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City Council Resolution 1990-07Councilmember Dan Blonigen introduced resolution, the reading of which was dispensed with consent, and moved its adoption: CITY OF MONTICELLO WRIGHT COUNTY STATE OF MINNESOTA RESOLUTION N0. 90-7 the following by unanimous A RESOLUTION RELATING TO THE MODIFICATION, BY THE HOUSING AND REDEVELOMENT AUTHORITY IN AND FOR THE CITY OF MONTICELLO, OF THE REDEVELOPMENT PLAN RELATING TO REDEVELOPMENT PROJECT NO. 1, THE MODIFICATION OF THE TAX INCREMENT FINANCING PLANS RELATING TO TAX INCREMENT FINANCING DISTRICT NOS. 1-1 THROUGH 1-10 AND THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-11, ALL LOCATED WITHIN REDEVELOPMENT PROJECT N0. 1, AND THE APPROVAL AND ADOPTION OF THE TAX INCREMENT FINANCING PLAN RELATING THERETO. BE IT RESOLVED by the City Council (the "Council") of the City of Monticello, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. It has been proposed and adopted by the Housing and Redevelopment Authority in and for the City (the "Authority") that the Authority modify, by increased project costs, Redevelopment Project No. 1, pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amended. It has been further proposed and adopted by the Authority that the Authority modify the Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1 through 1-10 and establish Tax Increment Financing District No. 1-11, located within Redevelopment Project No. 1, and approve and adopt the Tax Increment Financing Plan relating thereto, pursuant to and in accordance with Minnesota Statutes, Sections 469.174 to 469.179, inclusive, as amended. 1.02. The Authority has caused to be prepared and this Council has investigated the facts with respect thereto, a pro- posed Modified Redevelopment Plan (the "Modified Redevelopment Plan") for Redevelopment Project No. 1, defining more precisely the increased project costs to be made to Redevelopment Project No. 1, the proposed Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1 through 1-10 and the proposed Tax Increment Financing Plan (the "Tax Increment Financing Plan") for Tax Increment Financing District No. 1-11 (collectively referred to as the "Plans"). elution 90-7 2 1.03. The Authority and the City have performed all actions required by law to be performed prior to the modification of Redevelopment Project No. 1, the modification of Tax Increment Financing Districts Nos. 1-1 through 1-10 and the establishment Tax Increment Financing District No. 1-11 and the adoption of the Plans relating thereto, including, but not limited to, notification to Wright County, Independent School District No. 882 and Monticello-Big Lake Community Hospital, having jurisdication over the property to be included in Tax Increment Financing District No. 1-11, a review by the City Planning Commission of the proposed Modified Redevelopment Plan for Redevelopment Project No. 1, the proposed Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1-1 through 1-10, and the proposed Tax Increment Financing Plan for Tax Increment Financing District No. 1-11, and the holding of a public hearing upon published and mailed notice as required by law. of 1.04. The Authority hereby determines that it is necessary and in the best interest of the City at this time to modify Redevelopment Project No. 1, to modify Tax Increment Financing Districts Nos. 1-1 through 1-10 and to establish Tax Increment Financing District No. 1-11 and approve the Plans relating thereto, contingent upon execution of the Redevelopment and Assessment Agreements by and between the Housing and Redevelopment Authority of the City of Monticello and the Monticello Development Corporation. Section 2. Findings for the Modification of Redevelopment Project No. 1, Modification of Tax Increment Financing Districts Nos. 1-1 through 1-10, and the Establishment of Tax Increment Financing District No. 1-11. 2.01. The Council hereby finds, determines and declares that the modification of Tax Increment Financing Districts Nos. 1-1 through 1-10 and the establishment of Tax Increment Financing District No. 1-11, all located within Redevelopment Project No. 1, is intended and, in the judgment of the Council, its effect will be, to further provide an impetus for housing, commercial and industrial development, increase employment and otherwise pro- mote certain public purposes and accomplish certain objectives as specified in the Modified Tax Increment Financing Plans and Tax Increment Financing Plan for Tax Increment Financing Districts Nos. 1-1 through 1-11. 