HomeMy WebLinkAboutResolution - 82-146 - Establishing Public Hearing for Implementation of Tax Increment Financing Plan for Edenvale Apartments - 06/15/1982 RESOLUTION NO. ✓. "7"
RESOLUTION ESTABLISING THE DATE FOR
CERTAIN PUBLIC HEARINGS WITH RESPECT
TO A PROPOSAL `1'O UNDERTAKE AND
FINANCE A PROJECT UNDER MINNESOTA
STATUTES, CHAPTERS 462.411 ET SEQ. AND
273.71-78.
WHEREAS, the Minnesota Municipal Housing and Redevelopment Act,
Minnesota Statutes, Sections 462.411 et. seq., as amended (the "Act") authorizes
the undertaking o-Tprojects, as defined therein; and
WHEREAS, the term "project" is defined in Section 462.421, subdivision 14,
of the Act to include "an interest reduction program authorized by Section 462.445,
subdivision 10"; and
WHEREAS, Section 462.445, subdivision 10, of the Act provides that "An
authority may develop and administer an interest reduction program to assist the
financing of the construction, rehabilitation and purchase of housing units which
are primarily for occupancy by individuals of low or moderate income and related
end subordinate facilities"; and
WHEREAS, the Minnesota Tax Increment Financing Act, Minnesota
Statutes, Sections 273.71 to 273.78 (the "Tax Increment Act") authorizes the use of
tax increments to finance a project; and
WHEREAS, Section 273.73, subdivision 8 of the Tax Increment Act defines a
project, for the purposes of the Tax Increment Act, to include a "project as defined
in Section 462.421, subdivision 14," including an interest reduction program; and
WHEREAS, a representative of Z and S Development Company (the
"Developer") has requested that an interest reduction program (the "Project") be
undertaken in the City of Eden Prairie (the "City"), and that the costs of such
Project be financed by tax increments pursuant to the Tax Increment Act; and
WHEREAS, Section 462.425, subdivision 1, of the Act provides that, in order
develop and administer the Project the City must create in the Housing and
Redevelopment Authority in and for the City of Eden Prairie (the "Authority") the
authority to exercise those powers contained in the Act by the adoption of a
resolution (the "Resolution"); and
WHEREAS, the Developer has presented to the City of form of the
Resolution, attached hereto as Exhibit A, with a request that the City Council
consider such Resolution for adoption by the City Council; and
WHEREAS, Section 4662.425, subdivision 2, provides that the City Council of
the City shall consider such a Resolution only after a public hearing thereon; and
WHEREAS, Section 462.425, subdivision 2, provides that notice of the time
and place of such public hearing shall be given by published notice in a newspaper
of general circulation in the City of Eden Prairie at least once not less than ten
(10) days nor more than thirty (30) days prior to the date of the public hearing; and
W HEREAS, the Developer has presented to the City a form of public notice,
attached hereto as Exhibit B, with a request that the City Council establish a date
for a public hearing on the adoption of the Resolution and to authorize publication
of the form of public notice provided by the Developers; and
WHEREAS, prior to undertaking the Project, Section 462.521, subdivision 1,
requires that the Authority apply to the City Council of the City for approval
thereof, and that the City hold a public hearing thereon after published notice in a
newspaper of general circulation in the City of Eden Prairie at least once not less
than ten (10) days nor more than thirty (30) days prior to the date of the hearing;
and
WHEREAS, the Developer has presented to the City a form of public notice,
attached hereto as Exhibit C, with a request that the City Council establish a date
for a. public hearing on the City's approval of the Project and to authorize
publication of the form of public notice provided by the Developer; and
WHEREAS, Section 273.74, subdivision 3, of the Tax Increment Act requires
that, prior to the financing of the Project under the Tax Increment Act, the City
must approve the tax increment financing plan with respect thereto, but only after
holding a public hearing thereon after published notice in a newspaper of general
circulation in the City of Eden Prairie at least once not less than ten (10) nor more
than thirty (30) days prior to the date of hearing; and
W HEREAS, the Developer has presented to the City a form of public notice,
A attached hereto as Exhibit D, with a request that the City Council establish a date
for a public hearing on the City's approval of the tax increment financing plan with
respect to the Project and to authorize publication of the form of public notice
provided by the Developer:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF EDEN PRAIRIE THAT:
1. The City Council of the City of Eden Prairie will conduct three
public hearings on (a) the adoption by the City Council of the Resolution
establishing in the Authority the power to develop and administer the Project, (b)
the approval by the City Council of the Project and (c) the approval of the tax
increment financing plan with respect to the Project on the sixth (6th) day of July,
1982.
2. The staff of the City of Eden Prairie is hereby authorized and
directed to cause the public notices, substantially in the forms of the notices
attached hereto as Exhibit B, Exhibit C and Exhibit D, to be published in a
newspaper of general circulation in the City of Eden Prairie.
3. The staff of the City of Eden Prairie is hereby authorized and
directed to have available for public inspection in the offices of the City of Eden
Prairie a draft copy of the proposed Resolution, together with any other documents
or materials presented to the City by the Developer with respect to the Project.
