HomeMy WebLinkAboutCity Council Resolution 2006-162CERTIFICATE AS TO RESOLUTION
I, the undersigned, being the duly qualified and acting recording officer of the City of
Plymouth, Minnesota (the "City"), hereby certify that the attached resolution is a true copy of
Resolution No. 2006-162, entitled: "RESOLUTION CALLING FOR A PUBLIC HEARING
ON APPROVAL OF A HOUSING PROGRAM AND A TAX INCREMENT FINANCING
PLAN FOR TAX INCREMENT FINANCING (QUALIFIED HOUSING) DISTRICT NO. 1-2"
(the "Resolution"), on file in the original records of the City in my legal custody; that the
Resolution was duly adopted by the City Council of the City at a meeting on April 11, 2006, and
that the meeting was duly held by the City Council and was attended throughout by a quorum,
pursuant to call and notice of such meeting given as required by law; and that the Resolution has
not as of the date hereof been amended or repealed.
WITNESS my hand officially this 11th day of April, 2006.
City Clerk
RESOLUTION NO. 2006-162
RESOLUTION CALLING FOR A PUBLIC HEARING ON
APPROVAL OF A HOUSING PROGRAM AND A TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING (QUALIFIED HOUSING) DISTRICT NO. 1-2
BE IT RESOLVED by the City Council (the "Council") of the City of Plymouth,
Minnesota (the "City"), as follows:
1. Proposed Housing Program and Tax Increment Financing Plan. The Housing
and Redevelopment Authority in and for the City of Plymouth, Minnesota (the "Authority") has
prepared a plan (the "Redevelopment Plan") for redevelopment activities to be undertaken in
Redevelopment Project Area No. 1 (the "Project Area"). The Redevelopment Plan was approved
on November 16, 2004. In order to finance public housing costs to be incurred in connection
with the Redevelopment Plan, the Authority has prepared and will present to the Council for
approval, a housing program, as described in Minnesota Statutes, Section 462C.03, Subdivision
la (the "Housing Program"), and a Tax Increment Financing Plan, as described in Minnesota
Statutes, 469.175, Subdivision 1 (the "TIF Plan"). The TIF Plan will establish a tax increment
financing district, as defined in Minnesota Statutes, Section 469.174, Subdivision 9, designated
as Tax Increment Financing (Qualified Housing) District No. 1-2, within the Project Area. It has
been proposed that this Council hold a public hearing on the Housing Program and the TIF Plan
as required by Minnesota Statutes, Sections 462C.04, Subdivision 2, and 469.175, Subdivision 3;
and fiirther, that the Board of Commissioners of the Authority and the Council approve the
Housing Program and the TIF Plan.
2. Public Hearing. A public hearing is hereby scheduled to be held on the
Housing Program and TIF Plan at 7:00 p.m. on Tuesday, June 13, 2006, at the Plymouth City
Hall, 3400 Plymouth Boulevard, Plymouth, Minnesota. The Community Development Director
is hereby authorized and directed to cause notice of such public hearing in substantially the form
of Exhibit A attached hereto to be published in the official newspaper of the City not less than 15
days nor more than 30 days prior to the date of the hearing, and to provide the information
required by Minnesota Statutes, Section 469.175, Subdivision 2, to the appropriate governmental
bodies.
Adopted by the City Council on April 11, 2006.
EXHIBIT A
NOTICE OF PUBLIC HEARING ON APPROVAL OF A
HOUSING PROGRAM AND A TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING
(QUALIFIED HOUSING) DISTRICT NO. 1-2 IN THE CITY OF
PLYMOUTH
NOTICE IS HEREBY GIVEN that the City Council of the City of Plymouth,
Minnesota (the "City"), will hold a public hearing on the approval of a Housing Program (the
"Housing Program") and a Tax Increment Financing Plan (the "TIF Plan") for Tax Increment
Financing (Qualified Housing) District No. 1-2 (the "TIF District") in Redevelopment Project
Area No. 1 (the "Project Area") in the City at 7:00 p.m. on Tuesday, June 13, 2006, at the
Plymouth City Hall, 3400 Plymouth Boulevard, Plymouth, Minnesota.
The Housing Program and TIF Plan provide for the financing, with tax increment
revenues, of a 50 -unit town home development designed and intended for occupancy by low and
moderate income persons 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 the Project Area and the TIF District from which tax increment may be
collected, pursuant to the TIF Plan, and the area in which such tax increment may be expended.
All who wish to be heard as to the Housing Program and the TIF Plan will be
given an opportunity to express their views at the time of the public hearing or may file written
comments with the Community Development prior to the public hearing.
By /s/ Anne Hurlburt, Community Development Director