PUBLIC HEARING - Joe Huss, Finance Director
Title
PROPOSAL FOR BLAINE EDA TO ADOPT AN AMENDMENT FOR TAX INCREMENT FINANCE DISTRICT 1-13
Schedule of Actions
|
Planning Commission Review |
November 9, 2016 |
|
Economic Development Authority |
December 1, 2016 |
|
City Council Public Hearing |
December 1, 2016 |
Background
Staff is proposing to amend the EDA’s Tax Increment Financing (TIF) Plan, specifically TIF District 1-13 (Donnay’s). The district was established for the redevelopment of the old Donnay community center and pool which occurred during the late 1990’s. The budget amendment is a step in the closeout of the district. The amendment reflects revenues which may be characterized as tax increments and increases the authorized expenditures to conform with budgeting and reporting requirements and authorize expenditures in connection with development and redevelopment anticipated to occur within Housing and Redevelopment Project No. 1 and Development District No. 1 (collectively, the “Project Area”). The modification being proposed is to amend the budget for the district per the attached modified plan. There will be no other changes to the tax increments financing plans for this TIF District. The Planning Commission reviewed the proposed amendment at their November 9 meeting and determined the amendment is consistent with the City’s Comprehensive Plan.
Recommendation
Conduct public hearing and, by motion, adopt the resolution.
Body
BE IT RESOLVED by the City Council (the “Council”) of the City of Blaine, Minnesota (the “City”), as follows:
Section 1. Recitals.
1.01 The Blaine Economic Development Authority (the “EDA”) has proposed to modify Tax Increment Financing District No. 1-13 (the “TIF District”), and adopt a modification to the Tax Increment Financing Plan relating thereto (the “TIF Plan”); all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.001 through 469.047, 469.090 through 469.1082, 469.124 through 469.134, and 469.174 through 469.1794; all as reflected in that certain document, dated December 1, 2016, entitled “Amendment to Tax Increment Financing Plan for Tax Increment Financing District No. 1-13” and presented for the Council’s consideration (the “Amendment”).
1.02 The Council has investigated the facts relating to the Amendment of the TIF Plan.
1.03 The City has performed all actions required by law to be performed prior to the adoption and approval of the Amendment of the TIF Plan, including, but not limited to, 30 days’ prior notification of the County Auditor and School District Clerk and of the individual affected County Commissioner, a review of the Amendment of the TIF Plan by the City Planning Commission, and the holding of a public hearing thereon following notice thereof published in the City’s official newspaper at least 10 but not more than 30 days prior to the public hearing.
Section 2. Findings for the Modification of the TIF District and Adoption of Amendment of the TIF Plan Therefor.
2.01 The City Council hereby finds that the Amendment of the TIF Plan is and, in the judgment of the City Council, the effect will be, to carry out the objectives of the TIF Plan and to create an impetus for housing, redevelopment and economic development activities and otherwise promote certain public purposes and accomplish certain objectives as specified in the TIF Plan and the Project Plan (the “Project Plan”) for the Blaine Economic Development Project (the “Project Area”).
2.02 The City Council hereby ratifies and confirms the findings made in connection with the establishment of the TIF District.
2.03 The provisions of this Section 2 are hereby incorporated by reference into and made a part of the TIF Plan.
Section 3. Approval and Adoption of the Amendment of the TIF Plan.
3.01 The Amendment of the TIF Plan, as presented to the Council on this date, including without limitation the findings and statements of objectives contained therein, is hereby approved, ratified, established, and adopted.
3.02 The staff of the City is hereby directed to file a copy of the Amendment to TIF Plan with the County Auditor of Anoka County, the Commissioner of Revenue and the Office of the State Auditor.
PASSED on December 1, 2016, by the Blaine City Council.