HomeMy WebLinkAboutResolution 95-78Council member Rue t t i ma n n introduced the following resolution, the reading of which was dispensed
with by unanimous consent, and moved its adoption:
CITY OF COLUMBIA HEIGHTS
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. q_q-78
RESOLUTION MODIFYING THE CENTRAL BUSINESS DISTRICT
REVITALIZATION PLAN FOR CENTRAL BUSINESS DISTRICT
REDEVELOPMENT PROJECT, ESTABLISHING $3RD AVENUE TAX
INCREMENT DISTRICT, AND APPROVING AND ADOPTING THE TAX
INCREMENT FINANCING PLAN RELATING THERETO, LOCATED WITHIN
THE CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT.
Be it resolved by the City Council (the "Council") of the City of Columbia Heights, Minnesota (the "City"), as follows:
Section 1. Recitals
1.01 It has been proposed that the City modify the Central Business District Revitalization Plan (the "CBD
Revitalization Plan") for Central Business District Redevelopment Project (the "CBD Redevelopment Project"), and
establish $3rd Avenue Tax Increment District (the "$3rd Avenue District") and approve and adopt the Tax Increment
Financing Plan relating thereto, located within CBD Redevelopment Project, pursuant to and in accordance with
Minnesota Statutes, Sections 469.001 through 469.047, and Minnesota Statutes, Sections 469.174 through 469.179,
inclusive.
1.02 The Council has investigated the facts and has caused to be prepared a Modified CBD Revitalization Plan
for CBD Redevelopment Project and the proposed Tax Increment Financing Plan for 53rd Avenue District (the "Plans").
1.03. The City has performed all actions required by law to be performed prior to the modification of CBD
Redevelopment Project and the establishment of 53rd Avenue District, and the adoption of the Plans relating thereto,
including, but not limited to, notification of Anoka County and Independent School District No. 013 having taxing
jurisdiction over the property to be included in 53rd Avenue District, a review by the City planning Commission of the
proposed Plan, and the holding of a public hearing upon published notice as required by law.
Section 2. Findin?s for the Modification of the CBD Revitali?ation Plan for CBD Redevelopment Project, the
Establishment of 53rd Avenue District and the Approval of the Tax Increment Financing Plan
relating thereto.
2.0 I. The Council hereby finds that $3rd Avenue District is an economic development district under Minnesota
Statutes, Section 469.174, subd. 12.
2.02. The Council hereby finds that the modification of the CBD Revitalization Plan for CBD Redevelopment
Project and the establishment of 53rd Avenue District and the approval of the Tax Increment Financing Plan relating
thereto, are intended and, in the judgment of this Council, the effect of such actions will be, to provide an impetus for
commercial and indnstfial development in the public purposes and accomplish certain objectives as specified in the
Plans.
2.03. The Council further finds that the proposed development, in the opinion of the Council, would not occur
solely through private investment within the reasonably foreseeable future and that the increased market value on the
site that could reasonably be expected to occur without the use of tax increment financing would be less than the
increase in the market value estimated to result from the proposed development after subtracting the present value of
the projected tax increments for the maximum duration of 53rd Avenue District permitted by the Plan, and that,
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therefore, the me of tax increment financing is deemed necessary; that the Plans conform to the general plan for the
development or redevelopment of the City as a whole; and that the Plans will afford maximum opportunity consistent
with the sound needs of the City as a whole, for the development of 53rd Avenue District by private enterprise.
2.04. The City elects to make a qualifying local contribution in accordance with Minnesota Statutes, Section
273.1399, subd. (:fid), in order to qualify 53rd Avenue District for exemption from state aid losses set forth in Section
273.1399. The City anticipates that the state will contribute to project costs within the 53rd Avenue District through
a district grant or similar incentive and that the City's local contribution will be reduced by one-half of this mount,
in accordance with Minnesota Statutes, Section 273.1399, subd. 6(d).
2.05. The Council further finds, declares and determines that the City made the above findings stated in Section
2 and has set forth the reasons and supporting facts for each determination in writing, attached hereto a Exhibit A.
Section 3.
Approval of the Plans.
3.01. The modifications to the CBD Revitalization Plan for CBD Redevelopment Project and Tax Increment
Financing Plan for 53rd Avenue District are hereby approved and adopted, and shall be placed on file in the office of
the City Manager subject to approval by the Columbia Heights Homing and Redevelopment Authority.
3.02. The City staff of the City are authorized to request certification of 53rd Avenue District from Anoka
County and to file the Plans with the State Department of Revenue.
3.03. The City staffofthe City, the City's advisors and legal counsel are authorized and directed to proceed with
the implementation of the Plans and for this purpose to negotiate, drain, prepare and present to this Council for its
consideration all further plans, resolutions, documents and contracts necessary for this purpose.
The motion for the adoption of the foregoing resolution was duly seconded by Council member
P e t e r so n , and upon a vote being taken thereon, the following voted in favor thereof:
Jolly, Petkoff, Ruettimann, Peterson, Sturdevant
and the following voted against the same:
None
D~ed: 12-11-95
ATTEST:
(SEAL)
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