HomeMy WebLinkAbout1983-061 CCRMember Celia Scott introduced the following resolution and
moved its adoption:
RESOLUTION NO. 83 -61
RESOLUTION ESTABLISHING A TAX INCREMENT FINANCING HOUSING
DISTRICT PURSUANT TO MINNESOTA STATUTES, SECTION 273.71 TO
273.78 INCLUSIVE AND ADOPTING A FINANCE PLAN FOR SAID TAX
INCREMENT FINANCING DISTRICT
WHEREAS, the City Council of the City of Brooklyn Center, Minnesota
has determined that it is necessary to create a tax increment district pursuant
to Minnesota Statutes, Section 273.71 to 273.78 inclusive, within the housing
development project area created pursuant to Minnesota Statutes, Section 462.411
et. seq.; and
WHEREAS, the City Council of the City of Brooklyn Center finds that
the tax increment financing district to be established will facilitate the
construction of 170 units of multi family and owner occupied housing and that
a portion of the project will be reserved for occupancy, in part, by persons
or families of low and moderate income, as defined in Minnesota Statutes,
Chapter 462A, Title II of the National Housing Act of 1934, the National
Housing Act of 1959, the United States Housing Act of 1937, as amended, Title
V of the Housing Act of 1949, as amended, any other similar present or future
federal, state, or municipal legislation, or the regulations promulgated under
any of those acts; and
WHEREAS, the City Planning Commission has received a copy of the
proposed tax increment financing plan and has been given the opportunity to
review and comment upon said tax increment financing plan and the tax increment
financing district; and
WHEREAS, the Brooklyn Center Housing and Redevelopment Authority
has informed the members of the School Board of Independent School District
Number 286 and the Board of Commissioners of Hennepin County of the fiscal
and economic implications of the proposed tax increment financing district
and invited said School Board members and County Commissioners to the public
hearing.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Brooklyn Center hereby finds:
1. That the tax increment financing district to be created is a
tax increment financing housing district as the developer, Brutger Companies,
Inc., has agreed to set aside twenty percent of the 65 rental units of housing
for low to moderate income persons and has established affordable prices for
the 73 condominium units and 32 townhouse units so they may be purchased by
persons of moderate income and their families.
2. That without: (i) the use of tax increment financing in accordance
with Minnesota Statutes, Sections 273.71 to 273.78 to provide funds to acquire
the property and make certain public improvements, and (ii) the use of eminent
RESOLUTION NO. 83 -61
domain, the expense and difficulty of assembling the land and clearing an
easement held by the Minnesota Department of Transportation would preclude
the development on this site within the reasonably foreseeable future of
housing for low and moderate income persons and families.
3. That the proposed use of the land for multi family conforms
to the general plan for the use of the land and therefore the tax increment
financing plan conforms to the general plan for the development of the
municipality as a whole.
4. That Brutger Companies, Inc., the corporation developing the
property in the housing development project, will be responsible for all
aspects of the construction, marketing and management of the housing to be
constructed and that the City of Brooklyn Center and the Brooklyn Center
Housing and Redevelopment Authority will only assist the proposed housing
development project in the assembly of a buildable site, the installation
of public improvements and the issuance of mortgage revenue bonds in accordance
with Minnesota Statutes, Chapter 462C and therefore it may be concluded that
the tax increment financing plan will afford maximum opportunity, consistent
with the sound needs of the municipality as a whole, for the development of
the project by private enterprise.
The City Council of the City of Brooklyn Center, Minnesota does
hereby approve the tax increment financing plan and the creation of a tax
increment financing district as described in said tax increment financing
plan.
April 11, 1983
Date Mayor
ATTEST:
lerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Bill Hawes and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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