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HomeMy WebLinkAbout20170522_EDA_Packet ECONOMIC DEVELOPMENT AUTHORITY AGENDA SPECIAL MEETING May 22, 2017 6:30 pm City Hall Conference Room 1 th 590 40 Avenue NE Columbia Heights, MN 55421 1.Call to Order 2.Roll Call 3.Pledge of Allegiance CONSENT AGENDA 4.Approve minutes of May 1, 2017 BUSINESS ITEMS 5.Request Public Hearing for the Proposed Establishment of the 47th and Grand TIF District Resolution 2017-11 Motion: Move to waive the reading of Resolution 2017-11, there being ample copies available to the public. Motion: Move to adopt Resolution 2017-11, a resolution requesting City Council to call for a Public Hearing on July 10, 2017 at approximately 7:00 PM for the Modification to the Downtown Central Business District Revitalization Plan for the Downtown Central Business District Redevelopment Project and the Establishment of the 47th and Grand Tax Increment Financing District. OTHER BUSINESS 6.47th and Grand Avenue Development Update - Dominium 7.Adjourn The next regular EDA meeting will be Wĵ■ś ƷĊ╙ẽ ƴƲƳƹ at City Hall. ECONOMIC DEVELOPMENT AUTHORITY (EDA) MINUTES OF THE MEETINGOF MAY 1, 2017 The meeting was called to order at 6:38pm by PresidentSzurek Members Present:Williams, Buesgens, Murzyn, Herringer, Schmitt, and Szurek Staff Present:Walt Fehst,Keith Dahl,and Shelley Hanson. Also present was newly appointed Councilmember Nick Novitsky. PLEDGE OF ALLEGIANCE- RECITED CONSENT ITEMS 1.Approve the Minutes from April 3,2017 2.Approve the Financial Report and Payment of Bills for March2017on Resolution 2017-10. Questions by Members: Dahl reported to members that another invoice from CenterpointEnergy was paid this month for the old Library property. Dahl said he has confirmed with both Centerpoint and fund will be reimbursed for approximately $3,500. Motion byMurzyn,seconded bySchmitt,to waive the reading of Resolution 2017-10 there being an ample amount of copies available to the public. All ayes. MOTION PASSED. Motion byMurzyn,seconded bySchmitt, to approve the Minutes ofApril 3, 2017,andthe Financial Report and Payment of Bills forMarch, 2017as presented. All ayes. MOTION PASSED. RESOLUTION NO. 2017-10 A Resolution of the Economic Development Authority of Columbia Heights, Minnesota, Approving the Financial Statements for the Month ofMarch, 2017and the Payment of the Bills for the Month of March, 2017. WHEREAS, the Columbia Heights Economic Development Authority (EDA) is required by Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all receipts and disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and 1 EDA Minutes Page 2 May 1, 2017 WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if correct, to approve them by resolution and enter the resolution in its records; and WHEREAS, the financial statementsfor the month ofMarch, 2017has been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, State of Minne NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made a part of the permanent records of the Columbia Heights Economic Development Authority. Passed this 1stday ofMay, 2017. Motion by: Seconded by: BUSINESS ITEM 1.NORTHEAST BUSINESS CENTER BUILDING REMODEL UPDATE Nancy Aleksuk from Swervo Development was present along with the Architects to show EDA members their proposed plans and renderings for the Northeast Business Center Building located at 3989 Central Avenue. Fehst said this presentation is informational only andthat members are free to ask questions. However, members should hold their opinions to themselves as this will come before the Planning & Zoning Commission and City Council in June. Dean Devolis, Architect, stated they had submitted their Site Plan and CUP applications to the City earlier in the day. He reviewed their plan to use the majority of the building as a Science and 2 EDA Minutes Page 3 May 1, 2017 Technology Charter School K-12, along with moving the Adult Education Center to the top floor, and to establish retail and a coffee shop on the first floor near the front entrance. They plan on th creating a two level playground along the 40Avenue side and to add an outside patio area along the Central Avenue side near the coffee shop. New landscaping would be planted to improve the appearance all around the building. Fehst asked if the Charter school would be the major tenant. Devolis stated that the Charter school would use about 65-70% of the space. Herringer asked what Charter School is moving into this space. Aleksuk stated that the Charter School is presently located in south Minneapolis and will be combining with another one that is just starting up. They will work together under one management team. She said the Adult Education Center is the one serving Fridley and Columbia Heights that is presently located in the 4111 Central Avenue building. Their lease ends at the end of June at that site. Aleksuk went on to tell members that the Adult Education Center and