HomeMy WebLinkAboutResolution 95-06RESOLUTION NO. 95-06
RESOLUTION ESTABLISHING THE SHEFFIELD TAX INCREMENT
FINANCING DISTRICT AND APPROVING AND ADOPTING
THE TAX INCREMENT FINANCING PLAN
RELATED THERETO
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 establish the
Sheffield Tax Increment Financing District and approve and
adopt the Tax Increment Financing Plan relating thereto, all
pursuant to and in accordance with Minnesota Statutes. Section
469.001 through 469.047, inclusive, and Minnesota Statutes,
Sections 469.174 through 469.179, inclusive; and
1.02. The Council has investigated the facts and has caused to
be prepared the proposed Tax Increment Financing Plan for the
Sheffield Tax Increment Financing District (the "Plan").
1.03. The City has performed all actions required by law to be
performed prior to the establishment of the Sheffield Tax
Increment Financing District and the adoption of the Plan
relating thereto, including, but not limited to, notification
of Anoka County and School District No. 13 having taxing
jurisdiction over the property to be included in the Sheffield
Tax Increment 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. Findings for the Establishment of the
Sheffield Tax Increment Financing District and the
Approval of the Tax Increment Financing Plan Relating Thereto
2.01. The Council hereby finds that the Sheffield Tax
Increment Financing District is a redevelopment district.
2.02. The Council hereby finds that the establishment of the
Sheffield Tax Increment Financing District, and the approval
of the Tax Increment Financing Plan rela%ing %here%o, is
intended and, in the judgement of this Council, the effect of
such actions will be, to provide an impetus for redevelopment
in the public purposes and accomplish certain objectives as
specified in the Plan.
Resolution No. 95-06
page 2
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, therefore, the use of tax increment financing is deemed
necessary; that the Plan conforms to the general plan for the
development or redevelopment of the City as a whole; and that
the Plan will afford maximum opportunity consistent with the
sound needs of the City as a whole, for the development of the
Sheffield Tax Increment Financing District by private
enterprise.
2.04. 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 as Exhibit A.
Section 3.
Approval of the Plan
3.01. The Tax Increment Financing Plan for the Sheffield Tax
Increment Financing District is hereby approved and adopted,
and shall be placed on file in the office of the City Manager.
3.02. The City staff of the City, the City's advisors and
legal counsel are authorized and directed to request
certification of the Sheffield Tax Increment Financing
District with the County Auditor pursuant to Minnesota
Statutes, Section 469.177, and to proceed with the
implementation of the plan and for the purpose to negotiate,
draft, prepare and present to this Council for its
consideration all further plans, resolutions, documents and
contracts necessary for this purpsoe.
Passed this 23rd day of January, 1995.
Offered by:
Seconded by:
Roll call:
Ruettimann
Peterson
All ayes
o~/ Joseph sturdevant
6-Anne- St6dent,r~-e~ncil Secretary