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HomeMy WebLinkAboutEDA RES 2009-14COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY CITY OF COLUMBIA HE, IGHTS COUNTY OF ANOKA STATE OF MINNESOTA RESOLUTION NO. 2009 -14 RESOLUTION ADOPTING A MODIFICATION TO THE DOWNTOWN CENTRAL BUSINESS DISTRICT (CBD) REVITALIZATION PLAN FOR THE CBD REDEVELOPMENT PROJECT AND A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR THE K- MART /CENTRAL AVENUE TAX INCREMENT FINANCING DISTRICT. WT- IEREAS, it has been proposed by the Board of Commissioners ( "Board ") of the Columbia Heights Economic Development Authority ( "EDA ") and the City of Columbia Heights ( "City ") that the EDA adopt a Modification to the Downtown CBD Revitalization Plan for the CBD Redevelopment Project (the "Revitalization Plan Modification ") and a Modification to the Tax Increment Financing Plan (the "TIF Plan Modification ") for the K- Mart /Central Avenue Tax Increment Financing District ( "TIF District ") therein (the Revitalization Plan Modification and the TIF Plan Modification are referred to collectively herein as the "Modifications "), all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.090 to 469.1082, and Sections 469.174 to 469.1799, inclusive, as amended (the "Act "), all as reflected in the Modifications and presented for the Board's consideration; and WHEREAS, the EDA has investigated the facts relating to the Modifications and has caused the Modifications to be prepared; and WHEREAS, the EDA has performed all actions required by law to be performed prior to the adoption of the Modifications. The EDA has also requested the City Planning Commission to provide for review of and written comment on Modifications and that the City Council schedule a public hearing on the Modifications upon published notice as required by law. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: 1. The EDA hereby finds that the Modifications, are intended and, in the judgment of this Board, the effect of such actions will be, to provide an impetus for development in the public purposes and accomplish certain objectives as specified in the Modifications, which are hereby incorporated herein. 2. The EDA hereby finds that parcels listed in Appendix C of the TIF Plan Modification should be included in the TIF District, and adjacent streets and right -of way property; thereby changing the geographic shape of the TIF District. 3. The EDA hereby finds that the area being added to the TIF District as part of the proposed Modifications meets the requirements for a "renewal and renovation district" under Minnesota Statutes, Section 469.174, Subd. 10a, and finds that the adoption of the proposed Modifications conforms in all respects to the requirements of the Act and will help fulfill a need to develop an area of the State of Minnesota which is already built tip and that the adoption of the proposed Modifications will help provide public improvements, revitalize an area characterized by blight and occupied by substandard buildings, and expand the tax base of the City, and thereby serves a public purpose. 4. The EDA hereby reaffirms the original findings for the TIF District, established as a "renewal and renovation district ". 5. The EDA further finds that the Modifications will afford maximum opportunity, consistent with the sound needs for the City as a whole, for the development or redevelopment of the CBD Redevelopment Project by private enterprise in that the intent is to provide only that public assistance necessary to make the private developments financially feasible. The boundaries of the CBD Redevelopment Project are not being expanded. 7. The reasons and facts supporting the findings in this resolution are described in the TIF Plan Modification and in the exhibit attached to the City resolution approving the Modifications, on file in City Ball. 8. Conditioned upon the approval thereof by the City Council following its public hearing thereon, the Modifications, as presented to the EDA on this date, are hereby approved, established and adopted and shall be placed on file in the office of the Community Development Director. 9. Upon approval of the Modifications by the City Council, the staff, the EDA's advisors and Iegal counsel are authorized and directed to proceed with the implementation of the Modifications and for this purpose to negotiate, draft, prepare and present to this Board for its consideration all further plans, resolutions, documents and contracts necessary for this purpose. Approval of the Modifications does not constitute approval of any project or a Development Agreement with any developer. 10. Upon approval of the Modifications by the City Council, the Community Development Director is authorized and directed to forward a copy of the Modifications to the Minnesota Department of Revenue and the Office of the State Auditor pursuant to Minnesota Statutes 469.175, Subd. 4a. 11. Upon approval of the Modifications by the City Council, the Community Development Director is authorized and directed to forward a copy of the Modifications to the Anoka County Auditor and request that the Auditor certify the original tax capacity of the parcels being added to the TIF District, as described in the TIF Plan Modification, all in accordance with Minnesota Statutes 469.177. Approved by the Board of Commissioners of the Columbia Height Econo iic Development Authority this 281' day of April, 2009. President AY TEST: �A Secretary (Seal)