, 5, 6 and 7 (collectively, the "Districts") within the Development District and has adopted and in some cases amended Tax Increment Financing Plans therefor (as originally adopted or, if amended, as so amended, the "Original Plans") on the dates indicated below: Tax Increment Date of Adoption _ District No. or Amendment 1 9/2/81; amended 3/30/82 and 5/17/83 2 3/30/82; amended 5/17/83 and 4/17/90 3 11/16/82; amended 5/17/83 and 4/17/90 4 3/15/83; amended 5/17/83 and 4/17/90 5 5/17/83; amended 4/17/90 6 8/16/83; amended 4/17/90 7 4/17/84; amended 4/17/90 1 .02 . It has been proposed that the City further amend its Development Program (the "Program Amendment") in order to undertake additional development activities and to amend the Original Plans (the "Plan Amendment") to provide a means of financing the capital and administrative costs to be incurred by the City in undertaking the development activities authorized by the Program Amendment . The Program Amendment has been transmitted to the planning agency of the City, which has determined that the Original Program as amended and supplemented by the Program Amendment (as so amended and supplemented, the "Program") conforms to the general plan for the development of the City. 1 .03 . Pursuant to Minnesota Statutes, Sections 469.126 and 469. 175, the adoption of the Program Amendment and Plan Amendment is for the consideration of this Council. On March 17 and April 7, 1992, this Council conducted a public hearing on the desirability of adopting the Program Amendment and the Plan Amendment . Notice of the public hearing was duly published as required by law in the Eden Prairie News, the official newspaper of the City on March 5 , 1992 . 1 .04 . Members of the Board of County Commissioners of Hennepin County, the Board of Education of Independent School District No. 272 and the Board of Education of Independent District No. 287 were given an opportunity to meet with the City and comment on the Plan Amendment. At least 30 days before the public hearing the City provided the county and the school district boards with information on the fiscal and economic implications of the Plan Amendment . Section 2 . Adoption of Program Amendment . On the basis of the proposed Program Amendment prepared by officers of the City and the information elicited from consultation with the planning agency and at the public hearing referred to in Section 1.03, it is hereby found, determined and declared: 2 .01 . The Council hereby ratifies and confirms its determination that there is a need for new development in the area of the City encompassed by the Development District to provide employment opportunities, to improve the tax base and to improve the general economy of the state. The Program Amendment proposes that the City undertake certain additional public street improvements to encourage the development of land in the Development District. The Council hereby finds that the proposed development activities to be undertaken pursuant to the Program Amendment would improve the Development District by encouraging private development of property therein, thereby increasing employment and the tax base of the City and overlapping tax jurisdictions . It is in the best interests of the City to adopt the Program Amendment . 2 .02 . Upon review of the Program, the information • elicited from the planning agency and at the public hearing, and on the basis of the findings made in Section 2 .01, this Council hereby adopts the Program Amendment and orders that it be placed on file in the office of the City Clerk. Section 3 . Approval of Plan Amendment . On the basis of the Plan Amendment and the information elicited at the public hearing referred to in Section 1 .03, it is hereby found, determined and declared: 3 .01. The Plan Amendment provides the means to finance the costs of the additional public street improvements to be undertaken pursuant to the Program Amendment . The Original Plans, as amended and supplemented by the Plan Amendment (as so amended and supplemented, the "Plans") contain a statement of objectives for the improvement of the Development District, a statement as to the development program for the respective District and a statement of the property within the Development District which the City intends to acquire. The Plans also estimate the capital and administrative costs of the Development District, the amount of bonded indebtedness to be incurred, the sources of revenues to finance or otherwise pay public costs of the respective District, the captured net tax capacity of the respective District at completion and the duration of the District. The Plans also describe and identify the development activities to be undertaken or expected to be undertaken in each District. The Plan Amendment • further contains an estimate of the impact of the proposed tax increment financing on the net tax capacities of all taxing jurisdictions in which each District is located. All the captured tax capacity is necessary for the objectives of each District . 