HomeMy WebLinkAboutResolution - 97-115 - Calling a Public Hearing to Consider Establishing a Tax Increment Financing District - 06/17/1997 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 97-115
A RESOLUTION CALLING FOR A PUBLIC HEARING ON APPROVAL OF A PROJECT PLAN FOR
REDEVELOPMENT PROJECT AREA NO. 6 IN AND FOR THE CITY OF EDEN PRAIRIE AND ON
APPROVAL OF A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING
(QUALIFIED HOUSING)DISTRICT NO. 14
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
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. 4(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. 14 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 Project Plan and Financing
Plan at 7:30 p.m.on August 5, 1997,in the Council Chambers of the Eden Prairie City Center, 8080 Mitchell Road,
Eden Prairie, Minnesota. The Finance Director/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 June 17, 1997.
ATTEST:
M
jea�nL. Harris, Mayor
Joh rave, Finance Director/Clerk
EXHIBIT A
NOTICE OF PUBLIC HEARING ON APPROVAL OF A PROJECT PLAN FOR REDEVELOPMENT
PROJECT AREA NO. 6 IN AND FOR THE CITY OF EDEN PRAIRIE AND ON APPROVAL OF A
TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING (QUALIFIED
HOUSING)DISTRICT NO. 14 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 Project Plan(the Project Plan) for Redevelopment Project Area No.6 (the Project Area) and
approval of a Tax Increment Financing Plan(the Financing Plan)for Tax Increment Financing(Qualified Housing)
District No. 14 (the Financing District) of the Housing and Redevelopment Authority of the City of Eden Prairie
(the HRA) at 7:30 p.m. on Tuesday, August 5, 1997, 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.
tin Frane,Finance Director/Clerk