2.03. The Council hereby finds that Tax Increment Financing District No. 1-11 does meet the requirements of an economic development district in that it consists of any project, or any portions of a project which does not meet the requirements found in the definition of a redevelopment district, mined underground space development district, housing district or soil corrections district, but which the authority and city finds to be in the public interest because: -2- elution 90-7 1. It will discourage commerce, industry, or manufacturing from moving their operations to another state; or 2. It will result in increased employment in the municipality; or 3. It will result in preservation and enhancement of the tax base of the municipality. 2.04. The Council finds, determines and declares that the proposed development, housing and redevelopment, in the opinion of the Council, would not occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary. 2.05. The Council finds, determines, and declares that the proposed Tax Increment Financing Plan for Tax Increment Financing District No. 1-11 will afford maximum opportunity and be consistent with the sound needs of the City as a whole for the development or redevelopment of Redeveloment Project No. 1 by private enterprise. 2.06. The Council further finds, declares and determines that the City made the above findings stated in Section 2 and has set forth the reasons and supporting facts for each determination in writing, attached hereto as Exhibit A. 2.07. The Council determines and declares that Redevelopment Project No. 1 is hereby modified, that Tax Increment Financing Districts Nos. 1-1 through 1-10 are hereby modified and that Tax Increment Financing District No. 1-11 is hereby established, con- tingent upon execution of the Redevelopment and Assessment A~reements by and between the Housing and Redevelopment Authority of the City of Monticello and Russell V. Martie and Sharon F. Martie. Section 3. Adoption of Respective Plans. 3.01. The respective Plans presented to the Council on this date are hereby approved and adopted, contingent upon execution of the Redevelopment and Assessment Agreements by and between the Housing and Redevelopment Authority of the City of Monticello and Russell V. Martie and Sharon F. Martie, and shall be placed on file in the office of the City Administrator. Section 4. Implementation of the Modified Redevelopment Plan, Modified Tax Increment Financing Plans and Tax Increment Financing Plan. -3- elution 90-7 4 4.01. The officers of the City, the City's financial advisor, underwriter and the City's legal counsel and bond counsel are authorized and directed to proceed with the implementation of the respective Plans and for this purpose to negotiate, draft, prepare and present to this Council for its consideration all further plans, resolutions, documents and contracts necessary to accomplish this purpose. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember warren smith , and upon vote being taken thereon, the following voted in favor thereof: Ken Maus, Fran Fair, Warren Smith, Shirley Anderson, Dan Blonigen And the following voted against the same: None Whereupon said resolution was declared duly passed and adopted, and was signed by the Mayor and attested to by the City Administrator. Dated February 12, 1990 ~~%`" Mayor A . ,~G~~~ City A inistrator (SEAL) -4- EXHIBIT A Notice of Public Hearing CITY OF MONTICELLO COUNTY OF WRIGHT STATE OF MINNESOTA NOTICE IS HEREBY GIVEN that the City of Monticello (the "City"), County of Wright, State of Minnesota, will hold a public hearing January 22, 1990, at approximately 7:00 P.M., at City Hall, Monticello, Minnesota, relating to the proposed acquisition and disposition of property as authorized in the Authority's Tax Increment Financing Plan for Tax Increment Financing District No. 1-11. The property proposed for acquisition and subsequent disposition within Tax Increment Financing District No. 1-11 is as follows: Legal Description That part of Lot 1, Block 3 of Oakwood Industrial Park described as follows: Commencing at the northwest corner of the said lot; thence South along the West line 378.32 feet to a point; thence East at a right angle 223 feet to a point; thence North parallel with the West line to a point on the North line; thence West at a right angle to the point of beginning, subject to drainage and utility easements of record. PID NO.: 155-018-003011 Owner: Oakwood Industrial Park OF MINNESOTA CITY OF MONTICELLO ss. I, the undersigned, being the duly qualified and acting .Administrator of the City Council "the "Council") in and for the City of Monticello, Minnesota, DO HEREBY CERTIFY that I have carefully compared the attached and foregoing extract of minutes of a meeting of the Council held on the date indicated with the original minutes thereof on file in my office and that the same is a full, true and correct transcript thereof insofar as said minutes relate to Resolution No. WITNESS my had officially and the offical seal of the Council this day of , 1990. City Administrator (SEAL)