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Home My WebLink About99-94 - ADMIN Resolution - City Council - 1999/08/16RESOLUTION NO. 99-94 RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY ON THE PROPOSED ESTABLISHMENT OF THE PARK COMMONS TAX INCREMENT FINANCING DISTRICT WITHIN REDEVELOPMENT PROJECT NO. 1 AND THE ADOPTION OF THE PROPOSED TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED by the City Council (the "Council") for the City of St Louis Park, Minnesota (the "City"), as follows Section 1 Public Hearing This Council shall meet on Monday, October 18, 1999, at approximately 7 30 p m , to hold a public hearing on the proposed adoption of the Modification to the Redevelopment Plan for Redevelopment Project No 1, the proposed establishment of Park Commons Tax Increment Financing District, (a redevelopment district), and the proposed adoption of a Tax Increment Financing Plan therefor, and the approval of a business subsidy, all pursuant to and accordance with Minnesota Statutes, Sections 469 090 through 469 1081, inclusive, as amended, and Minnesota Statutes, Sections 469 174 through 469 179, inclusive, as amended, and Minnesota Statutes, Sections 116J 993 through 116J 995 in an effort to encourage the development and redevelopment of certain designated areas within the City, and Section 2 Notice of Public Hearing, Filing of Plan and Program City staff is authorized and directed to work with Ehlers and Associates, Inc , to prepare the Modification to the Redevelopment Plan and the Tax Increment Financing Plan (the "Plan and Program") and to forward documents to the appropriate taxing jurisdictions including Hennepin County and Independent School District No 283 The City Manager is authorized and directed to cause notice of the hearing, together with an appropriate map as required by law, to be published at least once in the official newspaper of the City not later than 10, nor more than 30, days prior to October 18, 1999, and to place a copy of the Plan and Program on file in the City Manager's office at City Hall and to make such copy available for inspection by the public Reviewed for Administration Attest Cit 'Clerk Adopted�� it �_�;� cil August 16, 1999 PIO 06 028 24-43-0079 06-028 24 34-0011 06 028-24 34-0012 06.028.24.34.0013 06-028-24 34-0001 06-028 24 34-0002 06-028 24 34-0003 06 028-24-34-0004 06 028 24 34-0005 06-028-24-43 0080 06-028-24-43-0067 06-028-24-43-0065 07-028.24.21-0099 07-028-24-21-0098 07.028-24-21.0254 07-028 24.21-0112 06-028-24-34 0016 06-028-24-34-0009 06-028-24-34-0008 06-028 24.34.0007 06.028-24.31.0010 06-028-24 34-0006 06-028-24-43-0074 06-028 24.43-0075 06-028-24-43-0076 06-028-24-43-0077 06-028-24-43-0078 07-028.24.12-0170 07.028 24 12-0174 07-028-24 21-0116 07-028 24 21-0255 07-028.24.21-0251 07-028-24-21-0250 07-028 24-21-0107 07-028-24 21-0108 07-028.24.21-0109 07.028.24.21-0117 Totals Resolution No, 99-94 EXHIBIT A TIF Property Evaluations for Saint Louts Park, MN Conducted by YHR Partners, 3969 Central Ave NE, Minneapolis, MN 55421, (812)788-5319 Proposed "Park Commons" District 16 -Jul -99 Current percentage of properties meeting site age requirements (Minimum of 70% required) Current percentage of qualifying "structurally substandard" structures (based on TIF requirements) (Minimum of 80% required) PID_Code 9930 001.0001 9930 001-0002 9930 001.0003 9930 001.0004 9930 001-0005 9930 001-0006 9930 001-0007 9930 001-0008 9930 001-0009 9930 001.0010 9930 001-0011 9930 001-0012 9930 001-0013 9930 001-0014 9930 001.0015 9930 001-0016 9930 001-0017 9930 001-0016 9930 001-0019 9930 001-0020 9930 001-0021 9930 001-0022 9930 001-0023 9930 001-0024 9930 001.0025 9930 001-0026 9930 001.0027 9930 001-0028 9930 001-0029 9930 001.0030 