HomeMy WebLinkAboutResolution - 2005-131 - Calling for a Public Hearing December 20, 2005, To Consider Establishing a New Tax Increment Financing Redevelopment District (20) Redevelopment Project Area No. 6 (United Properties Redevelopment Project) - 11/01/2005 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 2005-131
RESOLUTION CALLING FOR A PUBLIC HEARING ON
APPROVAL OF A PROJECT PLAN FOR REDEVELOPMENT
PROJECT AREA NO. 6 (UNITED PROPERTIES
REDEVELOPMENT PROJECT) IN THE CITY OF EDEN PRAIRIE
AND ON APPROVAL OF A TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING
(REDEVELOPMENT) DISTRICT NO. 20
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 Eden Prairie Housing and
Redevelopment Authority(the Authority)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. 6(the Project Area),and a
redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statutes, 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 Authority 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(Redevelopment)District No. 20 within the Project
Area. It has been proposed that the Board of Commissioners of the Authority 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 on the Project
Plan and Financing Plan at 7:00 p.m. on Tuesday,December 20, 2005,at the Eden Prairie City Hall, 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 nor more than thirty(30)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 of the City of Eden Prairie,Minnesota this ls`day of
November,2005.
APPROVED:
Na cy T -Lu s,
ATTEST:
�.
Ka leen Porta, City Clerk
EXHIBIT A
RESOLUTION CALLING FOR A PUBLIC HEARING ON
APPROVAL OF A PROJECT PLAN FOR REDEVELOPMENT
PROJECT AREA NO.6(UNITED PROPERTIES REDEVELOPMENT
PROJECT)IN THE CITY OF EDEN PRAIRIE AND ON APPROVAL
OF A TAX INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING(REDEVELOPMENT)DISTRICT NO. 20
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(Redevelopment)District No. 20(the Financing District)of the Eden Prairie
Housing and Redevelopment Authority(the Authority) at 7:00 p.m. on Tuesday,December 20, 2005, at
the Eden Prairie City Hall, 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 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
Community Development Director prior to the public hearing.
By/s/Kathleen Porta, City Clerk