the businesses on the first floor will use the front entrance on the southwest corner of the building. The Charter school will use the back entrance. Buesgens questioned whether they had tried to find businesses interested in leasing the space instead of a school. Aleksuk said she worked at leasing to a large office use such as a call center or something similar, but was unable to secure this type of tenant. She said they need a high density user in order to keep the building viable. Herringer asked how this would affect the property taxes this building should generate. He was concerned that it would become tax exempt if used as a school. Devolis stated the building remains on the tax rolls and would pay the same as any other office use. Charter Schools do not own prope owned by Public School Districts. Devolis then reviewed the traffic plan including buses and drop off areas. He said the high school students will use public transportation and the younger students will be bused. He said he estimates 8 buses and they have the room to stack them according to the study they had done. The parent nd drop off area will be located on the 2level of the parking ramp so congestion on the lower level will not be an issue. Schmitt said she had concerns about playground equipment such as balls going over the side of the upper level and hitting vehicles on the streets. Devolis said there will be an 8 foot high fence surrounding the upper level play area and that netting may also be added to prevent this from happening. Williams asked when they hoped to have the building occupied. Aleksuk said construction would st happen fast and all at once. The Adult Education Center needs a new location by July 1and the Charter School would like to be open by September when the new schoolyearstarts. Fehst asked 3 EDA Minutes Page 4 May 1, 2017 how many students they expected. Devolissaid the Charter School expects about 350 students and the Adult Education Center varies. Schmitt asked Aleksuk if she was aware there are several other coffee shops in town now. She th noted that Starbucks will be locating at the new development at 47and Central Ave as well as the rdth existing one at 53and Central. There also is the new one on 40Avenue by City Hall. Aleksuk said she thinks the coffee shop will do well since the Adult Education Center will be located in the same building so it will be convenient for those attendees. Schmitt then asked where lunches will be served. Devolis said the lunches are catered in as there is not a kitchen facility. They will be st served on the 1floor in the gymnasium area. Schmitt said the school may be able to partner with the Methodist Church or the Heights Theater for their auditorium space. She notedthe Dairy Queen will probably see an increase in business also. 2.CENTRAL AVENUE-SINGLE FAMILY HOMES ACQUISITION DISCUSSION Dahl passed out a letter that staff prepared to besent out to owners of properties along Central Avenue, informing them that the City may be interested in purchasing their property if and when they decide they want to sell. Staff suggests reaching out to Real Estate Agents to alert us of owners who wish to sell. st Buesgens asked if should mention Right of 1Refusal in the letter. Dahl said he would like to run that by a Real Estate Agent as it may be expensive to pursue that. He said the best bet may be to be notified when properties become available and then to make an offer. Some of these properties have recently been sold without officially going on the market so it is hard for the City to take any action. He said that agents have networking capabilities that may help us in this effort. The Board was in agreement for staff to reach out to Real Estate Agents. 3.GRAND CENTRAL LOFTS DEVELOPMENT UPDATE Dahl passed out a memo prepared by Martha Ingram, Legal Counsel from Kennedy & Graven regarding the provisions of the Master Declaration for Grand Central Master Association and the rights the association may have related to the sale and development of the remaining property. Master Assoc in 2010 with the consent of the Master Declarant, and modifies the Declaration in several ways. the Development Area is the fact that the Amendment releases Lots 1 and 2, Block 1, Grand Master Declaration. Section A of the Amendment provides in relevant part as follows: 4 EDA Minutes Page 5 May 1, 2017 Effective upon recording this Amendment, the Released Property shall be and hereby is released from the lien of the Master Declaration and de-annexed from the Property, and the Released Property shall no longer be subject to or benefited by the covenants, restrictions, easements, charges, liens, rights and benefits provided for in the Master Declaration. The Amendment was recorded with the Anoka County Recorder, and has therefore taken effect. The Amendment is significant because by releasing the ReleasedProperty from the Declaration, the Association and the ARC no longer