3.02 . This Council hereby finds based on a Memorandum of the City Manager that the proposed development of the Development District to be encouraged pursuant to the Program Amendment would not, in the opinion of this Council, occur solely through private investment within the reasonably foreseeable future and that therefore the use of tax increment financing is necessary. Improvements to the street and highway access traffic flow and water supply are necessary in order to permit additional development to occur within the Development District. 3 .03 . This Council hereby finds based on a Memorandum of the City Engineer that the Plans conform to the general plan for the development of the City as a whole. Under the general plan for the development of the City the Districts are zoned so as to permit the uses proposed by the Program Amendment. 3.04 . This council hereby ratifies and confirms that the Plan Amendment will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development of each of the Districts by private enterprise. The development activities contemplated in the Program Amendment would provide an opportunity for a significant increase in employment opportunities in the City and enhance the tax base of the City. 3 .05 . Upon review of the Plans, the information elicited at the public hearing and on the basis of the findings in Sections 3.01 to 3 .04, this Council hereby approves the Plan Amendment . Section 4 . Filina. The Finance Director/Clerk is hereby authorized and directed to file the Program Amendment and the Plan Amendment with the Commissio of R enue as required by Minnesota Statutes, Section 469. 175, ub ivis on 2III 4110411 Mayor Attest : Fin ce irector/Clerk 1992-1 AMENDMENT OF DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 and 1992-1 AMENDMENT OF TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT DISTRICTS NOS. 1, 2, 3, 4, 5, 6 AND 7 April 7, 1992 CITY OF EDEN PRAIRIE, MINNESOTA I . INTRODUCTION • The City Council of the City of Eden Prairie, Minnesota (the "City") has determined that there is a need for the development of an area of the City designated as Development District No. 1 (the "Development District") , and has adopted a development program therefor, dated September 22, 1981 and subsequently amended on March 30, 1982, May 17, 1983 and April 17, 1990 (as so amended, the "Original Program") , for development of the Development District. It is now necessary to amend the Original Program to provide for further actions to be taken in furtherance of development in the Development District. The actions to be taken by the City pursuant to this 1992-1 Amendment to Development Program (the "Program Amendment") are necessary to secure the development of the property included in the Development District at this time and in a manner which will best meet those needs . In order to finance the capital and administration costs to be incurred by the City in connection with the Development District, the City adopted, and in certain cases modified, on the dates indicated below tax increment financing plans (as so modified, the "Original Plans") for the following Tax Increment Districts (collectively, the "Districts") : Tax Increment Date of Adoption Tax Increment Date of Adoption District No. or Modification District No. or Modification • 1 9/22/81; modified 5 5/17/83; modified 3/20/82 and 5/17/83 4/17/90 2 3/20/82; modified 6 8/16/83; modified 5/17/83 'and 4/17/90 4/17/90 3 11/16/82; modified 7 4/17/84; modified 5/17/83 and 4/17/90 4/17/90 4 3/15/83; modified 5/17/83 at 4/17/90 It is now necessary to amend the Original Plans by the following Plan Amendment to authorize additional expenditures to be financed with tax increment revenues . The Plan Amendment will not authorize the incurrence of additional bonded indebtedness or change the boundaries or the legal duration of any of the Districts . The Program Amendment and the Plan Amendment are adopted by the City Council of the City pursuant to the Development District Act, now codified at Minnesota Statutes, Sections 469.124 to 469. 134, as amended, and the Tax Increment Financing Act, now codified at Minnesota Statutes, Sections 469.174 to 469 .179, as amended. II . 1992-1 AMENDMENT TO DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 A. Development Activities . The Development Activities are contained in Section 1 .5 of the Original Program and are amended to include the 1992-1 Project, described on Exhibit A attached hereto and made a part hereof. B. Land Use Considerations . The public facilities described in Section A are financially feasible and compatible with long-range development plans. Acquisition of rights-of-way and easements for the improvements described in Section A will provide impetus for private development within the Development District. C. Environmental Controls . It is presently anticipated that the Development Activities proposed in the Development District as set forth in this Program Amendment will not present