HomeMy WebLinkAboutResolution 94-42RESOLUTION NO. 94-42
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLUMBIA
HEIGHTS, MINNESOTA, TO DIRECT THE CITY MANAGER TO PREPARE A
TAX INCREMENT FINANCING PLAN FOR THE SHEFFIELD REDEVELOPMENT
AND HOUSING PROJECT (THE "PROJECT") TO CREATE A TAX INCREMENT
FINANCING DISTRICT WITHIN SAID PROJECT AND TO DIRECT THE CITY
MANAGER ANDTHE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR
THE CITY OF COLUMBIA HEIGHTS TO PUBLISH NOTICE AND HOLD A
PUBLIC HEARING TOAPPROVETHE TAX INCREMENT FINANCING PLAN AND
ESTABLISH THE TAX INCREMENT FINANCING DISTRICT
WHEREAS, the City Council ("Council") of the City of Columbia
Heights ("City") did adopt a Redevelopment and Housing
Development Plan entitled "Sheffield Neighborhood
Redevelopment and Housing Plan" and created a Redevelopment
and Housing Development Project on February 26, 1994 pursuant
to Minnesota Statutes, Section 469.028; and
WHEREAS, the Redevelopment and Housing Development Plan did
identify various sources of funds to finance the costs
contemplated in the Redevelopment and Housing Development
Plan; and
WHEREAS, the Council has identified the use of tax increments
derived from the "tax increment financing district" as that
term is defined in Minnesota Statutes, Section 469.174, Subd.
9 as a potential source of funds to further finance the public
costs associated with the Sheffield Neighborhood Redevelopment
and Housing Development Project; and
WHEREAS, the Council and the Authority propose to establish a
tax increment financing district within the boundaries of, or
coterminous with the boundaries of, the Sheffield Neighborhood
Redevelopment and Housing Development Project; and
WHEREAS, prerequisite to the establishment of a Tax Increment
Financing District is the preparation of a "Tax Increment
Financing Plan" as provided at Minnesota Statutes, Section
469.175, Subd. 1; and
WHEREAS, also prerequisite to the establishment of a "Tax
Increment Financing District" is the Council's holding a
public hearing after published notice at least 10 and no more
than 30 days prior to said public hearing as provided at
Minnesota Statutes, Section 469.174, subds. 2 and 3.
Resolution No. 94-42
page 2
NOW THEREFORE BE IT RESOLVED by the City Council of the City
of Columbia Heights, Minnesota as follows:
1. The City Council hereby directs the City Manager to
prepare a "Tax Increment Financing Plan" for the
Sheffield Neighborhood Redevelopment and Housing
Development Project.
2. The city Council hereby directs the City Manager to
create and establish the boundaries of the proposed "Tax
Increment Financing District" for the Sheffield
Neighborhood Redevelopment and Housing Development
Project.
3. The City Council hereby directs the City Manager to
publish notice of the date upon which the City Council
will hold a public hearing at which time the City Council
will consider approval of said "Tax Increment Financing
Plan" for the Sheffield Neighborhood Redevelopment and
Housing Development Project and directs the Housing and
Redevelopment Authority in and for the City of Columbia
Heights to consider said "Tax Increment Financing Plan"
for the Sheffield Neighborhood Redevelopment and Housing
Development Project at a separate public hearing after
the Housing and Redevelopment Authority in and for the
City of Columbia Heights has provided an opportunity for
members of the Anoka County Board of Commissioners and
the Columbia Heights School Board to review and comment
upon the contents of the "Tax Increment Financing Plan."
Approved this 18th day of July, 1994
Motion by Ruettimann
Seco~lded by Peterson
Voting Aye Jolly, Nawrotki, Ruettimann, Peterson, Sturdevant
Voting Nay None
Absent None
or'JJoseph St~rdevant
ATTEST:
-Anne student, council secretary