have the right to approve or disapprove any proposed development on the Released Property. The Released Property is therefore subject only to the usual City planning and zoning requirements.Dahl said they have no real say except as any resident in a public hearing forum. It is important to note that under the Amendment, the Master Declarant retains the right, but not the obligation, to add all or a portion of the Released Property to the Development Area, but that right to develop the Released Property includes the right to sell the Released Property to a third party for development. Dahl told members there is an interest in developing the property with rental buildings. The plan s for the July meetings for consideration. Questions/Comments from members: Herringer asked how the amendment in 2010 got passed. Dahl said the Owner/Developer brought it tothe HOA Boardfor consent and the homeowners association approved it. It is pos Dahl told members the proposed plan is to construct 1, 2, and 3 BR apartments which willlook similar to the existing condo building. He said there are several levels of affordable housing and the developer will explain this affordable housing proposed requires that residents mustmeet the threshold of60%of the median income.Section 8 housing would not be included or allowed according to the proposed plan. Dahl said the interested Developer is holding an informational neighborhood meeting at the th Library on May 17from 6:30-9:00 pm. to discuss the proposal.Buesgens wants all the residents from the Grand Central Development notified of the meeting.Fehst reminded members that the EDA previously turned down a plan about 5 years ago as the HOA was against this type of development. At that time the EDA decided to give the economy some time to see if the Condo Market would come back. However, Developers still are not pursuing the construction of condo buildings.Staff will keep the EDA apprised of any updates. 5 EDA Minutes Page 6 May 1, 2017 4.COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY 2017 LEVY DISCUSSION. Dahl explained that on April 3, 2017, the Columbia Heights Economic Development Authority (EDA) discussed the 2017 EDA levy due to the increased capital that will be required to fund planned projects and programs in 2018. The three main projects and programs that commission members desire to see initiated in 2018 are as followed: acquisition of single-family homes and residential structures that used to be single-family homes along Central Avenue; implementation of a low-to no-interest loan program for home renovation improvements; and business retention & expansion program. At the end of the previous discussion, the EDA requested that staff prepare a scenario analysis to formulate different options of fund sources available. Therefore, a scenario analysis has been prepared to explain the three alternative funding options available for consideration. Please note: 2016 levies (Payable in 2017) have been used as a constant variable throughout the analysis to show similarities and differences between the three alternative funding scenarios. Scenario A Maintain Current Fund Sources: economic development activities for another five (5) years for housing and economic development activates. Currently, all EDA fund sources are used to cover operating expenses except the levy administered by the ACHRA. Thus, $137,977.10 was made available to the EDA for redevelopment projects. The EDA is able to access these funds through application to Anoka County requesting reimbursement for a project that qualifies as an economic development activity. The table below shows the current funds sources used by the EDA. HRA LevyEDA LevyACHRA Levy Levy Percentage.0185 %.0074188 %N/A Levy Amount$209,468.00$ 84,000.00$ 137,977.10 Scenario B Maximize Fund Sources: Participate in the ACHRA economic development activities for another five (5) years Increase the 2017 EDA levy to the statutory levy limit development activates. The EDA would be able to maximize its fund sources by participating in the ACHRA for another five (5) years and increasing the EDA levy from .0074188% to the statutory levy limit of .0185%. Based on the numbers in the table below, the EDA would 6 EDA Minutes Page 7 May 1, 2017 realize a fund increase in the amount of $125,468. Thus, bringing the total of annual funds available to the EDA for housing and economic development activates to $263,445.10. The impact to tax payers would account for a property tax increase of $20 -$25 annually for a resident who owns a property at an estimated market value of $200,000. HRA LevyEDA LevyACHRA Levy Levy Percentage.0185 %.0185 %N/A Levy Amount$ 209,468.00$ 209,468.00$ 137,977.10 Amount of ChangeN/A$ 125,468.00N/A Scenario C Optimize Fund Sources: Discontinue ACHRA economic development activities participation Increase the 2017 EDA levy to the statutory levy limit decreases the overall total funds