major environmental problems. All municipal actions, public improvements and private development will be carried out in a manner that will comply with applicable environmental standards. D. Estimated Cost of 1992-1 Project . Estimated costs associated with the 1992-1 Project is $400,000, including acquisition, relocation, demolition and site clearance costs, public improvement costs, the cost of professional services for planning, design, engineering and appraisals, contingencies, and administration costs calculated at 5%. The elements and the costs of the 1992-1 Project shown above are estimated to be necessary based upon the best engineering and cost information now available . It is anticipated that the elements of the costs of the 1992-1 Project may decrease or increase, but that the total costs will not exceed the amount shown above. E. Effect of Program Amendment . Except as amended and supplemented by this Program Amendment, the Original Program remains in full force and effect and its provisions apply to the provisions of this Program Amendment, except to the extent amended or supplemented hereby. III . PLAN AMENDMENTS A. Estimated] Capital and Administrative Costs of the 1992-1 Project . The estimated Capital and Administrative Costs of the 1992-1 Project will not be greater than the estimated Capital and Administrative Costs set forth in the Original Plans. -2- B. Payment of Capital and Administrative Costs. • 1 . In General . All Capital and Administrative Costs of the 1992-1 Project will be paid from Tax Increment derived from the Districts. The City reserves the right to levy special assessments to finance in whole or in part the costs of the 1992-1 Project. 2 . Bonded Indebtedness To Be Incurred. No indebtedness evidenced by Tax Increment Bonds will be incurred in connection with the 1992-1 Project. The City reserves the right to issue Special Assessment Bonds to pay, if necessary, costs of the 1992-1 Project. C. Fiscal and Economic Implications of Plan Amendment. The Plan Amendment has no fiscal and economic implication apart from those specified in the Original Plans since the Capital and Administrative Costs will not be greater than those set forth in the Original Plans . D. Effect of Plan Amendment . Except as amended and supplemented by this Plan Amendment, each of the Original Plans remains in full force and effect and its provisions apply to the respective provisions of this Plan Amendment, except to the extent amended or supplemented hereby. This Program Amendment and his P1 n Amendment were adopted by the City Council of the C t of E en Prairi , Minnesota on the 7th day of April, 1992. AAA I Mayor Attest: y Clerk -3- EXHIBIT A 1992-1 PROJECT DESCRIPTION Columbine Road Extension from Prairie Center Drive to Commonwealth Drive. • i i • —rn 7i YY!A QA j L: •Yn «Y«x..w 1 =•.. .•.�+,+ yam- - v� _ - � Y. W i a _ 'r r kn- 1 i �. �z u a•a lo La cm IV •/ / (.i3�LLitJ� r • .... • w CM \ V } s • hA.23Lci a .; � •f� TTf •r; •:ti. � i t - MEMORANDUM - TO: Mayor and City Councilmembers FROM: Carl Jullie, City Manager DATE: April 2, 1992 SUIUCT: Tax Increment District Nos. 1, 2, 3, 4, 5, 6 and 7 Improvements described in the 1992-1 Amendment of Development Program for Development District No. 1 and the 1992-1 Amendment of Tax Increment Financing Plans for Tax Increment District Nos. 1, 2, 3, 4, 5, 6 and 7 have been contemplated at least since the early 1970's and efforts have been made to construct the improvements through local improvement special assessments to benefited lands procedure or through other private investment alternatives. Accomplishing this objective has met with only limited success with respect to a small part of the project. Improvements to street access and traffic flow has not historically been within the capability of private investment and there is no indication in the light of present economic conditions that private investment could, in the reasonably foreseeable future, cause the improvements to be made. Improvements to the street access and traffic flow, are necessary in order to permit additional development to occur within Development District No. 1. The proposed development activity will encourage private development of property within the Development District thereby increasing employment and the tax base of the City and overlapping tax jurisdictions. Carl J. JuIEIfity Manager - MEMORANDUM - TO: Mayor and City Councilmembers THROUGH: Carl 1. 7ullie, City Manager FROM: Alan D. Gray, City Engineer DATE: April 2, 1992 SUBJECT: Tax Increment District Nos. 1, 2, 3, 4, 5, 6, and 7 I or the persons on my staff have inspected the location for the proposed project described in Exhibit A to the 1992-1 Amendment of Development Program. for Development District No. 1 and 1992-1 Amendment of Tax Increment Financing District Nos. 1, 2, 3, 4, 5, 6 and 7. The project described therein is wholly contained within the boundaries of Development District No. 1. Under the general plan for development of the City the Districts are zoned so as to permit the uses proposed by the Amended Development Program. The proposed project conforms to the general plan for the development of the City as a whole. Alan D. Gray, City Engineer After some discussion, Councilmember introduced the following resolution and moved its adoption: RESOLUTION NO. 92-46'B RESOLUTION RELATING TO DEVELOPMENT DISTRICT NO. 1 AND TAX INCREMENT FINANCING DISTRICTS NOS . 