EXHIBIT B
NOTICE OF PUBLIC HEARING
CITY OF EDEN PRAIRIE, MINNESOTA
NOTICE IS HEREBY GIVEN pursuant to Minnesota Statutes, Section
462.425, Subd. 2, that the Eden Prairie City Council at its regularly scheduled
meeting to be held on the 1st Tuesday in July (July 6, 1982) at 7:30 p.m. will hold a
public hearing on the matter of the establishment of a Housing and Redevelopment
Authority for the City of Eden Prairie and shall consider, and adopt or reject, a
resolution finding that in the City of Eden Prairie there is a shortage of decent,
safe, and sanitary dwelling accommodations available to persons of low and
moderate income and their families at .prices and rentals they can afford, said
Resolution declaring that there is a need for a Housing and Redevelopment
Authority to function to alleviate said shortage in the City of Eden Prairie.
Opportunity to be heard at said hearing shall be granted to all residents of
the City and its environs and to all other interested persons with reference to the
aforesaid Resolution in accordance with Minnesota Statutes, Section 462.425, et.
sue.
(Published: , 1982 in City Clerk
the .) City of Eden Prairie
-- Hennepin County, Minnesota
EXHIBIT C
NOTICE OF PUBLIC HEARING
CITY OF EDEN PRAIRIE
NOTICE IS HEREBY GIVEN by the City Council of the City of Eden Prairie
that it will hold a public hearing at the City Hall, 8950 Eden Prairie Road, in the
City of Eden Prairie, County of Iennepin and State of Minnesota., on the 6th day of
July, 1982, at 7:30 p.m. to consider the proposal for the undertaking of the Eden
Vale Housing Redevelopment Project by the Housing and Redevelopment Authority
in and for the City of Eden Prairie, a public body corporate and politic. The Eden
Vale Housing Redevelopment Project, which said project is embodied in the Eden
Vale Housing Redevelopment Project Plan dated , 1982, which
said Plan is on file in the office of the City Clerk, City Hall, in the City of Eden
Prairie, County of Hennepin, State of Minnesota, includes an area bounded as
follows:
Lot 1, Block 1, Eden Vale Fourth Addition to the City of Eden
Prairie, according to the duly recorded plat thereof on file and of
record in the Office of the Hennepin County Recorder.
THE PURPOSE OF SAID HEARING is to consider the above described
Redevelopment Project and Plan, the said undertakings to be carried out by the
Housing and Redevelopment Authority in and for the City of Eden Prairie, under
the Minnesota Municpal Housing and Redevelopment Act (Minnesota Statutes,
Section 462.411, et. seq., as amended) and under Local Law, to develop and
administer an interest reduction program to assist the financing of the
construction, rehabilitation and purchase of housing units which will be primarily
for occupancy by individuals of low and moderate income and related and
subordinate facilites in a manner consistent with the needs of the City of Eden
Prairie as a whole and in conformance with the Comprehensive Plan of the City of
Eden Prairie.
Any person or organization desiring to be heard will be afforded an
opportunity to be heard at such hearing as to proposals of the Plan, whether or not
specifically described in this notice, being hereby directed to said Plan on file in
the office of the said City Clerk for full details with respect to the plans and
project.
(Published: , 1982 in City Clerk
the City of Eden Prairie
Hennepin County, Minnesota
EXHIBIT D
NOTICE OF PUBLIC HEARING
CITY OF EDEN PRAIRIE
NOTICE OF PUBLIC HEARING ON DESIGNATION OF
REDEVELOPMENT PROJECT AREA AND TAX
INCREMENT FINANCING PLAN
NOTICE IS HEREBY GIVEN that the City Council of the City of Eden
Prairie will hold a public hearing at the City Hall, 8950 Eden Prairie Road, in the
City of Eden Prairie, County of Hennepin and State of Minnesota on the 6th day of
July, 1982, at 7:30 p.m. to consider the designation of an interest reduction
program as a project within the City of Eden Prairie pursuant to Minnesota
Statutes, Chapter 462.411 of et. seq. and the adoption of a tax increment financing
plan and designation of a tax increment financing district for said project pursuant
to Minnesota Statutes, Chapter 273.71-78. The proposed project area and tax
increment financing district are as follows:
Project Area:
Lot 1, Block 1, Eden Vale Fourth Additon to the City of Eden Prairie,
according to the duly recorded plat thereof on file and of record in
the Office of the Hennepin County Recorder.
Tax Increment Financing District:
Lot 1, Block 1, Eden Vale Fourth Additon to the City of Eden Prairie,
r according to the duly recorded plat thereof on file and of record in
the Office of the Hennepin County Recorder.
The purpose of said hearing is to consider the above-mentioned project area
and tax increment financing plan, the said undertaking to be carried out by the
City of Eden Prairie and the Housing and Redevelopment Authority in and for the
City of Eden Prairie under the Minnesota Municipal Housing and Redevelopment
Act (Minnesota Statutes, Chapter 462.411, et. seq., as amended) and the Minnesota
Tax Increment Financing Act (Minnesota Statutes, Chapter 2783.71 to 273.78, as
amended), and under local law, to develop and administer an interest reduction
program to assist the financing of the construction, rehabilitation, and purchase of
housing units which are primarily for occupancy by individuals of low and moderate
income and related and subordinate facilities in a manner consistent with the needs
of the City of Eden Prairie as a whole and in conformance with the Comprehensive
Plan of the City of Eden Prairie.
Any person or organization desiring to be heard will be afforded an
opportunity to be heard at such hearing as to the proposals of the plan, whether or
not specifically described in this notice, being hereby directed to said plan on file
in the office of the City Clerk for full details with respect to the plans and project.
BY ORDER OF THE CITY COUNCIL
Date this day of _r 1982
(Published: _ , 1982 in City Clerk
the .) City of Eden Prairie
Hennepin County, Minnesota