HomeMy WebLinkAboutResolution - 2007-40 - Call Public Hearing for Presbyterian Homes TIF District 22 - 03/06/2007 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2007-40
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON
THE PROPOSED MODIFICATION TO THE REDEVELOPMENT PLAN FOR
REDEVELOPMENT PROJECT AREA NO. 5, THE PROPOSED ESTABLISHMENT OF
THE PRESBYTERIAN HOMES TAX INCREMENT FINANCING(QUALIFIED
HOUSING) DISTRICT NO. 22 THEREIN, AND THE PROPOSED ADOPTION OF A
TAX INCREMENT FINANCING PLAN THEREFOR.
BE IT RESOLVED by the City Council (the "Council") for the City of Eden Prairie, Minnesota
(the "City"), as follows:
Section 1. Public Hearing. This Council shall meet on June 5, 2007, at approximately
7:00 P.M., to hold a public hearing on the proposed modification to the Redevelopment Plan for
Redevelopment Project Area No. 5, the proposed establishment of the Presbyterian Homes Tax
Increment Financing (Qualified Housing) District No. 22, therein, and the proposed adoption of a
Tax Increment Financing Plan therefor; all pursuant to and in accordance with Minnesota
Statutes, Sections 469.001 to 469.047, Sections 469.174 to 469.1799, inclusive, as amended, in
an effort to encourage the development and redevelopment of certain designated areas within the
City; and
Section 2. Notice of Public Hearing, Filing of Redevelopment Plan, and TIF Plan. City
staff is authorized and directed to work with Springsted, Inc., to prepare a modification to the
Redevelopment Plan for Redevelopment Project Area No. 5, a Tax Increment Financing Plan for
the Presbyterian Homes Tax Increment Financing District No. 22 and to forward documents to
the appropriate taxing jurisdictions including Hennepin County and Independent School District
No. 272. The City Clerk is authorized and directed to cause notice of the hearing, together with
an appropriate map as required by law, to be published at least once in the official newspaper of
the City not later than 10, nor more than 30, days prior to June 5, 2007, and to place a copy of the
modification to the Redevelopment Plan and TIF Plan, on file in the City Clerk's office at City
Hall and to make such copy available for inspection by the public.
ADOPTED by the City Council of the City of Eden Prairie this Ph day of March, 2007.
Phil Young, yor
ATTEST:
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Kat een Porta, City Clerk
EXHIBIT A
NOTICE OF PUBLIC HEARING ON THE PROPOSED MODIFICATION TO THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 5 ,THE
PROPOSED ESTABLISHMENT OF THE PRESBYTERIAN HOMES TAX
INCREMENT FINANCING (QUALIFIED HOUSING) DISTRICT NO. 22 THEREIN,
AND THE PROPOSED ADOPTION OF A TAX INCREMENT FINANCING PLAN
THEREFOR.
NOTICE IS HEREBY GIVEN that the City Council of the City of Eden Prairie will
hold a public hearing on approval of the proposed modification to the Redevelopment Plan for
Redevelopment Project Area No. 5, the proposed establishment of the Presbyterian Homes Tax
Increment Financing (Qualified Housing) District No. 22, therein and the proposed adoption of a
Tax Increment Financing Plan therefore at 7:00 p.m. on Tuesday, June 5, 2007, in the City
Council Chambers, 8080 Mitchell Road, Eden Prairie, Minnesota.
The Financing Plan provides for the financing with tax increment revenue generated by
the Financing District established by the Financing Plan of certain public costs to be incurred by
the Housing and Redevelopment Authority in and for the City of Eden Prairie (HRA) or the City
in connection with carrying out the Plan.
Accompanying this notice is a map of a portion of the City. The map shows the area
encompassed by 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. It also represents
the site area of the proposed Presbyterian Homes development.
All who wish to be heard as to the proposed modification of the Redevelopment Plan for
Redevelopment Project Area No. 5 or the 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 City Clerk
prior to the public hearing.
Kathleen A. Porta, City Clerk
Tax Increment Financing
District #22
Presbyterian Homes Redevelopment
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