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HomeMy WebLinkAbout1990-079 CCR1 i Member Philip Cohen resolution and moved its adoption: RESOLUTION APPROVING A MODIFIED PROJECT PLAN FOR HOUSING DEVELOPMENT PROJECT NO. 01 AND A MODIFIED TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 01 BE IT RESOLVED by the City Council for the City of Brooklyn Center, Minnesota (City), as follows: Section 2. Recitals. RESOLUTION NO. qn -7q introduced the following 1.01. The Housing and Redevelopment Authority in and for the City of Brooklyn Center (HRA) adopted a project plan (Project Plan) for the project area (Project Area) in accordance with Minn. Stat. Sections 469.001 through 469.047 and a tax increment financing plan (TIF Plan) in accordance with Minn. Stat. Sections 469.174 through 469.179 (collectively, the Plans) for the Brookwood Project (TIF District) and said Plans were thereafter approved by the city council of the City of Brooklyn Center (City). 1.02. Responsibility for the Project Area and TIF District was shifted from the HRA to the Economic Development Authority for Brooklyn Center (EDA). 1.03. Changes in the public purposes and goals in the Project Area have prompted the EDA to prepare modified Plans. 1.04. The modified Plans are contained in a document entitled "Modified Housing Development Project Plan and Modified Tax Increment Financing Plan (Brookwood)" dated August 16, 1989, now on file with the EDA. 1.05. The modified Plans were referred to the Brooklyn Center planning commission which on November 16, 1989, found that they conform to and are not in conflict with the general plans for the development or redevelopment of the City as a whole. 1.06. On February 26, 1989, the EDA approved the modified Plans for the Project Area and TIF District and referred them to the city council for public hearing and consideration as provided by state statute. 1.07. Copies of the modified Plans have been forwarded to Independent School District No. 286 and Hennepin County along with a notice of the public hearing as required by Minn. Stat. Sections 469.174 through 469.179 (TIF Act). 1 1 1 RESOLUTION NO. 90 -79 1.08. The city council has fully reviewed the contents of the modified Plans and has this date conducted a public hearing thereon at which the views of all interested persons were heard. Section 2. Findings; Protect Plan. 2.01. It is hereby found and determined that within the Project Area there exist conditions of economic obsolescence, physical deterioration, underutilization, and inappropriate uses of land. 2.02. It is further specifically found and determined that: a) the land in the Project Area would not be made available for redevelopment without the public intervention and financial assistance described in the modified Plans; b) the modified Project Plan for the Project Area will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment of the Project Area by private enterprise; c) the modified Project Plan conforms to the general development plan of the City as set forth in the comprehensive municipal plan. 2.03. The findings in this section are made in compliance with state statute for the purpose of showing the City's intent to exercise, in conjunction with the EDA, the powers granted to the City and the EDA by state statute. Section 3. Findinas; Tax Increment Financina District. 3.01. It is found and determined that it is necessary and desirable to the sound and orderly development and redevelopment of the Project Area, the TIF District, and the City as a whole, and for the protection and preservation of the public health, safety, and general welfare, that the authority of the TIF Act be exercised by the EDA and the City to provide public financial assistance to the Project Area and TIF District. 3.02. It is further found and determined, and it is the reasoned opinion of the EDA and the City, that the redevelopment of the Project Area and TIF District outlined in the modified Plans could not reasonably be expected to occur solely through private investment within the reasonably foreseeable future and that therefore the use of tax increment financing is necessary. 1 1 1 RESOLUTION NO. 90 -79 3.03. The modified TIF Plan conforms to the general plans for development of the City as a whole as set forth in the comprehensive municipal plan. 3.04. The modified TIF Plan will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment of the Project Area and TIF District by private enterprise. Section 4. Modified Pro-iect Plan and TIF Plan Adopted. 4.01. The modified Project Plan is approved. 4.02. The modified TIF Plan is approved. 4.03. The geographic boundaries of the Project Area have been expanded and are now as outlined in the modified Project Plan. There has been no change to the boundaries of the TIF District as a result of this modification. 4.04. The EDA is requested to file a copy of the modified Plans with the Minnesota commissioner of revenue as required by the TIF Act. 4.05. The city clerk is authorized and directed to transmit a certified copy of the resolution to the EDA. April 9, 1990 Date ATTEST: a P' i Clerk ZG2 -cwt 1 ar The motion for the adoption of the foregoing resolution was duly seconded by member Jerry Pedlar and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Celia Scott, Todd Paulson, Jerry Pedlar, and Philip Cohen; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.