1, 2, 3, 4, 5, 6 AND 7; ADOPTING AMENDMENTS TO THE DEVELOPMENT PROGRAM AND TAX INCREMENT FINANCING PLANS THEREFOR BE IT RESOLVED by the City Council of the City of Eden Prairie, Minnesota (the "City") , as follows : Section 1 . Recitals . 1 .01. On September 22, 1981, this Council designated under Minnesota Statutes, Sections 469 .124 to 469 .134, as amended, certain land within the City as Development District No. 1 (the "Development District") and adopted a Development Program therefor. The Development Program was subsequently amended by this Council on March 30, 1982, May 17, 1983 and April 17, 1990 (as so amended, the "Original Program") . Pursuant to the Minnesota Tax Increment Financing Act, Minnesota Statutes, Sections 469 . 174 to 469. 179, as amended (the "Act") , this Council has established Tax Increment Financing Districts Nos . 1, 2, 3, 4, • 5, 6 and 7 (collectively, the "Districts") within the Development District and has adopted and in some cases amended Tax Increment Financing Plans therefor (as originally adopted or, if amended, as so amended, the "Original Plans") on. the dates indicated below: Tax Increment Date of Adoption District No. or Amendment 1 9/2/81; amended 3/30/82 and 5/17/83' 2 3/30/82; amended 5/17/83 and 4/17/90 3 11/16/82; amended 5/17/83 and 4/17/90 4 3/15/83; amended 5/17/83 and 4/17/90 5 5/17/83; amended 4/17/90 6 8/16/83; amended 4/17/90 7 4/17/84; .amended 4/17/90 1.02 . It has been proposed that the City further amend its Development Program (the "Program Amendment") in order to undertake additional development activities and to amend the Original Plans (the "Plan Amendment") to provide a means of financing the capital and administrative costs to be incurred by the City in undertaking the development activities authorized by the Program Amendment . The Program Amendment has been transmitted to the planning agency of the City, which has determined that the Original Program as amended and supplemented by the Program Amendment (as so amended and supplemented, the "Program") conforms to the general plan for the development of the City. 1.03 . Pursuant to Minnesota Statutes, Sections 469.126 and 469.175, the adoption of the Program Amendment and Plan Amendment is for the consideration of this Council. On March 17 and April 7, 1992, this Council conducted a public hearing on the desirability of adopting the Program Amendment and the Plan Amendment . Notice of the public hearing was duly published as required by law in the Eden Prairie News, the official newspaper of the City on _April 9 , 1992 . 1 .*04 . Members of the Board of County Commissioners of Hennepin County, the Board of Education of Independent School District No. 272 and the Board of Education of Independent District No. 287 were given an opportunity to meet with the City and comment on the Plan Amendment. At least 30 days before the public hearing the City provided the county and the school 6� district boards with information on the fiscal and economic implications of the. Plan Amendment . Section 2 . Adoption of Program Amendment . On the basis of the proposed Program Amendment prepared by officers of the City and the information elicited from consultation with the planning agency and at the public hearing referred to in Section 1.03, it is hereby found, determined and declared: 2 .01. The Council hereby ratifies and confirms its determination that there is a need for new development in the area of the City encompassed by the Development' District to provide employment opportunities, to improve the tax base and to improve the general economy of the state. The Program Amendment proposes that the City undertake certain additional public street improvements to encourage the development of land in the Development District. The Council hereby finds that the proposed development activities to be undertaken pursuant to the Program Amendment would improve the Development District .by encouraging private development of property therein, thereby increasing employment and the tax base of the City and overlapping tax jurisdictions . It is in the best interests of the City to adopt the Program Amendment . 