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HomeMy WebLinkAbout2011-018 EDARCommissioner Tim Roche introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 2011-18 RESOLUTION APPROVING MODIFICATION OF TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO.2 AND MODIFICATION OF THE REDEVELOPMENT PLAN FOR HOUSING DEVELOPMENT AND REDEVELOPMENT PROJECT NO. 1 BE IT RESOLVED by the Board of Commissioners of the Brooklyn Center Section 1.Recitals. 1.01It has been proposed that the Authority modify the Tax Increment Financing Plan for amended, and Minnesota Statutes, Sections 469.174 through 469.1799, inclusive, as amended (the 1.02The Authority has investigated the facts and has caused to be prepared the following (a) Modification No. 3 to Tax Increment Financing Plan for Tax Increment Financing District No. 2 (A Redevelopment District) and (b) Modification to Redevelopment Plan for Housing Development and Redevelopment Project No. 1. 1.03The Authority has performed all actions required by law to be performed prior to the modification of the Redevelopment Plan and the Tax Increment Financing Plan, including, but not limited to, notification of the Hennepin County Commissioner representing the area of the County in which the Tax Increment Financing District is located, and transmitting a copy of the modification to the Tax Increment Financing Plan to Hennepin County and Independent School District Districts Nos. 286 (Brooklyn Center) and 281 (Robbinsdale), which have taxing jurisdiction over the property included in the Tax Increment Financing District. 1.04The City Council held a public hearing on August 8, 2011, on the adoption of the modification to the Tax Increment Financing Plan and the modification of the Redevelopment Plan, made the findings required by the TIF Act and approved the modification of the Tax Increment Financing Plan and the adoption of the modification to the Redevelopment Plan. Section 2.Finding for the Modification of the Redevelopment Plan. The Authority hereby finds that the modification of the Redevelopment Plan is intended and, in the judgment of the Authority, its effect will be to provide an impetus for redevelopment activities associated with better utilizing blighted, polluted and underutilized land and enhancing the tax base of the City of Brooklyn otherwise promote certain public purposes and accomplish certain objectives as specified in the EDA RESOLUTION NO. 2011 -18 Redevelopment Plan. The Authority hereby reaffirms the original findings for the Project Area and the Redevelopment Plan. Section 3. Findings for the Modification of the Tax Increment Financing Plan The Board of Commissioners hereby finds that the modification of the Tax Increment Financing Plan is intended and, in the judgment of the Board of Commissioners, its effect will be, to carry out the objectives of the Redevelopment Plan by (i) creating an impetus to undertake redevelopment activities associated with fulfilling a need to redevelop an area of the City which is already built up, blighted, polluted or underutilized, (ii) helping in the preservation and enhancement of the tax base of the City and the State, (iii) promoting the construction of high quality commercial and industrial facilities, and (iv) otherwise promoting certain public purposes and accomplishing certain objectives as specified in the Tax Increment Financing Plan, as modified, and thereby serves a public purpose. Section 4. Approval of the Modification of Tax Increment Financing Plan and Modification of Redevelopment Plan. 4.01 The adoption of the modification to Tax Increment Financing Plan and the modification of the Redevelopment Plan are hereby approved and the modification to the Tax Increment Financing Plan and the modification of the Redevelopment Plan shall be placed on file at the City Hall. 4.02 The staff of the Authority is hereby directed to file a copy of the modification to Tax Increment Financing Plan and modification of Redevelopment Plan with the County Auditor of Hennepin County. The staff of the Authority is also directed to file a copy of the modification to Tax Increment Financing Plan and modification of Redevelopment Plan with the Commissioner of Revenue. August 8, 2011 Date President The motion for the adoption of the foregoing resolution was duly seconded by Commissioner Kay Lasman and upon vote being taken thereon, the following voted in favor thereof - Tim Willson, Carol Kleven, Kay Lasman, Tim Roche, and Dan Ryan; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.