Res 1997 - 16 Extract of a Meeting of the City Council of the City of Mendota Heights, MN�
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RESOLUTION NO. 97- 16
EXTRACT OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
MENDOTA HEIGHTS, NIINNESOTA
HELD: MAY 6,1997
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Mendota Heights, Dakota County, Minnesota, was duly called and held at City Hall in said
City on the 6th day of May, 1997 at 7:30 p.m. for the purpose of approving a Modification to
Municipal Development District No. 1 Plan and the Tax Increment Financing Plan for Tax
Increment Redevelopment District No. 1.
The following members were present:
and the following were absent: xoch
Mertensotto, Huber, Smith, Krebsbach
Councilmember Huber introduced the following resolution, the reading of
which was dispensed with by unanimous consent, and moved its adoption:
RESOLUTION APPROVING MODIFICATION OF Mi)NICIPAL
DEVELOPMENT DISTRICT NO. 1 and MODIFICATION NO. 2
OF TAX INCREMENT REDEVELOPMENT DISTRICT NO. 1 AND
MODIFICATION OF THE TAX INCREMENT FINANCING PLAN
RELATING THERETO
WI�REAS, the City of Mendota Heights, Ivlinnesota (the "City") by a resolution
adopted on April 1, 1981 (Revised April 21, 1981 and again on May 5, 1981) desi�ated
Municipal Development District No. 1(the "Development District"), approved the Municipal
Development District Plan (the "Development Plan") relating thereto, established Tax Increment
Financing Redevelopment District No. 1(the "Tax Increment District") and approved the Tax
Increment Financing Plan (the "Financine Plan") relating thereto, pursuant to and in accordance
with Minnesota Statutes. Sections 469.124 to 469.134 and Sections 469.174 to 469.179,
inclusive, as amended; and
WHEREAS, the City by resolution No. 86-29 on April 16, 1986 Modified and Amended
the Development District and approved a modified Development Plan relating thereto, all
pursuant to and in accordance with Minnesota Statutes, Section 469.124 to 469.134, inclusive, as
amended; and
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MENDOTA HEIGHTS, TIF-1 Mod 2, 5/6/97
City Council Approvin� Resolution
�� t�THEREAS, the City by zesalution No. 86-29 on April 16, 1968 Modified and Amended
`�%` the Tax Increment District and approved the modified Financing Plan relating thereto, pursuant
�`' ta and in accordance with Minnesata Statutes, Section 469.174 to 469.179, inclusive, as
amended; and
i�THEREAS, the City proposes additional modifications to Development District No. 1
and Tax Increment District No. 1 and approval. of the modified Development Plan and Financing
Plan relating thereto, pursuant to Minnesota Statutes, Sectian 469.124 to 469.134 and Minnesota
Statutes, Sections 469.174 to 469.179 inclusive, as amended; and
W��REAS, the City intends this Modification No. 2 to include any and all necessary
authorizations to ratify staff decisions and actions regarding the original budget expenditures,
land acquisitions & sales, and development agreements since the beginning of the district.
�iVI�REAS, the City Cauncil of the City (the "Council") an the date hereof held a public
hearing regazding modification af the Development District No. 1 azid Tax Increment District
No. 1 and adoptian of a modified Development Plan and Financing Plan relating thereto, for
which hearing notice was published in a newspaper of general circulation in the City not less
than 10 or more than 30 days prior to the date hereof; and
�TI3EREAS, the city has presented to the members of the County Boazd of
�� Commissioners af Dakota County and the Members of the School Board of Schaol Districf No.
�---�' 19� 30-days prior to the public hearing the City's estimate of fiscal and econornic implications of
the madification of the Tax increment District and the Members of the Caunty Board and School
Board were granted the opportunity to present their comments at the public hearing held on the
daie hereof; and
�iVHEREAS, the City has performed a1I actions required by law to be performed prior to
the modification of the Development District and the Ta�Y Increment District and the approval
and adoption of a modified Development Plan and Financing Plan relating thereto.
NOW, THEREFORE, BE IT RESOLVED by the Council as follows:
l. On the basis of the information presented to the Council at meetings regarding
modification of the Develapment District No. 1 and the Tax Increment District No. 1 and the
Development Plan and Financing Plan, information pravided at the public hearing and at other
Coun.cil meetings regarding the madificatians, the Council hereby finds and determines:
(A) That the modification of the Development District No. 1 and TaY
Increment District No. 1 and the adoption of a Modified Development Plan and
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MENDOTA HEIGHTS, TIF-i Mod 2, 5i6i99
City Council Approving Resolution
M�� � c HEIG��
� Whereupon said resolution was declared duly passed and adopted and was signed by the
Mayor and attested by the Clerk.
Adopted this 6th day of May, 1997.
ATTESTED:
Kathleen M. Swanson/s/
Clerk-Treasurer
(SEAL)
Charles E. Mertensotto/s/
Mayor
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MENDOTA HEIGHTS, TIF-1 Mod 2, 5/6/97
City Council Approving Resolution