HomeMy WebLinkAboutCity Council Resolution 1982-257Councilmember Threinen introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-257
RESOLUTION ESTABLISHING DEVELOPMENT DISTRICT NO. 2
PURSUANT TO MINNESOTA STATUTES CHAPTER 472.A
DE IT RESOLVED by the City Council of the City of Plymouth as follows:
1. This Council received a report from the City Manager dated October 23, 1982 and
on October 26, following its review of the report, indicated its general support
for the establishment of a development district and to conduct a tax increment
financing program (the "Program") to finance various public improvements in con-
nection with the proposed Prudential Northwest Business Campus development.
2. This Council has further found and determined by Resolution 82-202 that an essen-
tial first step in the conduct of the Program is the establishment of a Develop-
ment District (The "District") pursuant to Minnesota Statutes, Chapter 472.A (the
"Act") and the adoption of a development program for the District.
3. Pursuant to Resolution 82-202 a public hearing on the establishment of the Dis-
trict was duly called for 7;30 p.m. on this date, and all persons wishing to pre-
sent views on the establishment of the District were afforded an opportunity to
be heard.
4. This Council has heretofore consulted with its City Manager regarding the estab-
lishment of the District, and he has prepared a Development Program for the
District, copies of which have been on file in the city offices for public
inspection.
5. The Development Program has been reviewed by this Council, and it is found and
determined that the Development Program contains the statements of objectives and
policies as required by the Act including:
a. the public facilities to be constructed;
b. the open space to be created;
c. the environmental controls to be applied;
d. the proposed reuse of private property;
e. the proposed operations of the district after the capital
�.; improvements in the District have been completed; and
f. the proposed relocation policy.
i
Beginning at the intersection of Highway 55 and Interstate 494; thence northerly
along Interstate 494 to the south line of the north 1/4 of Section 15; thence
easterly along the south line of the north 1/4 of Section 15 to the east line of
Section 15; thence southerly along the east line of Section 15 and Section 22 to
West Medicine Lake Drive (a.k.a. County Road 154); thence southerly _'wily ire:t
Medicine Lake Drive to the south line of Westminster Additio;,; thence westerlv
along the south line of Westminster Addition to the west line of Medicine Lake
Estates Addition; thence southerly along the West line: of Medicine Lake Estates
Addition and the west line of Medicine Lake Estates 2nd Addition to the south
line of Medicine Lake Estates 2nd Addition; thence easterly along the south line
of Medicine Lake Estates 2nd Addition to Plymouth Creek; thence southerly along
Plymouth Creek to 26th Avenue; thence west along 26th Avenue to Teakwood Lane;
thence south along Teakwood Lane to the north line of Lr,t 1, Block 1, Minneapolis
Industrial Park 3rd Addition; thence east along the north line of Lot 1, Block 1,
Minneapolis Industrial Park 3rd Addition to the easterly line of Lot 1, Block 1,
Minneapolis Industrial Park 3rd Addition; thence southerly and easterly along the
northeasterly lines of Lots 1, 2, 3 and 4, Block 1, Minneapolis Industrial Park
3rd Addition to the east line of Minneapolis Industrial Park 3rd Addition which
is also the east line of the northeast 1/4 of Section 27; thence southerly along
the east line of Minneapolis Industrial Park 3rd Addition and its southerly
extension thereof to the intersection with Highway 55; thence northwesterly along
Highway 55 to Interstate 494 and the point of beginning. All sections referred
to are in Township 118, Range 22.
7. The Development Program for the District as presented to the Council this date is
approved and adopted in preliminary form.
8. This Council finds and determines that the next essential step in the conduct of
the Program is the establishment of a tax increment financing district within
Development District No. 2 pursuant to the Minnesota Tax Increment Financing Act,
Minnesota Statutes, Sections 273.71 to 273.78. The staff is directed to begin
preparation of a tax Increment financing plan for an economic development dis-
trict within Development District No. 2 for consideration by the City Planning
Commission and this Council.
The motion for adoption of the foregoing Resolution was duly seconded by
Cngnrilmember Moen , and upon vote being taken thereon, he
following ro n avor
thereof: Mayor Davenport, Councilmembers Moen, Neils,
The fo low ng rot 'On'nst or st
Whereupon the Resolution was declared dul