available to the EDA for housing and economic development activates. If the EDA determines to discontinue participation in the ACHRA economic development activities, the decreased amount realized by the absence of the ACHRA levy would be greater than the amount of an EDA levy increase to the statutory levy limit. Thus, the EDA would realize a fund source decreasein the amount of $12,509.10. The impact to the tax payers would account for a property tax decrease in the amount of $7 -$10 annually for a resident who owns a property at an estimated market value of $200,000. (Please note: the property tax decrease accounts for the 15% administration fee deducted by ACHRA from its levy. The ACHRA levy collected $162,326 from its 2016 levy payable in 2017, of which $137,977.10 was available to the EDA.) HRA LevyEDA LevyACHRA Levy Levy Percentage.0185 %.0185 %N/A Levy Amount$ 209,468.00$ 209,468.00N/A Amount of ChangeN/A$ 125,468.00($ 137,977.10) STAFF RECOMMENDATION: No recommendation; however, staff would like to mention that the City will need to adopt a resolution stating the intentions to either participate for another five years or withdraw participation from the ACHRA. If the City decides to withdraw participation, a resolution will need to be adopted prior to the anniversary date of Resolution 2012-142, as well as provide notice to the ACHRA neither less than 90 days nor more than 180 days prior to November 13, 2012 (May 17, 2017 August 15, 2017). No motionsare requiredat this time, but staff would like direction from the EDA on which fund source scenario to pursue. 7 EDA Minutes Page 8 May 1, 2017 Schmitt asked if we had utilized the full amount each year. the full amount,but funds from several years can be used toward a project such as the purchase theremaining balance of ACHRA funds was $375,000 not including any amount collected in 2017.Schmitt asked if we decide not to participate in this program for another five years, does Anoka County send us theremaining funds so we can use themfor re-development projects or do we have to go through the reimbursement process of projects to spend it down. Dahl said that is unclear as there is no joint powers agreement with Anoka County regarding this scenario. He is not aware of any other cities who also participate in ACHRA having established a joint powers agreement with the County. Fehst said it issomething that could end up as a legal battle even though the money was collected from our residents. There was a discussion regarding the 15% administration fee that Anoka County charges to oversee the reimbursement program. Everyone on the Board thought this was an excessive amount. Dahl said it may be possible to try and negotiate the administration fees down to a more acceptable level. Herringer asked how long we have participated in the ACHRA program. Dahl said it started in 2007. Herringer then asked if we dropped out for one year, can we rejoin after one year or do we have to wait for 5 years since the renewal to participate is done for a five year timeframe. Williams thought it would be good to clarify that before dropping out of the program. There was more discussion about how to raise funds for re-development without participating in the ACHRA program. Each scenario presented was discussed at length as well as raising the EDA levy to the statutory limit and to also increase the General taxes in order to pay for re- development projects. This would avoid giving money to Anoka County paid for by our residents that should be used for development projects in our City. Buesgens thought we should go with Scenario B or raise a comparable amount through taxation to maximize our chance to make improvements while funds are available. It is an investment in our City and her supporters think the same. Schmitt clarified thatthe HRA and EDA funds are presently used to cover expenses, and we use the ACHRA funds for any re-development projects. If we raise the EDA levy to the amount allowed, then those excess funds can be used for development expenses. She asked if there were any other grant or funding programs available. 8 EDA Minutes Page 9 May 1, 2017 Dahl said that most of the grant programs have strict requirements for the use of the funds. He noted that CDBG funding could be cut according to proposals on the Federal level. The Met Council has some funds available but they tend to be for transit oriented projects, or for affordable housing. There are some funds that we have utilized in the past for remediation and clean- improvements. The grant funding tends to be for very specific parts of a project therefore, the City must have separate funds to complete an entire project. The overall consensus of the Board was as follows: *Schmitt favors Scenario C-she is opposed to paying the Administration Fee and losing our own money. *Buesgens favored Scenario B-It is a good time to maximize the funding for investing in our City. *Murzyn