HomeMy WebLinkAboutResolution - HRA 2006-04 - Call a Public Hearing on Modification to Redevelopment Project Area No. 5 and Establish Town Center Phase 1 TIF District - 10/17/2006 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY
H.R.A.RESOLUTION NO. 2006-04
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF EDEN
PRAIRIE CALL FOR A PUBLIC HEARING ON A MODIFICATION TO THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 5 AND
THE ESTABLISHMENT OF THE TOWN CENTER PHASE ONE TAX INCREMENT
FINANCING DISTRICT THEREIN,AND THE ADOPTION OF A TAX INCREMENT
FINANCING PLAN THEREFOR.
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Eden Prairie Housing and
Redevelopment Authority(the "HRA")as follows:
WHEREAS, the HRA established Redevelopment Project Area No. 5 pursuant to Minnesota Statutes,
Sections 469.001 through 469.047, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City of Eden Prairie; and
WHEREAS, the HRA is proposing a Modification to the Redevelopment Plan for Redevelopment Project
Area No.5 and the establishment of the Town Center Phase One Tax Increment Financing District therein and the
adoption of a Tax Increment Financing Plan therefor,all pursuant to,and in accordance with,Minnesota Statutes,
Sections 469.174 through 469.1799 and Sections 469.001 to 469.047, inclusive, as amended;
NOW,THEREFORE BE IT RESOLVED by the Board as follows:
1. The HRA hereby requests that the City Council call for a public hearing to be held on December 19,
2006, to consider the proposed adoption of a Modification to the Redevelopment Plan for Redevelopment
Project Area No. 5 (the"Redevelopment Plan Modification")and the proposed adoption of the Tax
Increment Financing Plan(the "TIF Plan")for the Town Center Phase One Tax Increment Financing
District, a redevelopment district, (the Redevelopment Plan Modification and the TIF Plan are referred to
collectively herein as the "Plans")and cause notice of said public hearing to be given as required by law.
2. The HRA directs the Executive Director to transmit copies of the Plans to the Planning Commission of the
City of Eden Prairie and requests the Planning Commission's written opinion indicating whether the proposed
Plans are in accordance with the Comprehensive Plan of the City Eden Prairie,prior to the date of the public
hearing.
3. The Executive Director of the HRA is hereby directed to submit a copy of the Plans to the City Council for its
approval.
4. The HRA directs the Executive Director to transmit the Plans to the county and the school district(s)in which
the Town Center Phase One Tax Increment Financing District is located not later than November 17,2006.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plans and related
documents and to undertake other actions necessary to bring the Plans before the City Council.
Adopted by the Housing and Redevelopment Authority in and for the City of Eden Prairie, Minnesota,this
17th day of October, 2006.
N ncy a-L ns, ai erson
ST: SEAL
tt H.Neal, Executive Director