9930 001-0031 9930 001-0032 9930 001-0033 9930 001.0034 9930 001-0035 9930 001-0038 9930 001.0037 Name City of SI Louts Park Cly of SI Louts Park EDA Gladys M Schnabel Frank Kulavik Mary Jo Rossi Judah Miktoczak Cly of St Louis Park EDA Mark and Sherry Aune Dale Anderson Cly of SI Louis Park EDA City of SI Louis Park EDA City of SI Louis Park EDA City of St Louis Park EDA Cly of SI Louts Park EDA City of St Lours Park EDA John Hoogesteger City of St Louis Park EDA City of St Louis Park EDA City of SI Louis Park EDA City of St. Lours Park EDA City of St Louis Park EDA City of SI Louis Park EDA GM Smedburg City of St Louis Park EDA SS Stoilov SLP EDA RBF Investments Inc. C W Hocked Michael Jennings Michael Jennings Cly of SI Louts Park EDA City of St Louis Park EDA John M Hoogesteger John M Hoogesteger John M Hoogesteger John M Hoogesteger John M Hoogesteger Address 4545 W 38th Si 4810 W 381h SI 4822 W 38th Si 4830 W. 38th St 4900 W 38th SI 3724 Natchez Ave S 3732 Natchez Ave S 3736 Natchez Ave S 3744 Natchez Ave S 3730 Monterey Dr 3741 Monterey Dr 3743 Monterey Dr 3800 Princeton Ave S 3801 Princeton Ave S 3804 Pnncelon Ave S 3951 Princeton Ave S 3737 Ottawa Ave S 3750 Ottawa Ave S 3742 Ottawa Ave S 3743 Ottawa Ave S 3754 Ottawa Ave S 3755 Ottawa Ave S 4500 Excelsior Blvd 4504 Excelsior Blvd 4510 Excelsior Blvd 4514 Excelsior Blvd 4520 Excelsior BNd 4530 Excelsior Blvd 4600 Excelsior Blvd 4608 Excelsior Blvd 4700 Excelsior Blvd 4730 Excelsior Blvd 4800 Excelsior Blvd 4808 Excelsior Blvd 4814 Excetslor Blvd 4816 Excelsior BIW 4820 Excelsior BIW Site Coverage Coverage Site Area (81.) Coverage (s 1.) (%) Ouantty 87500 57375 Percentages Code Total s of s Sub- FC1' Buttdings standard 85% 67500 0 0 8970 1510 22% 8970 19% 1 1 5227 1493 29% 5227 19% 1 1 5227 1372 26% 5227 19% 1 1 5863 1517 27% 5663 17% 1 1 8276 2052 25% 8276 21% 1 1 8000 0 0% 0 0 0 8098 1040 17% 6098 7% 1 0 9148 1883 21% 9148 17% 1 1 9148 4695 51% 9148 24% 1 1 2178 0 0% 0 0 0 21780 0 0% 0 0 0 7655 1910 25% 7655 0% 1 0 23958 0 0% 0 0 0 7650 3130 41% 7650 18% 1 1 871 871 100% 871 0 0 10005 2577 26% 10005 19% 1 1 6325 2471 39% 6325 30% 1 1 10005 1867 19% 10005 2B% 1 1 10005 2390 24% 10005 24% 1 1 6900 1779 26% 8900 24% 1 1 18118 3402 21% 18116 1716 1 1 3485 2855 82% 3485 23% 1 1 3920 3920 100% 3920 33% 1 1 4750 4750 100% 4750 40% 1 1 5175 4230 82% 5175 34% 1 1 11325 11325 100% 11325 23% 1 1 5900 5900 100% 5900 16% 1 1 20060 20060 100% 20060 17% 1 1 81420 56740 92% 61420 7% 2 1 63182 80075 95% 63162 22% 1 1 20473 5961 29% 20473 9% 1 0 28750 19354 67% 28750 0 0 7050 7050 100% 7050 29% 1 1 6750 6750 100% 6750 26% 1 0 8087 8087 100% 8087 33% 1 1 25700 3850 15% 25700 0 0 528712 474796 30 25 90% 83% • Code FCI Is a percentage relering 10 the total code deficiencies of a property / estimated r ' nl value — on riion (Cond) FC1 Is a percentage referring Io the total building condition defcie ry / eslimated replacement value 90% 83% Gond FCr- Survey Method Used Parkmg only 38% Exlertor evaluation 37% Exterior evaluation 38% Exterior evaluation 37% Exterior evatuallon 40% Exterior evaluation Vacant lot 31996 Exterior evaluation 40% Exterior evaluation 4f% Interior evaluation Vacant lot Vacanl lot 29% inlerior evaluation Vacant kol 37% Intenor evatualxon Parking only 42% Interior evaluation 37% interior evaluation 35% Interior evacuation 41% Interior evaluatron 37% Exterior evaluation 42% Interior evaluation 42% Extenor evaluation 36% Interior evaluation 45% Exterior evaluation 51% Interior evaluation 30% Exterior evaluation 4196 Exterior evaluation 41% Interior Evaluation 34% ardency Evaluation 50% Merior Evaluation 54% interior Evalualion Parking only 43% Exterior evaluation 43% Extenor evaluation 42% Exterior evaluation Vacant lot / parking