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HomeMy WebLinkAbout19-026 - ADMIN Resolution - City Council - 2019/02/19 Resolution no. 19-026 Resolution calling a public hearing on a proposed property tax abatement for the purpose of constructing the new Westwood Hills Nature Center Be it resolved by the City Council of the City of St. Louis Park, Hennepin County, Minnesota (the “City”) as follows: 1. Recitals. (a) Pursuant to Minnesota Statutes, Sections 469.1812 through 469.1815, as amended (the “Act”), the City may grant an abatement of all or a part of the taxes levied by the City on real property within its boundaries (the “Abatement”) and issue general obligation bonds to provide continued access to public services for residents of the City (the “Abatement Bonds”); provided, however, that the City Council first holds a public hearing regarding the proposed Abatement. (b) The City proposes to issue Abatement Bonds in connection with the construction of the new Westwood Hills Nature Center (the “Project”). 2. Public Hearing. (a) In accordance with the Act, the City Council hereby calls for a public hearing on Monday, March 4, 2019, at 7:30 PM, to consider the proposed Abatement to finance the Project. The actions taken by City staff and consultants to publish a notice of public hearing in substantially the form set forth in EXHIBIT A attached hereto in the official newspaper of the City more than ten (10) but less than thirty (30) days before the date of the public hearing are hereby ratified and confirmed. (b) City staff and consultants are authorized to take all other actions needed to bring the proposed Abatement and issuance of the Abatement Bonds before the City Council. The motion for the adoption of the foregoing resolution was duly seconded b y City Council Member Anne Mavity, and, after full discussion thereof and upon a vote being taken thereon, the following City Council Members voted in favor thereof: Tim Brausen, Steve Hallfin, and Rachel Harris And the following City Council Members voted in opposition: Jake Spano and Margaret Rog Reviewed for Administration: Adopted by the City Council Feb. 19, 2019 Thomas K. Harmening, City Manager Jake Spano, Mayor Attest: Melissa Kennedy, City Clerk DocuSign Envelope ID: AFF3E76E-FAB7-4C16-8B77-74E062DF6FC1 Resolution No. 19-026 2 EXHIBIT A City of St. Louis Park Notice of public hearing regarding a proposed property tax abatement Notice is hereby given that the City Council of the City of St. Louis Park, Minnesota (the “City”) will meet on Monday, March 4, 2019, at or after 7:30 PM in the City Council Chambers at City Hall, located at 5005 Minnetonka Boulevard in the City, to hold a public hearing concerning a proposal that the City abate all or a portion of property taxes levied by the City on the properties in the City with the following property identification numbers (the “Property”): [Insert PIDs] The total amount of the taxes proposed to be abated by the City on the Property is estimated not to exceed $12,890,000. The City Council will consider the property tax abatement in connection with financing the construction of the new Westwood Hills Nature Center through the issuance of general obligation abatement bonds. All interested persons may appear and be hard at the public hearing either orally or in writing, or may file written comments with the City Clerk before the hearing. Dated: February ____, 2019 By order of the City Council of the City of St. Louis Park, Minnesota /s/ Melissa Kennedy City Clerk City of St. Louis Park, Minnesota DocuSign Envelope ID: AFF3E76E-FAB7-4C16-8B77-74E062DF6FC1