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HomeMy WebLinkAbout2011 EDA ResolutionsL AW ] s x O . rl 0 P" O N a A W 0 N 11 L d C 7 z d b 0 u u a �C�o 00 0 z U ti Q K O N 'L3 W O C O 7J N b Y 0 u O J7 • V U �w � b � � w O O tc •� w C o w El U O O N Q U � o .. U � 0 Y V b O ti H ti H y P4 1 O 1 O ANDOVER ECONOMIC DEVELOPMENT AUTHORITY CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA RESOLUTION NO. R001 -I1 RESOLUTION REQUESTING 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 MODIFICATIONS TO THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICT NOS. 1 -1 AND 1 -2 (BOTH REDEVELOPMENT DISTRICTS). BE IT RESOLVED, by the Board of Commissioners (the "Board ") of the Andover Economic Development Authority (the "EDA ") as follows: WHEREAS, the City Council (the "Council ") of the City of Andover, Minnesota (the "City") established Development District No. 1 pursuant to Minnesota Statutes, Minnesota Statutes, Sections 469.174 through 469.1799, inclusive, as amended, to authorize the use of tax increment financing for acquisition of certain parcels and to encourage the development and redevelopment of certain designated areas within the City; and © WHEREAS, the EDA is proposing a Modification to the Development Program for Development District No. 1 and the Modifications to the Tax Increment Financing Plans for Tax Increment Financing District Nos. 1 -1 and 1 -2, all pursuant to, and in accordance with, Minnesota Statutes, Sections 469.174 through 469.1799 and Sections 469.090 to 469.1082, inclusive, as amended; NOW, THEREFORE BE IT RESOLVED by the Board as follows: The EDA hereby requests that the Council call for a public hearing on June 7, 2011, to consider the proposed adoption of a Modification to the Development Program for Development District No. 1 (the "Development Program Modification ") and the proposed adoption of the Modifications to the Tax Increment Financing Plans for Tax Increment Financing District Nos. 1 -1 and 1 -2 (the "TIF Plan Modifications "), both redevelopment districts, (the Development Program Modification and the TIF Plan Modifications are referred to collectively herein as the "Modifications ") 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 Modifications to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Modifications 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 Modifications to the Council for its approval. 4. The EDA directs the Executive Director to transmit the Modifications to the county and the © school district(s) in which Tax Increment Financing District Nos. 1 -1 and 1 -2 is located no later than May 6, 2011. © 5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Modifications and related documents and to undertake other actions necessary to bring the Plan before the Council. Approved by the Board on April 19, 2011. •esident A: EST: 1 �5t L Secret x u © ANDOVER ECONOMIC DEVELOPMENT AUTHORITY CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA RESOLUTION NO. R002 -11 RESOLUTION ADOPTING A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1, A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1 -1 (COUNTY NO. F9) AND A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1 -2 (COUNTY NO. Gl). WHEREAS, it has been proposed by the Board of Commissioners (the "Board ") of the Andover Economic Development Authority (the "EDA ") and the City Council of the City of Andover (the "City") that the EDA adopt a Modification to the Development Program for Development District No. 1 (the "Development Program Modification ") and Modifications to the Tax Increment Financing Plans (the "TIF Plans ") for Tax Increment Financing District Nos. 1 -1 and 1 -2 (the "TIF Districts ") which are referred to collectively herein as the "Modifications ", all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.090 to 469.1082 and Sections 469.174 to 469.1799, inclusive, as amended (the "Act "), all as reflected in the Modifications and presented for the Board's consideration; and © WHEREAS, the EDA has investigated the facts relating to the Modifications and has caused the Modifications to be prepared; and WHEREAS, the EDA has performed all actions required by law to be performed prior to the adoption of the Modifications. The EDA has also requested that the City Council schedule a public hearing on the Modifications upon published notice as required by law. NOW, THEREFORE, BE IT RESOLVED by the Board as follows: 1. The EDA hereby reaffirms the original findings for the TIF Districts, each established as a redevelopment district. 2. The Modifications are being completed to clarify the budget of the TIF Districts, and to give budgetary and legal authority to the City to acquire additional parcels within Development District No. 1. The City is not modifying the boundaries or extending the term of the TIF Districts. 3. The EDA further finds that the Modifications will afford maximum opportunity, consistent with the sound needs for the City as a whole, for the development or redevelopment of Development District No. 1 by private enterprise in that the intent is to provide only that public assistance necessary to make the private developments financially feasible. 4. Conditioned upon the approval thereof by the City Council following its public hearing thereon, the Modifications, as presented to the EDA on this date, are hereby approved, established and adopted and shall be placed on file in the office of the City Administrator. ® 5. Upon approval of the Modifications by the City Council, the City Administrator is authorized and directed to forward a copy of the Modifications to the Anoka County Auditor, the © Minnesota Department of Revenue and the Office of the State Auditor pursuant to Minnesota Statutes 469.175, Subd. 4a. Approved by the Board of Commissioners of the Andover Economic Development Authority this 7 day of June, 2011. E A President ATTEST: Secretary (Seal) H