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HomeMy WebLinkAboutResolution 89-45RESOLUTION NO. 89-~5 Councilmember Peterson 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. 89-45 A RESOLUTION RELATING TO THE MODIFICATION BY THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF COLUMBIA HEIGHTS OF THE DOWNTOWN CBD REVITALIZATION PLAN RELATING TO THE REDEVELOPMENT PROJECT AND THE ESTABLISHMENT OF THE PROPOSED MULTI-USE REDEVELOPMENT PLAN 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 MULTI-USE REDEVELOPMENT PLAN 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 approved by the Housing and Redevelopment Authority in and for the City (the "Authority,,) that the Authority modify the CBD Revitalization Plan for the Redevelopment Project (the "Project"), establish the Multi-Use Redevelopment Plan Tax Increment Financing District within the Project, and adopt the Tax Increment Financing Plan relating thereto, all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 through 469.047, inclusive and Minnesota Statutes, Sections 469.174 through 469.179 inclusive. 1.02. The Authority has caused to be prepared, and this Council has investigated the facts with respegt thereto, a proposed modification of the Downtown CBD Revitalization Plan for the Project and the proposed Tax Increment Financing Plan (collectively referred to as the "Plans") for the Multi-Use Redevelopment Plan Tax Increment Financing District. 1.03. The Authority and the City have performed all actions required by law to be performed prior to the modification of the Redevelopment Project, the establishment of the Multi-Use Redevelopment Plan Tax Increment Financing District and the adoption of the Plans relating thereto. 1.04. The Council hereby determines that it is necessary and in the best interest of the City at this time to modify the Redevelopment Project by the establishment of the Multi-Use Redevelopment Plan Tax Increment Financing District and to approve the Plans relating thereto. Section 2. Findings .for ~he Modification o__f the RedeveloDment Project and the Establishment of the Proposed Multi-Use RedeveloDment Plan Tax Increment Financing District therein. 2.01. The Council hereby finds, determines and declares that the modification of the Redevelopment Project is intended and, in the judgment of this Council, its effect will be, to eliminate certain blighted, deteriorated and deteriorating properties within the City, 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 Multi-Use Redevelopment Plan Tax Increment Financing District located within the Redevelopment Project is intended and, in the judgment of this Council, its effect will be, to to eliminate certain blighted, deteriorated and deteriorating properties within the City, 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 Multi-Use Redevelopment Plan Tax Increment Financing District. 2.03. The Council finds, determines and declares that the proposed development 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 Multi-Use Redevelopment Plan Tax Increment Financing District conforms to the comprehensive plan of the City, as such plan has been amended by action of the Council as of the date of this Resolution.. 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 Multi-Use Redevelopment Plan Tax Increment Financing District is an redevelopment type of tax increment financing district as defined in Minnesota Statutes, Section 469.174 subdivision 10. ' 2.07. The Council determines and declares that Redevelopment Project is hereby modified and that that Multi-Use Redevelopment Plan 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. ~doDtion 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 financial 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 foregoing resolution was duly seconded by Councilmen~ber Petkoff , and upon vote being taken thereon, the following voted in favor thereof: Pau]son, Petkoff, Car]son, Peterson and the following voted against the same: Hadtrath Whereupon said resolution was declared duly passed and adopted, and was signed by the Mayor and attested to by the Council Secretary. Dated: September 1 ] , 1989. Attest: - ne Student, Co-u~cil Secretary