HomeMy WebLinkAboutEDA SP - August 20, 2013C I T Y O F
ND OVE
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
SPECIAL ECONOMIC DEVELOPMENT AUTHORITY
MEETING
August 20, 2013
6:45 p.m.
Conference Rooms A & B
1. Call to Order — 6:45 p.m.
2. Request City Council Call for Public Hearing on the proposed Modification to the
Development Program for Development District No. 1 and the proposed Establishment of Tax
Increment Financing District 1 -6.
3. Other Business
4. Adjournment
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI. ANDOVER. MN. US
TO: President and Commissioners
Jim Dickinson, Executive Director
FROM: David L. Carlberg, Community Development Director
SUBJECT: Recommend the City Council Call for Public Hearing on the proposed
Modification to the Development Program for Development District No. 1
and the proposed Establishment of Tax Increment Financing District 1 -6.
DATE: August 20, 2013
INTRODUCTION
The EDA is requested to recommend the City Council Call for a Public Hearing for the
Proposed Adoption of the Modification to the Development Program for Development
District No. 1, and the Proposed Establishment of Tax Increment Financing District No.
1 -6 and the Proposed Adoption of a Tax Increment Financing Plan.
DISCUSSION
The EDA at previous meetings has provided positive feedback of a light manufacturing
company building a 25,000 s.f. facility at Andover Station North and providing a subsidy
from the City in the form of a Tax Increment Financing (TIF) Economic Development
District. Under this pay as you go program, the taxes would be rebated back to the City
for providing the land for project at the cost of $1.00 as well as other TIF eligible
infrastructure improvements.
ACTION REQUESTED
The EDA is requested to approve the attached resolution recommending the City Council
Call for a Public Hearing for the Proposed Adoption of the Modification to the
Development Program for Development District No. 1, and the Proposed Establishment
of Tax Increment Financing District No. 1 -6 and the Proposed Adoption of a Tax
Increment Financing Plan.
Respectfully submitted,
David L. Carlberg
ANDOVER ECONOMIC DEVELOPMENT AUTHORITY
CITY OF ANDOVER
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO.
RESOLUTION REQUESTING THAT THE CITY COUNCIL OF THE CITY OF
ANDOVER CALL FOR A PUBLIC HEARING ON A MODIFICATION TO THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE
PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO.
1 -6.
WHEREAS, the City Council (the "Council ") of the City of Andover, Minnesota (the "City ")
established Development District No. 1 pursuant to Minnesota Statutes, Sections 469.174 through
469.1794, inclusive, as amended, in an effort to encourage the development and redevelopment of certain
designated areas within the City; and
WHEREAS, the Andover Economic Development Authority (the "EDA ") is proposing a
Modification to the Development Program for Development District No. 1 and the establishment of Tax
Increment Financing District No. 1 -6, all pursuant to, and in accordance with, Minnesota Statutes,
Sections 469.174 through 469.1794 and Sections 469.090 to 469.1082, inclusive, as amended; and
NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners (the "Board ") of the EDA
as follows:
The EDA hereby requests that the Council call for a public hearing on October 1, 2013, to consider
the proposed adoption of a Modification to the Development Program for Development District No.
1 (the "Program Modification ") and the proposed adoption of a Tax Increment Financing Plan (the
"TIF Plan ") for Tax Increment Financing District No. 1 -6, (the Program Modification and the TIF
Plan are referred to collectively herein as 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 districts in
which the Tax Increment Financing District No. 1 -6 is located not later than August 30, 2013.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plans and
related documents and to undertake other actions necessary to bring the Plans before the Council.
Approved by the Board on August 20, 2013.
President
ATTEST:
Secretary