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Res 1981 - 28 Designate & Establish a Developmentr CITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION NO. 81- 28 I RESOLUTION TO DESIGNATE AND ESTABLISH A DEVELOPMENT DI NO. 1. PURSUANT TO THE PROVISIONS OF SECTION 472 Al ,TO OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMEN DISTRICT A, B, AND C PURSUANT TO THE PROVISIONS OF SEC 273.71 to 273.78 INCLUSIVE OF THE MINNESOTA STATUTES ( 322, LAWS OF MINNESOTA, 1979) AND ADOPTING A TAX INCRE FINANCE PLAN. R USIVE WHEREAS, the City Council of the City of Mendota Heights, Minnesota has determined that it is necessary and desirable and in the public iIcterest to designate, establish, develop and administer a development district in the City of Mendota Heights, Minnesota pursuant to the provisions of section 472A.01 to 472A.13, inclusive of the Minnesota Statutes; and WHEREAS, the Planning Commission of,the City of Mendota Hei'hts has been consulted with regard to the proposed district; and WHEREAS, the City Council of the City of Mendota Heights ha' determined that tax increment financing will be necessary to finance the public costs associated with the development project within the tax increment districts A, B, and C, pursuant to Minnesota Statutes 273.71 to 273.78 inclusive; and WHEREAS, a public hearing was held on May 5, 1981, at 7:30 o'clock P.M. before the City Council in the Council Chambers in the City Hall,lin Mendota Heights, Minnesota,"notice of which has been published once in the official newspaper for the City, not less than ten, nor more than thirty days prior to May 5, 1981; and WHEREAS, the City of Mendota Heights has fully informed representatives of the District No. 197 School Board and the Dakota County Board of Commissioners, of the fiscal and economic implications of the proposed development district No. 1, and tax increment districts A, B, and C; .and WHEREAS, at said public hearing all persons and parties were given full opportunity to present written or oral testimony, comments, objections, suggestions, and other matters, all of which were duly considered by the Council; and I WHEREAS, the creation of the proposed districts A, B, and C are necessary and desirable in order to provide employment opportunities, to increase tax base, and to improve the general economy of the State of Minnesota; and WHEREAS, the proposed development and tax increment districts A, B, and C are intended to (a) encourage the retention and expansion of existing industrial park; (b) provide land for the expansion of existing industrial park; (c) improve the financial base of the City; (d) provide increased employment 9pportunities and as much as possible, seek business which would employ the unemployed and under -employed; and v - 2 - WHEREAS, the City of Mendota Heights is prepared for the relocation of individuals, families and businesses that may be displaced as they result of carrying out the project; and WHEREAS, the proposed redevelopment would not occur solely +through private investment within the reasonably foreseeable future and, therefor) the use of tax increment financing is deemed necessary; and WHEREAS, the tax increment financing plan will afford maxi opportunity opportunity consistent with the sound needs of the municipality as a whole, for the redevelopment of the district by private enterprise; and WHEREAS, the tax increment financing plan conforms to the general plan for the redevelopment of the municipality;as a whole; and WHEREAS, the projects comprising the proposed tax incrementlfinancing district are a redevelopment district requiring the removal of nonLconforminq land uses and/or removal or substantial renovation of substandard,.buildings; and WHEREAS, the City Council of the City of Mendota Heights, Minnesota, finds that the land in the redevelopment district area A is blighted and predominantly occupied by buildings, streets, utilities or other improvements aid 20 percent of the buildings are found to require substantial renovation or clearance in order to remove such existing conditions as: inadequate street layout, incom- patable uses or land use relationships, overcrowding of buildings on the land, excessive dwelling unit density, obsolete'buildings not suitable for improvement or conversion, or other identified hazards to the health, safety and general well-being of the community; and WHEREAS, the City Council of the City of Mendota Heights, Minnesota, finds the land in redevelopment districts,"B" and "C" is blighted, and not predominantly occupied by buildings, streets, utilities or other improvements, but at least 80 percent of the total acreage of such land has a fair market value upon inclusion in the redevelopment,district which, when added to the estimated cost of preparing the land use,,including utilities, if any, exceeds its anticipated fair market value after completion of said preparation; and - i - NOW THEREFORE, BE IT RESOLVED {BY THE ^CITY COUNCIL OF THE CITY OF MENDOTA HEIGHTS, does hereby designate and establish Development District No. 1, and a tax increment redevelopment district, adopts a finance plan and development program for said tax increment redevelopment district and finds: 1) that the proposed development would not occur solely through private investment within the reasonable forseeable future and, therefore, the use of tax increment financing is deemed necessary; and 2) that the tax increment financing plan will afford max tunity consistent with the sound needs of the City as the development of the tax increment economic develop by private enterprise; and 3) that the tax increment financing plan conforms to the for the development of the City as a whole; and mum oppor- alwhole, for ent district plan b - 3 - 4) that the proposed tax increment districts are a r district. Adopted by the City Council this 5th day of May, 1981. CITY COUNCIL CITY OF MENDOTA HEIGHTS 1. By &L-e�JA Robert G. Lo Mayor ATTEST: 1� athleen M. Swanson City Clerk