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HomeMy WebLinkAbout1989-10-05 NAC Fax to OPH Re Certification of TIF District northwest associated consultants, inc. TRANSMITTAL RECORD DATE: 5 October 1989 TO: LaVonne Wilson City of Oak Park Heights FROM: Nancy Dupont VIA: ( ) Mail ( ) Pick -Up ( ) Delivery (x) Fax .TRANSMITTED ARE: # OF COPIES/ PAGES OF DATED DESCRIPTION 6 St. Croix Mall TIF (Certification of TIF District) REMARKS: PLEASE CALL LAVONNE WILSON AT CITY HALL (439- 4439). SHE IS WAITING FOR THIS AND WILL HAVE IT PICKED UP. - THANKS RE: Oak Park Heights - St. Croix Mall TIF JOB NO. 798.02 4601 excelsior blvd., ste. 410, minneapolis, mn 55416 (612) 925 -9420 fax 925 -2721 DRAFT LETTER Mr. R.H. Stafford Washington County Auditor 14900 61st Street P.O. Box 6 Stillwater, MN 55082 RE: Certification of TIF District - St. Croix Mall TIF Dear Mr. Stafford: Please find enclosed a copy of the approved and adopted tax increment plan and City Council resolution approving the financing plan and establishing the St. Croix Mall TIF District. We are requesting that you certify the district at this time. Sincerely, LaVonne Wilson Extract of Minutes of Meeting of the City Council of the City of Oak Park Heights, Washington County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Oak Park Heights, Washington County, Minnesota, was held at the City Hall in said City on August , 1989, commencing at 7:30 PM. The following members were present: and the following were absent: The following resolution was presented by Councilmember who moved its adoption: RESOLUTION NO. RESOLUTION APPROVING ST. CROIX MALL TAX INCREMENT FINANCING PLAN AND ESTABLISHING AN ECONOMIC DEVELOPMENT TAX INCREMENT FINANCING DISTRICT BE IT RESOLVED by the City Council of the City of Oak Park Heights, Minnesota (City) as follows: Section 1. Background 1.01. This Council initiated and referred to its staff and consultants a proposal for an economic development project in the City, providing assistance to expand and rehabilitate the St. Croix Mall shopping center. 1.02. The proposal, referred to as the St. Croix Mall Tax Increment Project, has been studied and reviewed by the City with the assistance of its consultants, Northwest Associated Consultants; Voto, Tautges, Redpath and Company, Ltd.; and the law office of Eckberg, Lammers, Briggs, Wolff & Vierling. 1.03. The City has, on the basis of such study and review, prepared an economic development plan for the project area in accordance with Minnesota Statutes, Section 469.001 to 469.047 and has prepared a tax increment financing plan (TIF plan) for the project in accordance with Sections 469.174 to 469.179 of Minnesota Statutes (TIF Act). 1.04. The tax increment financing plan is contained in a document entitled " Tax Increment Financing Plan for St. Croix Mall TIF project, dated August 7, 1989, now on file with the City Clerk- Treasurer. 1.05. The City Council acts as the Planning Commission for the City. Therefore, the City Council finds that St. Croix Mall TIF Plan conforms to and is not in conflict with the general plan for the development or redevelopment of the City as a whole. 1.06. This Council has this date conducted the regular public hearing at which the views of all interested parties were heard. Copies of the TIF Plan have been forwarded to Independent School Districts No. 834 and #916 and Washington County as required by the TIF Act. The City has received no response to the notifications. 1.07. This Council has fully reviewed the contents of the St. Croix Mall Tax Increment Financing Plan. Section 2. Findings: Tax Increment Plan 2.01. It is hereby found and determined that within the Project Area there exist conditions of economic obsolescence, physical deterioration, and under - utilization and inappropriate uses of land. 2.02. It is further found and determined that within the Project Area there are deficiencies in economic viability. 2.03. It is further specifically found and determined that: a) The land in the Project Area would not be made available for development without the public intervention and financial aid described in the St. Croix Mall TIF Plan. b) The Redevelopment Plan, as previously approved, for the Project Area will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment of the Project Area by private enterprise. C) The carrying out of the Redevelopment Plan continues to be essential to the economic well -being of the City and its citizens. 2.04. The findings in this section are made to show the City's intent to use the powers granted by the Housing and Redevelopment Act to establish an economic development project as defined in the TIF Act and the City's intent to exercise the powers granted to it by those Acts to achieve the objectives of the Acts. Section 3. Findings. Economic Development District 3.01. It is found and determined that it is necessary and desirable to the sound and orderly development and redevelopment of the Project Area and of the City as a whole, and for the protection and preservation of the public health, safety, and general welfare, that the authority of the TIF Act be exercised by the City to provide public financial assistance to the Project. 3.02. It is further found and determined that the TIF District is an economic development district, and that the City Council finds it to be in the public interest because: a) It will result in increased employment in the municipality, or b) It will result in preservation and enhancement of the tax base of the municipality. 3.03. It is further found and determined, and it is the reasoned opinion of this Council, that the development proposed by the St. Croix Mall TIF Plan, and the Project could not reasonably be expected to occur solely through private investment within the reasonably foreseeable future and that therefore the use of tax increment financing is necessary. 3.04. The St. Croix Mall Tax Increment Financing Plan conforms to the general plan of development of the City as a whole. 3.05. The St. Croix Mall Tax Increment Financing Plan will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the economic development of the TIF District by private enterprise; the carrying out of the Project will substantially assist the City in the establishment of reasonable and defensible assessing policies. Section 4. Project and District Established: Certification: Filinq. 4.01. The Redevelopment Plan was approved March 17, 1989. 4.02. The St. Croix Mall Tax Increment Financing Plan is approved. The St. Croix Mall Tax Increment District is established. 4.03. The geographic boundaries of the Project Area, Redevelopment Area, and the St. Croix Mall TIF District are as described in the Redevelopment Plan and St. Croix Mall TIF Plan which document is adopted herein by reference subject to such minor modifications as are necessary to conform to the TIF Act and the Municipal Housing Authority Act. 4.04. The City Clerk Treasurer is requested to transmit a certified copy of this resolution together with a certified copy of the St. Croix Mall Tax Increment Financing Plan to the County Auditor of Washington County with a request that the original tax capacity of the St. Croix Mall TIF District be certified to the City pursuant to Section 273.76, Subdivision 1 of the TIF Act. The City Clerk Treasurer is further authorized and directed to file a copy of the St. Croix Mall TIF Plan with the Minnesota Department of Revenue as required by the TIF Act. Mayor ATTEST: City Clerk Treasurer i • The motion for the adoption of the foregoing resolution was duly seconded by Councilmember and upon vote being taken thereon, the following voted in favor of the motion: and the following voted against: Whereupon said resolution was declared duly passed and adopted.