RES 2012-48 - 14951RESOLUTION NO. 2012-48
A RESOLUTION CALLING FOR A PUBLIC HEARING ON MODIFICATIONS TO THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 AND THE TAX
INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS
NOS. 6-7,9,11-13 AND 16 -20, CREATION OF TAX INCREMENT FINANCING
DISTRICT NO. 21 AND APPROVAL AND ADOPTION OF A TAX INCREMENT
FINANCING PLAN RELATING THERETO
BE IT RESOLVED by the City Council (the "Council ") of the City of Fridley, Minnesota (the
"City "), as follows:
Section 1. Public Hearing.
1.01. This Council shall meet on Monday, October 8, 2012, commencing at approximately 7:30
o'clock p.m. at City Hall, 6431 University Avenue N.E., Fridley, Minnesota, to hold a public
hearing on the fallowing: (a) modification of the Redevelopment Plan for Redevelopment Project
No. 1 (the "Project Area ") to reflect increased project casts and increased banding authority within
the Project Area; (b) modification of the Tax Increment Financing Plans for Tax Increment
Financing Districts Nos. 6 -7, 9, 11 -13 and 16 -20 (the "Existing TIF Districts ") to reflect increased
project casts and increased banding authority within the Project Area; (c) creation of Tax Increment
Financing District No. 21 (the "Tax Increment District ") and approval and adoption of a Tax
Increment Financing Plan relating thereto, all pursuant to and in accordance with Minnesota
Statutes, Sections 469.001 to 469.047 and 469.174 to 469.1799, inclusive, as amended and
supplemented.
Section 2. Notice of Hearing; Filing of Plans.
2.01. The City Clerk is authorized and directed to cause notice of the public hearing, substantially
in the farm attached hereto as Exhibit A, to be published as required by law, to place a copy of the
Redevelopment Plan and proposed Tax Increment Financing Plan (collectively the "Plans ") on file
in the City Clerk's office and to make such Plans available for inspection by the public.
PASSED AND ADOPTED BY THE CITY COUNCIL OFTHE CITY OF FRIDLEY,
MINNESOTA THIS 20TH DAY OF AUGUST 2012.
� A = A
SCOTT J. LUND, MAYOR
ATTEST:
DEBRA A. SKOGE , CITY CLERK
Resolution No. 2012-48
CERTIFICATION
Page 2
1, Debra A. Skogen ----------- — . the duly qualified Clerk of the City of Fridley, County of
Anoka, State of Minnesota, hereby certify that the foregoing is a true and correct copy of
Resolution No. 48 passed by the City Council on the 20t ay of August , 2012.
kL-4vnm�
CITY CLERK 0
Resolution No. 2012 -48
EXHIBIT A
NOTICE OF PUBLIC HEARING
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
Page 3
NOTICE IS HEREBY GIVEN THAT the City Council (the "Council ") of the City of Fridley,
Minnesota, will hold a public hearing on Monday, October 8, 2012, commencing at approximately
7:30 o'clock p.m. at City Hall, 6431 University Avenue N.E., Fridley, Minnesota, to hold a public
hearing on the following: (a) modification of the Redevelopment Plan for Redevelopment Project
No. 1 (the "Project Area ") to reflect increased project costs and increased bonding authority within
the Project Area; (b) modification of the Tax Increment Financing Plans for Tax Increment
Financing Districts Nos. 6 -7, 9, 11 -13 and 16 -20 to reflect increased project costs and increased
bonding authority within the Project Area; (c) creation of Tax Increment Financing District No. 21
(the "Tax Increment District ") and approval and adoption of a Tax Increment Financing Plan
relating thereto, all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to
469.047 and 469.174 to 469.1799, inclusive, as amended and supplemented. Copies of the
documentation relating to the above proposed actions will be on file and available for public
inspection in the office of the City Clerk.
The property proposed to be included in Tax Increment District No. 21 include the following PINS
and all roads, right of way and easements located adjacent to or as part of the PINS:
14- 30 -24 -34 -0007
23- 30 -24 -21 -0111
23- 30 -24 -21 -0143
23- 30 -24 -21 -0123
23- 30 -24 -24 -0022
14- 30 -24 -34 -0008
23- 30 -24 -21 -0110
23- 30 -24 -21 -0141
23- 30 -24 -21 -0122
14- 30 -24 -34 -0010
23- 30 -24 -21 -0109
23- 30 -24 -21 -0140
23-30-24-24-0130
23-30-24-21-0135
23- 30 -24 -21 -0134
23- 30 -24 -21 -0016
23- 30 -24 -24 -0023
The property is generally located at 5831 - 6101 University Avenue NE.
The attached map shows the boundaries of the proposed Tax Increment District and is the area from
which tax increment revenues may be generated, and the boundaries of Redevelopment Project No.
1, the area in which the tax increment revenues may be expended.
All interested persons may appear at the hearing and present their views orally or in writing.
BY ORDER OF THE CITY COUNCIL
/s/ William W. Burns, City Manager
Page 4
Resolution No. 2012
-48
FRIALLEY
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Redevelopment Project area and
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Tax Increment Financing Districts
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LEGEND
Existing TIF Districts
Q Redevelopment Project Area in
which tax increment may be spent
® Proposed TIF District #21
0 025 0.5 1
_ Miles
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