HomeMy WebLinkAboutResolution - 99-60 - Set Public Hearing date to Establish Tax Increment District - 05/04/1999 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,NIINNESOTA
RESOLUTION NO.99-60
A RESOLUTION CALLING FOR A PUBLIC HEARING ON APPROVAL AN AMENDED
PROJECT PLAN FOR REDEVELOPMENT PROJECT AREA NO.5 IN AND FOR THE CITY OF
EDEN PRAIRIE, AND A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING(QUALIFIED HOUSING)DISTRICT NO. 15
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. 15 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 June 15, 1999, 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 May 4, 1999.
J an L.Hams,Mayor
ATTEST:
1"eal
f
Ka hleen A.Porta, City Clerk