HomeMy WebLinkAboutResolution 87-44 Couneilmember Petkoff 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. 87-44
A RESOLUTION RELATING TO THE MODIFICATION BY THE
HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE
CITY OF COLUMBIA HEIGHTS OF THE DOWNTOWN CED
REVITALIZATION PLAN RELATING TO THE REDEVELOPMENT
PROJECT AND THE ESTABLISHMENT OF THE PROPOSED
SULLIVAN LAKE TAX INCREMENT FINANCING DISTRICT
LOCATED WITHIN THE REDEVELOPMENT PROJECT AND THE
ADOPTION AND APPROVAL BY THE CITY OF COLUMBIA HEIGHTS
OF THE PROPOSED TAX INCREMENT FINANCING PLAN FOR THE
SULLIVAN LAKE TAX INCREMENT FINANCING DISTRICT.
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 and adopted by the Housing and Redevelopment
Authority in and for the City (the "Authority") that the Authority modify by
enlargement of the geographic project area the Redevelopment Project pursuant to
and in accordance with Minnesota Statutes, Sections 462.411 to 462.716, inclusive,
as amended. It has been further proposed and adopted by the Authority that the
Authority establish the Sullivan Lake Tax Increment Financing District within the
Redevelopment Project pursuant to Minnesota Statutes, Sections 273.71 to 273.78,
inclusive, as amended.
1.02. The Authority has eaused to be prepared, and this Council has
investigated the facts with respect thereto, a proposed modification of the
Downtown CED Revitalization Plan (the "Modified Redevelopment Plan") for the
Redevelopment Project, defining more precisely the property to be included in the
Redevelopment Project and the proposed Tax Increment Financing Plan for the
Sullivan Lake Tax Increment Financing District (collectively referred to as the
"Plans").
1.03. The Authority and the City have performed ail actions required by
law to be performed prior to the modification of the Redevelopment Project, the
establishment of the Sullivan Lake Tax Increment Financing District and the
adoption of the Plans relating thereto.
1.04. The Couneir'hereby determines that it is necessary and in the best
interest of the City at this time to modify, by enlargement of the geographic
project area, the Redevelopment Project, to establish the Sullivan Lake Tax
Increment Financing District and to approve the Plans relating thereto.
Section 2. Findings for the Modification of the Redevelopment Project
and the Establishment of the Proposed Sullivan Lake Tax Increment Financing
District therein.
'2.01. The Council hereby finds, determines and declares that the
modification, by enlargement of the geographic project area, of the
Redevelopment Project is intended and, in the judgment of this Council, its effect
will be, to further provide an impetus for commercial, industrial and housing
development, increase employment and otherwise promote certain public purposes
and accomplish certain objectives as specified in the Modified Redevelopment
Plan.
2.02. The Council hereby finds, determines and declares that the
establishment of the proposed Sullivan Lake Tax Increment Financing District
located within the Redevelopment Project is intended and, in the judgment of this
Council, its effect will be, to further provide an impetus for housing, commercial
and industrial development, increase employment and otherwise promote certain
public purposes and accomplish certain objectives as specified in the Tax Increment
Financing Plan for the Sullivan Lake Tax Increment Financing District.
2.03. The Council finds, determines and declares that the proposed
development, housing, and redevelopment, 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.
2.04. The Council finds, determines and declares that the proposed Tax
Increment Financing Plan for said Sullivan Lake Tax Increment Financing District
conforms to the comprehensive plan of the City. '
2.05. The Council finds, determines and declares that the proposed Tax
Increment Financing Plan will afford maximum opportunity, be consistent°with the
sound needs of the City as a whole, for the development or redevelopment of the
Redevelopment Project by private enterprise.
2.06. The Council hereby finds, determines and declares that the Sullivan
Lake Tax Increment Financing District is an economic development type .of tax
increment financing district which consists of any project, or portions of a project,
not meeting the requirements found in the definition of redevelopment district,
mined underground space development district or housing district, but which the
authority finds to be in the public interest because:
(a)
it will discourage commerce, industry or manufacturing from moving
their operations to another state; or
(b) it will result in increased employment in the municipality; or
(e) it will result in preservation and enhancement of the tax base of the
municipality.
2.07. The Council determines and declares that Redevelopment Project is
hereby modified and that that Sullivan Lake Tax Increment Financing District is
hereby established.
2.08. 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. Adoption of the Respective Plans.
3.01. The respective Plans presented to the Council on this date, are
hereby approved and adopted and shall be placed on file in the office of the City
Clerk-Treasurer.
Section 4. Implementation of the Modified Redevelopment Plan and Tax
Increment Financing Plan.
4.01. The officers of the City, the'City's finaneiaI advisor, underwriter and
the City's legal counsel and bond counsel are authorized and directed to proceed
with the implementation of the respective Plans and for this purpose to negotiate,
draft, 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 foregoin~ resolution was duly seconded
by Councilmember Pau]son , and upon vote being taken
thereon, the following voted in favor thereof:
Paulson, Petkoff, Carlson, Peterson, Nawrocki'
and the following voted against the same:
None
Whereupon said resolution was declared duly passed and adopted,~nd yvap?s//gned b$.
the May°r and at tested t° bY the City Clerk'TTreasur/e.r/'/~ ~/f///'/
Mayor
City Clerk-Treasurer
(SEAL)