HomeMy WebLinkAboutResolution - 81-107 - Concerning Termination of Redevelopment District, etc. - 06/02/1981 CITY OF EDEN PRAIRIE
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION NO. 81-107
RESOLUTION CONCERNING TERMINATION OF REDEVELOPMENT
DISTRICT AND REDEVELOPMENT PROJECTS AND THE TERMINATION
OF THE REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING
PLAN RELATING THERETO
WHEREAS, the City Council (the "Council ") of the City of
Eden Prairie , Minnesota (the "City" ) , did on October 7 , 1980 ,
adopt Resolution No . R80-1.88 approving the creation of a
Redevelopment District and Redevelopment Projects and approving
the Eden Prairie (Development) . Redevelopment Plan and the Tax
Increment Financing Plan ( collectively, the "Plan" ) for such
Redevelopment District and 'Redevelopment Projects, all pursuant
to Minnesota Statutes , Chapter 462 , as amended , and Minnesota
Statutes , Sections 273. 71 to 273. 78 , inclusive , as amended; and
WHEREAS , certain members of the Legislature of the State
of Minnesota have expressed concern with certain elements of.
the Plan; and
WHEREAS , the Plan has been legally challenged in Hennepin
County District Court ; and
WHEREAS , the Board of Commissioners of the County of Hennepin
has requested that the City discontinue its Redevelopment Tax
Increment District and prepare a plan for an Economic Development
Tax Increment District as soon as possible and submit such plan
to the Board of Commissioners as provided by Minnesota Statutes ,
Section 273 . 74 , Subdivision 2 ; and
WHEREAS , .the Council deems it advisable , in order to
expedite the construction and financing thereof of the public
improvements outlined in the Plan, to create a Development
District and approve an Economic Development District and a new
development plan and tax increment financing plan in connection
therewith , all pursuant to and in accordance with Minnesota
Statutes , Chapter 472A, as amended, and Minnesota Statutes, •
Sections 273. 71 to 273 . 78 , inclusive , as amended.
BE IT RESOLVED by the City Council of the City of Eden
Prairie , Minnesota, that:
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Section 1. Termination . The Redevelopment District and
Redevelopment Projects and the Eden Prairie (Development)
Redevelopment Plan and Tax Increment Financing Plan (attached
as Exhibit A hereto and hereby made a part hereof) relating
thereto , approved on October 7 , 1980 , by the Council pursuant
to Resolution No. R80-188 , are all hereby terminated and such
termination is hereby approved.
Section 2 . New Plan. The Council desires to create a
Development District and approve an Economic Development District
and a new development plan and tax increment financing plan
relating thereto , and hereby authorizes and directs the City
Manager , Director of Finance and other members of the staff of
the City to prepare a new development plan and tax increment
financing plan in consultation with the City Attorney, Bond
Counsel and Financial Consultants to the City, all pursuant to
and in accordance with Minnesota Statutes , Chapter 472A, as
amended , and M_ innesota_ Statutes , Sections 273 . 71 to 273. 78 ,
inclusive, as amended.
Adopted by the City Council of the City of Eden . Prairie,
Minnesota, on .,;� , 1981.
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