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