HomeMy WebLinkAboutResolution - 2008-58 - Calling Public Hearing TIF District 15 - 06/03/2008 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2008-58
A RESOLUTION CALLING FOR A PUBLIC HEARING ON APPROVAL OF A
MODIFICATION TO THE 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 Modification to Financing Plan. By resolution HRA 99-2,dated July 20, 1999,the City
Council approved the tax increment financing plan(the "Financing Plan"),which established 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 (the "District"). 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 modification to the Financing Plan in
accordance with Minnesota Statutes, Section 469.175, subdivision 4. The proposed modification
will provide budget authority for the funding of additional affordable housing related project costs.
The level of affordable housing being supported by the District will be increased accordingly. It has
been proposed that the Board of Commissioners of the HRA and the City Council approve the
modification to the Financing Plan,and that this Council hold a public hearing on the modification
of the Financing Plan as required by Minnesota Statutes, Sections 469.175, subdivision 4.
2. Public Hearing. A public hearing is hereby scheduled to be held on the modification to the
Financing Plan at 7:00 p.m. on July 15, 2008, 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 June 3, 2008.
1 Young, May
ATTEST:
Kat Teen Porta, City Clerk
EXHIBIT A
NOTICE OF PUBLIC HEARING ON MODIFICATION OF TAX INCREMENT
FINANCING(QUALIFIED HOUSING) DISTRICT NO. 15
NOTICE IS HEREBY GIVEN that the City Council of the City of Eden Prairie will hold a
public hearing at 7:00 p.m. on July 15, 2008, in the Council Chambers of the Eden Prairie City
Center, 8080 Mitchell Road, Eden Prairie, Minnesota, to consider the modification of the Tax
Increment Financing Plan ("Financing Plan") for Tax Increment Financing (Qualified Housing)
District No. 15 (the "District"). The proposed modification will provide budget authority for the
funding of additional affordable housing related project costs. The level of affordable housing being
supported by the District will be increased accordingly.
A copy of the existing Financing Plan and proposed modifications thereto will be on file and
available for public inspection at the Office of the City Clerk at City Hall.
All interested persons may appear at the hearing and present their views orally or in writing.
Dated:
Kathleen Porta, City Clerk