HomeMy WebLinkAboutCity Council Resolution 2009-233CITY OF PLYMOUTH
RESOLUTION No. 2009-233
A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED ADOPTION OF A
MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 7 AND A
MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING
DISTRICT NO. 7-6
WHEREAS, the City of Plymouth, Minnesota (the "City") previously established Development District
No. 7, pursuant to Minnesota Statutes, Chapter 469, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
WHEREAS, the City previously established Tax Increment Financing (Redevelopment) District No. 7-
6, pursuant to and in accordance with Minnesota Statutes, and Sections 469.174 through 469.1799, as amended
(the "Act"); and
WHEREAS, the Plymouth Housing and Redevelopment Authority (the "Authority") is proposing a
modification by the City to its Development Program for Development District No. 7 (the "Development
Program") and to its Tax Increment Financing Plan for Tax Increment Financing (Redevelopment) District No.
7-6 (the "Tax Increment Financing Plan"), pursuant to and in accordance with the Act, to finance, with tax
increment revenues, debt service on obligations issued by the Authority to fiind the cost of a qualified housing
development project of the Authority consisting of the acquisition, constriction and fiirnishing of a 96 -unit
elderly housing facility;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA:
Section 1. Public Hearing. This Council shall meet on November 24, 2009, at approximately 7:00 P.M.,
to hold a public hearing on the proposed adoption of a modification to the Development Program and the
proposed modification to the Tax Increment Financing Plan (collectively, the "Modifications") to finance, with
tax increment revenues, a qualified housing development project and public improvements directly related
thereto; and
Section 2. Notice of Public Hearing, Filing of the Modifications. City staff is authorized and directed to
work with Ehlers & Associates, Inc., to prepare the Modifications and to forward documents to the appropriate
taxing jurisdictions, including Hennepin County and Wayzata School District No. 284. The City Clerk is
hereby authorized and directed to cause notice of such public hearing in substantially the form of Exhibit A
attached hereto, together with an appropriate map as required by law, to be published at least once in the official
newspaper of the City not later than 10, nor more than 30, days prior to November 24, 2009, and to place a copy
of the Modifications on file in the City Clerk's office at City Hall and to make such copy available for
inspection by the public.
Approved this 13th day of October, 2009.
RXHTBTT A
NOTICE OF PUBLIC HEARING ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 7 AND A MODIFICATION TO THE
TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 7-6
NOTICE IS HEREBY GIVEN that the City Council of the City of Plymouth (the "City") will hold a
public hearing on the approval of modification to the Development Program for Development District No. 7 and
the modification to the Tax Increment Financing Plan for Tax Increment Financing (Redevelopment) District
No. 7-6 at 7:00 p.m. on Tuesday, November 24, 2009, at the Plymouth City Hall, 3400 Plymouth Blvd.,
Plymouth, Minnesota.
The modified Development Program and the modified Tax Increment Financing Plan provide for the
financing, with tax increment revenues, of a qualified housing development project and public improvements
directly related thereto.
Accompanying this notice is a map of a portion of the City. The map shows the area encompassed by
Development District No. 7 and the Tax Increment Financing District No. 7-6 from which tax increment may be
collected, pursuant to the modified Development Program and the modified Tax Increment Financing Plan, and
the area in which such tax increment may be expended.
All who wish to be heard as to the modification of the Development Program and the modification of the
Tax Increment Financing Plan will be given an opportunity to express their views at the time of the public
hearing or may file written comments with the City Manager prior to the public hearing.
By /s/ Laurie Ahrens, City Manager