HomeMy WebLinkAboutCity Council Resolution 1993-828•
CITY OF PLYMOUTH
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION NO. 93-828
RESOLUTION APPROVING AMENDMENT TO TAX INCREMENT
FINANCING PLAN FOR ECONOMIC DEVELOPMENT DISTRICT 4-2
BE IT RESOLVED by the City Council (the "Council") of the City of
Plymouth, Minnesota (the "City"), as follows:
Section 1. Recitals.
1.01. It has been proposed that the City amend the Tax Increment
Financing Plan for District No. 4-2 (the "Plan") to include that certain
Development Property and the Improvements thereon proposed by Ameridata, Inc.
at 10200 — 51st Avenue North and provide for reimbursement of certain
redevelopment costs paid by Ameridata, Inc. through Tax Increment on a pay as
you go basis; pursuant to such provisions of Minnesota Statutes, Sections
469.174 through 469.179, as may be applicable thereto, and as reflected in
that certain document entitled "Amendment to Tax Increment Financing Plan for
Economic Development District No. 4-2" dated 1993 and
presented for the Council's consideration.
1.02. The Council has investigated the facts relating to the Plan.
1.03. The City has performed all actions required by law to be
performed prior to the adoption and approval of the Plan.
Section 2. findings for the Amendment of the Tax Increment Financing
Plans for Economic Development District 4-2.
2.01. The Council.finds that the proposed development would not occur
solely through private investment within the reasonably foreseeable future
and, therefore, the use of tax increment financing is deemed necessary; that
the Plan, as amended, will conform to the general plan for the development or
redevelopment of the City as a whole because the subject area is properly
zoned for the intended use, and the anticipateddevelopment is in furtherance
of the long range plans of the City for the subject area; and that the Plan,
as amended, will afford maximum opportunity, consistent with the sound needs
of the City as a whole, for the development of the subject area by private
enterprise because it will enable the City to provide and finance suitable and
necessary public enducements.
2.02. The Council further finds that the Plan, as amended, is
intended and, in the judgment of the Council, its effect will be to promote
the public
RESOLUTION NO. 93-828
purposes and accomplish the objectives specified in the Plan and the
Development Program for the Development District, which are all consistent
with the efforts already made for the development of the subject area.
2.03. The Council hereby finds that the Plan, as amended, will be in
the public interest and will result in the preservation and enhancement of the
tax base of the City, of the employment opportunities within the City, and of
the City's Central Business District.
Section 3. Approval and Adoption of the Amendment to the Plan.
3.01. The Amendment to the Plan, as presented to this Council on this
date, including without limitation the findings and statements of objectives
contained therein, is hereby approved, ratified, established, and adopted and
shall be placed on file in the.office of the City Clerk.
7423P
Adopted by the Plymouth City Council and approved on December 20 , 1993.
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93-828
CITY CLERK'S CERTIFICATE
The undersigned, being the duly qualified and acting City Clerk of the
City of Plymouth, Minnesota, hereby certifies that the foregoing is a true
and correct copy of a resolution on file and of record in the offices of the
City, which resolution relates to the approval of Amendment of Tax Increment
Financing Plan for Economic Development District No. 4-2, and which
resolution was duly adopted by the Council at a regular or special meeting
of the Council held on December 6, 1993. Said meeting was duly called and
regularly held at the place at which meetings of the Council are.regularly
held and the meeting was open to the public, a quorum of the Council being
present and acting throughout the meeting. Councilmember
Edson introduced and moved the adoption of the foregoing
resolution, which was presented in writing and was either read in full or
the reading thereof was dispensed with by unanimous consent of the Council,
which motion was seconded by Councilmember Tierney . A vote being
taken upon the motion, the following memhErs of the Council voted in favor
of adopting the resolution:
Mayor Bergman, Councilmembers Helliwell, Edson, Tierney, and Vasiliou
and the following voted against the same:
None
Whereupon said resolution was declared passed and adopted and was thereafter
approved by execution by the Mayor, as attested by the undersigned. The
foregoing resolution remains in full force and effect, and no action has
been taken by the Council which would in any way alter, amend, or repeal the
resolution.
WITNESS MY HAND officially as the City Clerk of the City of Plymouth,
Minnesota this 28th day of January 1994. , 1993.
(SEAL)
2ossv
City Clerk
City of Plymouth, Minnesota
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