2 .02 . Upon review of the Program, the information elicited from the planning agency and at the public hearing, and i on the basis of the findings made in Section 2 .01, this Council hereby adopts the Program Amendment and orders that it be placed on file in the office of the City Clerk. Section 3 . Lpproyal of Plan Amendment . On the basis of the Plan Amendment and the information elicited at the public hearing referred to in Section 1 .03, it is hereby found, determined and declared: 3 .01 . The Plan Amendment provides the means to finance the costs of the additional public street improvements to be undertaken pursuant to the Program Amendment . The Original Plans, as amended and supplemented by the Plan Amendment (as so amended and supplemented, the "Plans") contain a statement of objectives for the improvement of the Development District, a statement as to the development program for the respective District and a statement of the property within the Development District which the City intends to acquire. The Plans also estimate the capital and administrative costs of the Development District, the amount of bonded indebtedness to be incurred, the sources of revenues to finance or otherwise pay public costs of the respective District, the captured net tax capacity of the respective District at completion and the duration of the District. The Plans also describe and identify the development activities to be undertaken or expected to be undertaken in each District. The Plan Amendment further contains ' an estimate of the impact of the proposed tax increment financing on the net tax capacities of all taxing jurisdictions in which each District is located. All the captured tax capacity is necessary for the objectives of each District. 3 .02 . This Council hereby finds based on a Memorandum of the City Manager that the proposed development of the . Development District to be encouraged pursuant to the Program Amendment would not, in the opinion of this Council, occur solely through private investment within the reasonably foreseeable future and that therefore the use of tax increment financing is necessary. Improvements to the street and highway access traffic flow and water supply are necessary in order to permit additional development to occur within the Development District. 3 .03 . This Council hereby finds based on a Memorandum of the City Engineer that the Plans conform to the general plan for the development of the City as a whole. Under the general plan for the development of the City the Districts are zoned so as to permit the •uses proposed by the Program Amendment, 3 .04 . This council hereby ratifies and confirms that the Plan Amendment will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development of each of the Districts by private enterprise. The development activities contemplated in the Program Amendment would provide an opportunity for a significant increase in employment opportunities in the City and enhance the tax base of the City. 3 .05. Upon review of the Plans, the information elicited at the public hearing and on the basis of the findings in Sections 3.01 to 3 .04, this Council hereby approves the Plan Amendment . Section 4 . Filing. The Finance Director/Clerk is hereby authorized and directed to file the Program Amendment and the Plan Amendment with the Commiss ' er of evenue a required by Minnesota Statutes, Section 469. 175 S bdivi ion Mayor Attest : Fina e irector/Clerk 1992 AMENDMENT OF DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 and 1992 AMENDMENT OF TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT DISTRICTS NOS. 1, 2, 3, 4, 5, 6 AND 7 April 21, 1992 CITY OF EDEN PRAIRIE, MINNESOTA I. INTRODUCTION The City ;Council of the City of Eden Prairie, Minnesota (the "City") has determined that there is a need for the development of an area of the City designated as Development District No. 1 (the "Development District") , and has adopted a development program therefor, dated September 22, 1981 and subsequently amended on March 30, 1982, May 17, 1983 and April 17, 1990 (as so amended, the "Original Program") , for development of the Development District. It is now necessary to amend the Original Program to provide for further actions to be taken in furtherance of development in the Development District. The actions to be taken by the City pursuant to this 1992 Amendment to Development Program (the "Program Amendment") are necessary to secure the development of the property included in the Development District at this time and in a manner which will best meet those needs . In order to finance the capital and administration costs to be incurred by the City in connection with the Development District, the City adopted, and in certain cases modified, on the dates indicated below tax increment financing plans (as so modified, the "Original Plans") for the following Tax Increment Districts (collectively, the "Districts") : Tax Increment Date of Adoption Tax Increment Date of Adoption District No. or Modification District No . or Modification 1 9/22/81; modified 5 5/17/83; modified 3/20/82 and._.5/17/83 4/17/90 2 3/20/82; modified 6 8/16/83; modified 5/17/83 and 4/17/90 4/17/90 3 * 11/16/82; modified 7 4/17/84; modified 5/17/83 and 4/17/90 4/17/90 4 3/15/83; modified 5/17/83 at 4/17/90 It is now necessary to amend the Original Plans by the following Plan Amendment to authorize additional expenditures to be financed with tax increment revenues. The Plan Amendment will not authorize the incurrence of additional bonded indebtedness or change the boundaries or the legal duration of any of the Districts . The Program Amendment and the Plan Amendment are adopted by the City Council of the City pursuant to the Development District Act, now codified at Minnesota Statutes, Sections 469 . 