RES 2012-15 - 14896RESOLUTION NO. 2012-15
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 -19, CREATION OF TAX INCREMENT FINANCING DISTRICT
NO. 20 AND APPROVAL AND ADOPTION OF A TAX INCREMENT FINANCING PLAN
RELATING THERETO AND THE CREATION OF HAZARDOUS SUBSTANCE
SUBDISTRICT NO. 20A AND THE 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, April 9, 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 -19 (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. 20 (the "Tax
Increment District') and approval and adoption of a Tax Increment Financing Plan relating thereto; and
(d) creation of Hazardous Substance Subdistrict No. 20A (the "Subdistrict ") and the 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 Plans (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 13TH DAY OF FEBRUARY 2012.
SCOTT J. LUND, MAYOR
ATTEST:
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DEBRA A. SKOGE , CITY CLERK
Resolution No. 2012 -15
NOTICE OF PUBLIC HEARING
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
Page 2
FXHTRTT A
NOTICE IS HEREBY GIVEN THAT the City Council (the "Council ") of the City of Fridley,
Minnesota, will hold a public hearing on Monday, April 9, 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 -19 to reflect increased project costs and increased bonding authority within
the Project Area; (c) creation of Tax Increment Financing District No. 20 (the "Tax Increment
District ") and approval and adoption of a Tax Increment Financing Plan relating thereto; and (d)
creation of Hazardous Substance Subdistrict No. 20A (the "Subdistrict ") and the 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. and the Subdistrict include the
following PINS and all roads, right of way and easements located adjacent to or as part of the PINS:
27- 30 -24 -13 -0002 27- 30 -24 -42 -0002 27- 30 -24 -43 -0002.
The property is generally located at 4800 E. River Road NE.
The attached map shows the boundaries of the proposed Tax Increment District and the Subdistrict
which are coterminous 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
Resoluticni No. 2012-15
Page 3
LEGEND
M Existing TIF Districts
Redevelopment Project Area in
which tax increment may be spent
Proposed TIF District #20, in which
tax increment may be generated