favored Scenario C-unless the County would negotiate a lower administrative fee *Szurek favored Scenario B if the administrative fee could be lowered. If not, then she favors *Herringer favored Scenario B-He wants to see the focus on Central Avenue and not worry about home improvement loan programs or business fix up funds for now. *Williams favored Scenario B-he agreed with Buesgens that we should maximize the funding for investing in our City. *Novitisky (not a voting member at this time) favored Scenario C-he is opposed to paying the administrative fee also. The meeting was adjourned at8:10pm. Respectfully submitted, Shelley Hanson Assistant Secretary 9 AGENDA SECTION BUSINESS ITEM ITEM NO. 5 MEETING DATE MAY 22, 2017 CITY OF COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY ITEM:Request Public Hearing for the Proposed Establishment of the 47th and Grand TIF District DEPARTMENT: Community Development BY/DATE: Keith M Dahl, May 17, 2017 BY/DATE: BACKGROUND: Dominium has requested public financial assistance for the redevelopment of the property located at the corner of 47th and Grand Avenue NE. Many specifics are still being discussed and reviewed between staff, Ehlers and Dominium to verify the true extent of assistance needed however, possible uses for which public financial assistance is being requested consist of land acquisition, public improvements, soil and environmental reports, and site improvements. In Columbia Heights, the Columbia Heights Economic Development Authority (EDA) is the authority authorized to exercise Tax Increment Financing (TIF) powers, however the EDA may not exercise any TIF powers without the prior approval of the City Council (Council) of the City of Columbia Heights (City). Previously, the EDA and the Council established a redevelopment project designated as the Downtown Central Business District Revitalization Plan. The revitalization plan has encouraged development and redevelopment within the City along Central Avenue; however, modifications must be added to encompass the potential development being proposed by Dominium. In order to establish a TIF District for Dominium, certain events must occur that are outlined on the attached Schedule of Events. As part of that process, the EDA must formally request that the Council call for a public hearing to consider modifications to the Downtown Central Business District Revitalization Plan and for the establishment of the 47th and Grand TIF District. STAFF RECOMMENDATION: Staff recommends adopting Resolution 2017-11, a resolution requesting City Council to call for a Public Hearing for the Modification to the Downtown Central Business District Revitalization Plan and for the Establishment of the 47th and Grand TIF District. RECOMMENDED MOTION(S): Motion: Move to waive the reading of Resolution 2017-11, there being ample copies available to the public. Motion: Move to adopt Resolution 2017-11, a resolution requesting City Council to call for a Public Hearing on July 10, 2017 at approximately 7:00 PM for the Modification to the Downtown Central Business District Revitalization Plan for the Downtown Central Business District Redevelopment Project and the Establishment of the 47th and Grand Tax Increment Financing District. ATTACHMENTS: 1.Resolution 2017-11 (1 Page) 2.Schedule of Events (2 Pages) 10 City of Columbia Heights EDA Letter COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY CITY OF COLUMBIA HEIGHTS ANOKA COUNTY, MINNESOTA RESOLUTION NO. 2017-11 RESOLUTION REQUESTING A PUBLIC HEARING ON THE MODIFICATION OF THE DOWNTOWN CBD REVITALIZATION PLAN FOR THEDOWNTOWN CBD th REDEVELOPMENT PROJECT AND THE ESTABLISHMENT OF THE 47AND GRAND TAX INCREMENT FINANCING DISTRICT (A HOUSINGDISTRICT). BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Columbia Heights Economic DevelopmentAuthority, Minnesota (the "EDA") as follows: WHEREAS, the City Council (the "Council") of the City of Columbia Heights, Minnesota (the "City") and the Housing and Redevelopment Authority in and for the City previously established the Downtown CBDRedevelopment Project pursuant to Minnesota Statutes, Sections 469.001to 469.047 and predecessor statutes, in an effort to encourage the development and redevelopment of certain designated areas within the City, and the City transferred the authority and operation of the Project to the EDA by a resolution of the Council pursuant to Minnesota Statutes, Section 469.094, as amended; and WHEREAS, the EDA is proposing the modification of theDowntown CBD Revitalization Plan for the th Project and the establishment of the 47and GrandTax Increment Financing Districttherein, pursuant to Minnesota Statutes, Sections 469.174 to 469.1794and Sections 469.090 through 469.1082, inclusive, as amended; NOW, THEREFORE BE IT RESOLVED by the Board as follows: 1.The EDA hereby requests that the Council call for a public hearing on July 10, 2017to consider the proposed modification of the Downtown CBD Revitalization Plan for the Project and the proposed th adoption of aTax Increment Financing Plan for the 47and GrandTax Increment Financing District (collectively, the "Plans") and cause notice of said public hearing to be given as required by law. 2.The EDA directs the Executive Director to transmit copies of the Plans to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Plans are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing. 3.The Executive Director of the EDA is hereby directed to submit a copy of the Plans to the Council for its approval. 