124 to 469 . 134, as amended, and the Tax Increment Financing Act, now codified at Minnesota Statutes, Sections 469 . 174 to 469 .179, as amended. II. 1992 AMENDMENT TO DEVELOPMENT PROGRAM FOR DEVELOPMENT • DISTRICT NO. 1 A. Development Activities . The Development Activities are contained in Section 1 .5 of the Original Program and are amended to include the 1992 Project, described on Exhibit A attached hereto and made a part hereof. B. j,and Ilse Considerations . The public facilities described in Section A are financially feasible and compatible with long-range development plans . Acquisition of rights-of-way and easements for the improvements described in Section A will provide impetus for private development within the Development District. C. Environmental_ Controls . It is presently anticipated that the Development Activities proposed in the Development District as set forth in' this Program Amendment will not present major environmental problems . All municipal actions, public improvements and private development will be carried out in a manner that will comply with applicable environmental standards. D. Estimated Cost of 1992 Project . Estimated costs associated with the 1992 Project are $17, 600, 000, including acquisition, relocation, demolition and site clearance costs, public improvement costs, the cost of professional services for planning, design, engineering and appraisals, contingencies, and • administration costs calculated at 50 . The elements and the costs of the 1992 Project shown above are estimated to be necessary based upon the best. engineering and cost information now available . It is anticipated that the elements of the costs of the 1992' Project may decrease or increase, but that the total costs will not exceed the amount shown above. E.' Effect of Program Amendment . Except as amended and supplemented by this Program Amendment, the Original Program remains in full force and effect and its provisions 'apply to the provisions of this Program Amendment, except to the extent amended or supplemented hereby. III. PLAN AMENDMENTS A. Estimated Capita and Administrative Costs of the 1992 Protect . The estimated Capital and Administrative Costs of the 1992 Project will not be greater than the estimated Capital and Administrative Costs set forth in the Original Plans. -2- B. Payment of Capital and Administrative Costs . 1. In General. All Capital and Administrative Costs of the 1992 Project will be paid from Tax Increment derived from the Districts . The City reserves the right to levy special Assessments to finance in whole or in part the costs of the 1992 Project. 2 . Bonded Indebtedness To Be Incurred. No indebtedness evidenced by Tax Increment Bonds will be incurred in connection rait2i the 1992 Project . The City reserves the right to issue Special Assessment Bonds to pay, if necessary, costs of the 1992 Project. C. Fiscal and Economic Implications of Plan Amendment . The Plan Amendment has no fiscal and economic implication apart from those specified in the Original Plans since the Capital and Administrative Costs will not be -greater than those set forth in the Original Plans . D. Effect of Plan Amendment . Except as amended and supplemented by this Plan Amendment, each of the Original Plans remains in full force and effect and its provisions apply to the respective provisions of this Plan Amendment, except to the extent amended or supplemented hereby. This Program Amendment an his P1 Amendment were adopted by the City Council of the it of E en Prair Minnesota on the 19th- day of May , 1992. Mayo Attest: i y Clerk -3- EXHIBIT A 1992 PROJECT DESCRIPTION LIST 1. Traffic Signals : a. Prairie Center Drive at Franlo Road b. Prairie Center Drive at Columbine Road C. Prairie Center Drive at Singletree Lane d. Prairie Center Drive at West 78th/Technology Drive e. Prairie Center Drive at Plaza Drive f. Valley View Road at Plaza Drive g. Mitchell Road at Technology Drive h. T.H. 169 at Fountain Place i. Valley View Road at I-494 ramp terminals j . Prairie Center Drive at I-494 ramp terminals k. ' T.H. 169- at Leona Road 2 . Medcom Boulevard (Joiner Way to Franlo Road) : grading, surfacing, concrete curb and gutter, storm sewer and right-of-way. 3 . West 78th Street (Prairie Center Drive to CSAH 18) : grading, surfacing, concrete curb and gutter and storm sewer. 4 . Technology Drive (Prairie Center Drive to T.H-. 169) : grading, surfacing, concrete curb and gutter and storm - sewer. 5 . • Valley View Road (Flying Cloud Drive to Nine Mile Creek) : grading, surfacing, concrete curb and gutter, storm sewer and watermain. 