Res 2021- 25 TIF Dist #3 EndeavorEXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY
OF MENDOTA HEIGHTS, MINNESOTA
HELD: MARCH 16, 2021
Pursuant to due call and notice thereof, a regular or special meeting of the City Council of
the City of Mendota Heights, Dakota County, Minnesota, was duly called and held at the City Hall,
on March 16, 2021, at 6:00 P.M.
The following members of the Council were present:
Mayor Levine, Councilors Duggan, Mazzitello, Miller, Paper
and the following were absent: None
Member Duggan introduced the following resolution and moved its adoption:
RESOLUTION 2021-25
RESOLUTION APPROVING THE MODIFICATION TO THE DEVELOPMENT
PROGRAM FOR MUNICIPAL DEVELOPMENT DISTRICT NO. 1 AND
ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 3
(ENDEAVOR) WITHIN MUNICIPAL DEVELOPMENT DISTRICT NO. 1 AND
APPROVING THE TAX INCREMENT FINANCING PLAN THEREFOR;
APPROVING A BUSINESS SUBSIDY POLICY; AUTHORIZING AN
INTERFUND LOAN; AND AUTHORIZING EXECUTION OF A
DEVELOPMENT AGREEMENT
A.WHEREAS, it has been proposed that the City of Mendota Heights, Minnesota (the
"City") (1) modify the Development Program for Municipal Development District No. 1 (the
"Development District"); (2) establish Tax Increment Financing District No. 3 (Endeavor) therein
(the "TIF District"); (3) approve and adopt the proposed Tax Increment Financing Plan therefor
under the provisions of Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the "Act");
(4)adopt a policy for granting business subsidies (the "Business Subsidy Policy"); (5) authorize
an Interfund Loan (hereinafter defined); and (6) authorize the execution of a development
agreement; and
B.WHEREAS, the City Council has investigated the facts and has caused to be
prepared the Modification to the Development Program for the Development District ( the
"Development Program Modification"), and has caused to be prepared a proposed tax increment
financing plan for the TIF District therein (the "TIF Plan"); and
C. WHEREAS, the City has performed all actions required by law to be performed
prior to the approval of the Business Subsidy Policy, the modification of the Development District
and the establishment of the TIF District therein, and the adoption of the Development Program
Modification and TIF Plan therefor, including, but not limited to, notification of Dakota County l3178533v2
10.Development Agreement.
(a)The Council hereby approves the Development Agreement in substantially
the form submitted, and the Mayor and the City Administrator are hereby authorized and
directed to execute the Development Agreement on behalf of the Council.
(b)The approval hereby given to the Development Agreement includes
approval of such additional details therein as may be necessary and appropriate and such
modifications thereof, deletions therefrom and additions thereto as may be necessary and
appropriate and approved by the City officials authorized by this resolution to execute the
Development Agreement. The execution of the Development Agreement by the
appropriate officer or officers of the City shall be conclusive evidence of the approval of
the Development Agreement in accordance with the terms hereof.
The motion for adoption of the foregoing resolution was duly seconded by member Paper
and, after full discussion thereof, and upon a vote being taken thereof, the following voted in
favor thereof: Mayor Levine, Councilors Duggan, Mazzitello, Paper
and the following voted against same: Miller
Adopted by the Mendota Heights City Council this 16th day of March, 2021.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
ATTEST:
Stephanie Levine, Mayor '
Lorri Smith, City Clerk
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