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HomeMy WebLinkAbout1999-008 EDAR1 1 1 Commissioner Robert Peppe introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 99 -08 RESOLUTION APPROVING THE ESTABLISHMENT OF TAX INCREMENT FINANCING (SOILS CONDITION) DISTRICT NO. 4, AND THE ADOPTION OF A TAX INCREMENT PLAN THEREFOR BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center (the "Authority as follows: Section 1. Recitals. 1.01. It has been proposed that the Authority, create Tax Increment Financing (Soils Condition) District No. 4, and adopt a Tax Increment Financing Plan therefor, all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 to 469.123, both inclusive, as amended, and Minnesota Statutes, Sections 469.174 to 469.179, both inclusive, as amended. 1.02. The Authority has investigated the facts and has caused to be prepared a Tax Increment Financing Plan for Tax Increment Financing (Soils Condition) District No. 4. 1.03. The Authority has performed all actions required by law to be performed prior to the creation of Tax Increment Financing (Soils Condition) District No. 4 and adoption of a Tax Increment Financing Plan therefor, including, but not limited to, notification of Hennepin County and Independent School District Number 281, which have taxing jurisdiction over the property to be included in Tax Increment Financing (Soils Condition) District No. 4. Section 2. Findings for the Establishment of Tax Increment Financing (Soils Condition) District No. 4 and Adoption of a Tax Increment Financing Plan therefor. The Economic Development Authority in and for the City of Brooklyn Center hereby find that the creation of Tax Increment Financing (Soils Condition) District No. 4 and adoption of a Tax Increment Plan therefor are intended and, in the judgment of the Board of Commissioners, its effect will be, to provide an impetus for the removal and remediation of hazardous substances to allow development to proceed on certain polluted land, will increase employment and the tax base, and otherwise promote certain public purposes and accomplish certain objectives as specified in the Tax Increment Financing Plan. Section 3. Establishment of Tax Increment Financing (Soils Condition) District No. 4 and Approval of the Tax Increment Financing Plan Therefor. 3.01. The establishment of Tax Increment Financing (Soils Condition) District No. 4 and the Tax Increment Financing Plan therefor, are hereby approved and the Tax Increment Financing Plan shall be placed on file in the office of the City Clerk. 1 RESOLUTION NO. 99 -08 3.02. The staff of the City and Authority and the City's and Authority's advisors and legal counsel are authorized and directed to proceed with the implementation of Tax Increment Financing (Soils Condition) District No. 4 and the Tax Increment Financing Plan therefor 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. March 8, 1999 Date Yl frfrt-e Presidelnt The motion for the adoption of the foregoing resolution was duly seconded by commissioner Ed Nelson and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kay Lasman, Ed Nelson, and Robert Peppe; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted. 1 1 STATE OF MINNESOTA ss. COUNTY OF HENNEPIN I, the undersigned, being the duly qualified and acting Secretary of the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, DO HEREBY CERTIFY that I have carefully compared the attached and foregoing extract of minutes of a meeting of the Economic Development Authority in and for the City of Brooklyn Center held on the date therein indicated with the original minutes thereof on file in my office and that the same is a full, true, and correct transcript thereof insofar as said minutes relate to a meeting held on February 8, 1999, approving, among other things, the creation of Tax Increment Financing (Soils Condition) District No. 4 and the adoption of a Tax Increment Financing Plan therefor. WITNESS my hand this day of 1999.