6. Columbine Road (Prairie Center Drive to Primrose Lane) : grading, surfacing, concrete curb .and 'gutter, storm, sewer and right-of-way. 7 . Singletree Lane (Eden Road to T.H. 169) : grading, surfacing, concrete curb and gutter, storm sewer and right-of-way. 8 . Leona Road (Flying Cloud Drive to West 78th Street) : grading, surfacing, concrete curb and gutter, storm sewer and right-of-way. 9 . T.H. 212 (I-494 to Mitchell Road-Cooperative Agreement with MNDOT) : storm sewer, utilities and trails . 10 . Water System Improvements: a. Elevated storage (2MG) b. Distribution (20" watermain west of Prairie Center - Drive) 11. Street Lighting: a. Prairie Center Drive e. Valley View Road b. Technology Drive f. West 78th Street C. Singletree Lane g. Columbine Road d. Eden Road h. Plaza Drive 12 . Purgatory Creek Park Improvements : dredging, grading, plaza and parking area surfacing, fountains and trails. 13 . Intersection Capacity improvements* fiom 1985 "Prairie Center Drive/County Road 18 Traffic Study" a. Bryant Lake Drive at Valley View Road b. Prairie Center Drive at Valley View Road (East T.H. 169) C. Prairie Center Drive between Viking Drive and 78th Street d. T.H. 169 additional through lane at Prairie Center Drive e. Valley View Road at Washington Avenue 14 . First Phase soil correction (surcharging) of realigned Technology Drive west of Prairie Center Drive in conjunction with T.H. 212 Improvements 15 . Miscellaneous pedestrian trails/sidewalks a. Trails and sidewalks along each side of Prairie Center Drive east of T.H. 169 -to West 78th Street b. Trail around Lake Idlewild C. Sidewalk along east side of Top View Drive between Roberts Drive and Valley View Road 16. Columbine' Road extension from Prairie Center Drive to Common Wealth Drive n 17. Urban design features in Major Center Arealgreenway connections a. Street lighting enhancement b. Decorate pedestrian lighting C. Sidewalks d. Landscaping e. Street furniture f. Pedestrian overpass g. Land Bank for economic development 18. Park acquisition on Lake Idlewild (1-2 acres) 19. Wetland mitigation sites ' , IC ��� —_ 7 • • 1 1 • 4 �lI II it� � , _ 1 • 0 f t •t �—.r—_� C L e � r — •• •1i40.. / y s III'�� • Al [j` • ] YYY x LLJ CD LL- �� lSJ'i •14 t .... ..• •,,. N �. � � t€ +tea•�f r�_� � ���j`� � � a FT - MEMORANDUM - TO: Mayor and City Councilmembers FROM: Carl J. Jullie, City Manager DATE: March 13, 1992 SUBJECT: Tax Increment District Nos. 1, 2, 3, 4, 5, 6 and 7 Improvements described in the 1992 Amendment of Development Program for Development District No. .1 and the 1992 Amendment of Tax Increment Financing Plans for Tax Increment District Nos. 1, 2, 3, 4, 5, 6 and 7 have been contemplated at least since the early 1970's and efforts have been made to construct the improvements through local improvement special assessments to benefited lands procedure or through other private investment alternatives. Accomplishing this objective has met with only limited success with respect to a small part of the project. Improvements to street and highway access, traffic flow and the water supply has not historically been within the capability of private investment and there is no indication in the light of present economic conditions that private investment could, in the reasonably foreseeable future, cause the improvements to be made. Improvements to the street and highway access, traffic flow, water supply and public parks are necessary in order to permit additional development to occur within Development District No. 1. Carl J. Jull e( ity Manager • - MEMORANDUM - TO: Mayor and City Councilmembers THROUGH: Carl J. Jullie, City Manager FROM: Eugene A. Dietz, Director of Public Works, DATE: March 13, 1992 SUBJECT: Tax Increment Districts No. 1, 2, 3, 4, 5, 6 and 7 I or the persons on my staff have inspected the locations for the proposed projects described in Exhibit A to the 1992 Amendment of Development Program for Development District No. 1 and 1992 Amendment of Tax Increment Financing District Nos. 1, 2, 3, 4, 5, 6 and 7. The project described therein is wholly contained within the boundaries of Development District No. 1. Under the general plan for development of the City the Districts are zoned so as to permit the uses proposed by the Amended Development Program. EAD:ssa • - MEMORANDUM - TO: Mayor and City Councilmembers THROUGH: Carl 7ullie, City Manager �~ FROM: Eugene A. Dietz, Director of Public Works lu DATE: March 13, 1992 SUBJECT: Tax Increment Finance Project List The attached project list includes all of the projects that have been discussed and presented in the past. In addition to the description of the projects, a budget estimate is included for reference. City staff has reviewed the projects and have placed them in priority from our perspective, which can be a starting point for Council discussion. • Based on the funding available, the first 14 or 15 projects can be accommodated. This of course would change based on Council input and input at the public hearing from residents. After comments are received at the public hearing, it is recommended that the City Council