Res 2020- 67 Approving Property Tax AbatementsEXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF MENDOTA HEIGHTS,
MINNESOTA
HELD: OCTOBER 7, 2020
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Mendota Heights, Minnesota, was duly called and held at the City Hall in Mendota Heights,
Minnesota, on October 7, 2020, at 7:00 p.m., for the purpose, in part, of approving tax
abatements to assist in financing the Marie Avenue and Wesley Lane Neighborhood road
rehabilitation project in the City of Mendota Heights.
The following members were present: Mayor Garlock, Councilors Duggan, Miller, Paper,
Petschel.
and the following were absent: none.
Member Miller introduced the following resolution and moved its adoption:
RESOLUTION 2020-67
RESOLUTION APPROVING PROPERTY TAX ABATEMENTS
BE IT RESOLVED by the City Council of the City of Mendota Heights, Minnesota (the
"City"), as follows:
WHEREAS, the City proposes to assist in financing the Marie Avenue and Wesley Lane
Neighborhood road rehabilitation project in the City of Mendota Heights (the "Project"). The
City proposes to use the abatement for the purposes provided for in the Abatement Law (as
hereinafter defined), including the Project. The proposed term of the abatement will be for up to
fifteen (15) years in an amount not to exceed $1,625,000. The abatement will apply to the City's
share of the property taxes (the "Abatement") derived from the property described by property
identification numbers on the attached "Exhibit A" (the "Property"); and
WHEREAS, on the date hereof, the Council held a public hearing on the question of the
Abatement, and said hearing was preceded by at least 10 days but not more than 30 days prior
published notice thereof, and
WHEREAS, the City Council proposes to issue its General Obligation Tax Abatement
Bond, Series 2020A (the "Bond") in an amount not to exceed $1,625,000; and
WHEREAS. the Abatement will be pledged to the payments of the Bond. The proceeds
of the Bond shall be used to finance the Project.
WHEREAS, the Abatement is authorized under Minnesota Statutes, Sections 469.1812
through 469.1815, as amended (the "Abatement Law").
12852071v1
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mendota
Heights, Minnesota, as follows:
Findines for the Abatement. The City Council hereby makes the following
findings:
(a) The Council expects the benefits to the City of the Abatement to at least
equal or exceed the costs to the City thereof.
(b) Granting the Abatement is in the public interest because it will:
(i) help provide access to services for residents of the political
subdivision; and
(ii) finance or provide public infrastructure.
(c) The Property is not and will not be located in a tax increment financing
district during the Abatement period.
(d) In any year, the total amount of property taxes abated by the City by this
and other existing abatement resolutions, shall not exceed ten percent (10%) of net tax
capacity of the City for the taxes payable year to which the abatement applies or
$200,000, whichever is greater (the "Abatement Limit"). The City may grant other
abatements permitted under the Abatement Law after the date of this resolution, provided
that to the extent the total abatements in any year exceed the Abatement Limit the
allocation of the Abatement limit to such other abatements is subordinate to the
Abatement granted by this resolution.
2. Terms of Abatement. The Abatement is hereby approved. The terms of the
Abatement are as follows:
(a) The Abatement shall be for up to a fifteen (15) year anticipated to
commence for the taxes payable in the year 2022. The City reserves the right to modify
the commencement date, but the abatement period shall not exceed fifteen (15) years.
(b) The City will abate the City's share of property tax amount which the City
receives from the Property, cumulatively not to exceed $1,625,000.
(c) The Abatement shall be subject to all the terms and limitations of the
Abatement Law.
The motion for the adoption of the foregoing resolution was duly seconded by Member
Paper and, after a full discussion thereof and upon vote being taken thereon, the following voted
in favor thereof:
Mayor Garlock, Councilors Duggan, Miller, Paper, Petschel.
and the following voted against the same: none.
Adopted on October 7, 2020 by the City Council of Mendota Heights.
Mayor
Attest:
City Clerk
128520710
277110001050
277150001020
277110001030
277110001020
277150001030
277110001010
277150001040
278115001040
277110001040
278115001030
278115001020
272250101010
272250101020
272250101030
272250101040
272250101050
272250001080
272250001070
271650001030
271555001070
12852071vl
Exhibit A
Parcel ID Numbers for "Property"
271555001060
271555001050
271555001040
271555001030
270230053020
278195701020
278196001020
278195701010
278196001010
278195601010
278196101030
278195501030
278196101020
278195501020
278196101010
278195501010
278195801030
278195201030
278195801020
278195201020
278195801010
278195201010
278195901020
278195402030
278195901010
278195402020
278195402010
278195401020
278195401010
278195301030
278195301020
278195301010
278195101040
278195101030
278195101020
278195101010
270230054030
270230053031
271555001020
271555001090
FEW
271650001020
271650001050
274495000012
276470001050
276470001040
276470001010
276470002070
276470002010
276470003050
270260025011
272245201010
272245201020
272245901010
276400001032
276400001020
276400001010
278115001010
277105000060
277110201110
277090002010
276470001020
276470001030
276470001060
276470001070
276470002060
276470002050
276470002040
276470002030
276470002020
276470003060
276470003070
276470003040
270260005020
271650001010
273280004010
273280004030
273280004040