4.The EDA directs the Executive Director to transmit the Plans to the County and the School District in th which the 47and GrandTax Increment Financing District is located not later than June 9, 2017. 5.Staff and consultants are authorized and directed to take all steps necessary to prepare the Plansand related documents and to undertake other actions necessary to bring the Plansbefore the Council. Approved by the Board on May 22, 2017. _______________________________ President ATTEST: ______________________________ 11 SCHEDULE OF EVENTS COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF COLUMBIA HEIGHTS ANOKA COUNTY, MINNESOTA MODIFICATION TO THE DOWNTOWN CBD REVITALIZATION PLAN FOR THE DOWNTOWN CENTRALBUSINESS DISTRICT (CBD) REDEVELOPMENT PROJECT ANDTHE ESTABLISHMENT OFTHE th 47AND GRANDTAX INCREMENTFINANCING DISTRICT (a housingdistrict) (as of May 16,2017) May22, 2017EDA Requests that the City Council calls for a public hearing on the Modification to the Downtown CBD Revitalization Plan for the CBD Redevelopment Project and the Establishment of the 47th and Grand Tax Increment Financing District. May 22,2017City Council calls for a public hearing on a Modification to the Downtown CBD Revitalization Plan for the CBD Redevelopment Project and the Establishmentof th the 47and Grand TaxIncrement Financing District. May 26,2017Project information (property identification numbers for proposed property to be purchased, project description, and maps)for drafting necessary documentation sent to Ehlers. N/A*Project information submitted to the County Board for review of county road impacts if necessary* (at least 45 days prior to public hearing). *The County Board, by law, has 45 days to review theTIF Plan to determine if any county roads will be impacted by the development. BecauseCity staff believes that the proposed tax increment financing district will not require unplanned county road improvements, the TIF Plan was not forwarded to the County Board 45 days prior to the public hearing. Please be aware that the County Board could claim that tax increment should be used for county roads, even after the public hearing. May 31,2017Letter received by County Commissioner giving notice of potential housingtax increment financing district (at least 30 days prior to publication of public hearing notice.) [Ehlers will fax and mail on or before May 31,2017.] June 9,2017Fiscal/economic implications received by School Board Clerk and County Auditor (at least 30 days prior to public hearing). [Ehlers will fax &mail on or before June 9,2017] June19,2017Ehlers conducts internal review of the Plans. 12 SCHEDULE OF EVENTSPAGE TWO COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY AND THE CITY OF COLUMBIA HEIGHTS ANOKA COUNTY, MINNESOTA MODIFICATION TO THE DOWNTOWN CBD REVITALIZATION PLAN FOR THE DOWNTOWN CENTRALBUSINESS DISTRICT (CBD) REDEVELOPMENT PROJECT AND THE ESTABLISHMENT OFTHE th 47AND GRANDTAX INCREMENTFINANCING DISTRICT (a housingdistrict) June 30,2017Date of publication of hearing notice and map (at least 10 days but not more than 30 days prior to hearing). [Sun Focus publication deadline June 26,2017by 11:00 A.M.Ehlers will submit notice & map on or before June 26,2017.] July 3,2017EDA adopts a resolution approving a Modification to the Downtown CBD Revitalization Plan for the CBD Redevelopment Project and the Establishmentof th 47and GrandTax Increment Financing District the. EDA passes a resolution decertifying parcels from the K-Mart/Central Avenue Tax th Increment Financing District for inclusion in the 47and Grand Tax Increment Financing District. July 5,2017Planning Commission reviews the Plansto determine if they are in compliance with City's comprehensive plan and adopts a resolution approving the Plans. July 10,2017City Council holds apublic hearing at 7:00.. on the Modification to the PM Downtown CBD Revitalization Plan for the CBD Redevelopment Project and the th 47and GrandTax Increment Financing District Establishmentof the and passes resolution approving the Plans.[Ehlers will email Council packet information to the City on or before July 3,2017.] th 47and Grand City Council approves an Interfund Loan in connection with the Tax Increment Financing District . ____________Ehlers files the Planswith the MN Department of Revenue, Office ofthe State Auditor, and Anoka County. 13