establish a prioritization of the projects. With this information in hand, staff can then develop a schedule and cash flow analysis which will determine the actual number of projects that can be constructed or funded with the TIF revenue. This cash flow analysis could be made available at the following council meeting for review and final decisions to be made. EAD:ssa Dsk:GDITIF-REPO.RTl PROJECT LIST DESCRIPTION • (STAFF PRIORITIZED) 1. Columbine Road extension from Prairie Center Drive to Common Wealth Drive ($400,000) (R/W closing required by April 1, 1992) 2. Signals ($800,000) a. Intersection of Prairie Center Drive and Franlo Road b. Intersection of Columbine Road and Prairie Center Drive C. Intersection of Singletree Lane and Prairie Center Drive d. Intersection of Technology Drive and Prairie Center Drive e. Intersection of Plaza Drive and Prairie Center Drive f. Intersection of Plaza Drive and Valley View Road g. Intersection of Technology Drive and Mitchell Road h. Intersection of Fountain Place and T.H. 169 i. Ramp terminals at I494 and Valley View Road j. Ramp terminals at I-494 and Prairie Center Drive k. Intersection of T.H. 169 and Leona Road 3. Leona Road reconstruction to provide new intersection with West 78th Street ($200,000) • 4. Singletree Lane widening and addition of tam lanes between Eden Road and T.H. 169 ($350,000) 5. City share of cost to create Purgatory Recreation Area Park improvements west of Prairie Center Drive ($1,800,000) 6. Urban design features in Major Center Area/greenway connections ($1,600,000) a. Street lighting enhancement b. Decorate pedestrian lighting C. Sidewalks d. Landscaping e. Street furniture f. Pedestrian overpass g. Land bank for economic development (up to $1 million) 7. City cost attributable to the MnDOT project to construct T.H. 212 between I-494 and Mitchell Road ($500,000) 8. Columbine Road Extension to Prairie Center Drive ($520,000) 9. Projects identified in the 1985 BRW Traffic Study • ($645,000) a. Additional turn lanes on Bryant Lake Drive at Valley View Road b. Intersection improvements at Prairie Center Drive and Valley View Road C. Through lane and intersection improvements on Prairie Center Drive between Viking Drive and West 78th Street d. Additional through lane in each direction on T.H. 169 at Prairie Center Drive and extension of turn lane between T.H. 169 and Joiner Way on Prairie Center Drive e. Intersection improvements at Washington Avenue and Valley View Road 10. Permanent street lighting improvements in Major Center Area ($800,000) a. Prairie Center Drive f. West 78th Street b. Technology Drive g. Columbine Road C. Eden Road h. Plaza Drive e. Valley View Road i. Singletree Lane 11. Miscellaneous pedestrian trails/sidewalks ($110,000) a. Trails and sidewalks along each side of Prairie Center Drive east of T.H. 169 to West 78th Street b. Trail around Lake Idlewild C. Sidewalk along east side of Top View Drive between Roberts Drive and Valley View Road M12. Medcom Boulevard Extension from Joiner Way to Franlo Road ($221,000) 13: Valley View Road improved to urban section and construct permanent creek crossing,northeast of Flying Cloud Drive ($600,000) 14. Wetland mitigation sites ($200,000) 15. Park acquisition on Lake Idlewild (1-2 acres) ($200,000) 16. West 78th Street, widened to four lanes from.Prairie Center Drive to CSAH 18 ($1,00o,000) 17. Technology Drive, widened to four lanes from Prairie Center Drive to CSAH 169 ($630,000) 18. Water system improvements ($2,600,000) a. New 2,000,000 gallon elevated water storage b. 20" diameter trunk watermain extension between water plant and Prairie Center Drive 19. First Phase soil correction (surcharging) of realigned Technology Drive west of Prairie Center Drive in conjunction with T.H. 212 improvements (Delete-to be done by MnDOT) S.QUFHit�f.:ETF�3TrZ11:SIT !'!'!1{,LLL------...L 7600 Executive Drive Eden Prairie,Mtn 55344 April 28, 1992 (612)934-7928 Fax(612)937-7411 TO: Mayor and City Council, City of Eden Prairie FROM: Diane Harberts, Administrator SUBJECT: Transit Service, Fountain Place/Columbine Road Southwest Metro Transit has for some time wished to accommodate the requests for downtown Minneapolis express service from residents in Fountain Place-area apartments. Service is not provided because it is not feasible for the buses to make a left turn from Fountain Place onto Highway 169. The closest service is now at Eden Prairie Center and we understand that many residents are unable to drive there. Either of two improvements proposed by the City of Eden Prairie would enable'us to provide service through this area: • traffic signals at Fountain Place and Highway 169 (which would allow buses to make a left turn safely) • extension of Columbine Road to Prairie Center Drive (buses could reach the Eden Prairie Center'via Prairie Center Drive). We would appreciate the Council's serious consideration of these improvements. They would help Southwest Metro Transit improve our service to Eden Prairie residents. Thank you.