HomeMy WebLinkAbout22-046 - ADMIN Resolution - City Council - 2022/03/21Resolution No. 22-046
Resolution approving a modification to the development program
for Redevelopment Project No. 1, the establishment of the 9920
Wayzata Blvd Tax Increment Financing District (Bigos Development)
and a tax increment financing plan therefor
Whereas, the City of St. Louis Park, Minnesota (the “City”) and the St. Louis Park
Economic Development Authority (the “Authority”) have previously established Redevelopment
Project No. 1 (the “Project”) within the City and have adopted a Development Program (the
“Development Program”) therefor, pursuant to Minnesota Statutes, Sections 469.001 through
469.047, as amended, and Minnesota Statutes, Sections 469.090 through 469.1081, as
amended (together, the “Act”); and
Whereas, the City and the Authority have proposed to approve a Modification to the
Development Program for the Project (the “Program Modification”) and a tax increment
financing plan (the “TIF Plan”) for the 9920 Wayzata Blvd Tax Increment Financing District
(Bigos Development) (the “TIF District”), a housing district, within the Project, pursuant to
Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the “TIF Act”), all as
described in a plan document presented to the City Council of the City (the “City Council”) on
the date hereof; and
Whereas, pursuant to Section 469.175, subdivision 2a of the TIF Act, notice of the
proposed TIF District was presented to the commissioner of Hennepin County, Minnesota (the
“County”) representing the area to be included in the TIF District at least 30 days before the
publication of the notice of public hearing; and
Whereas, pursuant to Section 469.175, subdivision 2 of the TIF Act, the proposed
Program Modification and the TIF Plan and the estimates of the fiscal and economic
implications of the TIF Plan were presented to the Clerk of the Board of Education of
Independent School District No. 283 (St. Louis Park Public Schools) and to the County Auditor of
the County at least 30 days prior to the date hereof; and
Whereas, on the date hereof, the Board of Commissioners of the Authority (the
“Board”) approved the Program Modification and the TIF Plan for the TIF District; and
Whereas, the City Council has reviewed the contents of the Program Modification and
TIF Plan and on this date conducted a duly noticed public hearing on these documents, at which
the views of all interested parties were heard; and
Now, therefore, be it resolved by the City Council of the City of St. Louis Park, Minnesota
as follows:
Section 1. Findings for the program modification for the project.
(a) The boundaries of the Project are not being expanded and the Development
Program is not being modified other than to incorp orate the establishment of the TIF District
therein and therefore the City Council reaffirms the findings and determinations originally
made in connection with the establishment of the Project area and the adoption of the
Development Program therefor. The purposes and development activities set forth in the
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Development Program, as modified, are hereby expanded by to include all development and
redevelopment activities occurring within the TIF District.
(b) It is hereby found and determined that within the Project there exist conditions
of obsolescence, underutilization, and inappropriate use of land constituting blight within the
meaning of the Act.
(c) It is further specifically found and determined that (i) the land within the Project
would not be made available for redevelopment without the public intervention and financial
assistance described in the Program Modification; (ii) the Program Modification will afford
maximum opportunity, consistent with the sound needs of the City as a whole, for the
development and redevelopment of the Project by private enterprise; and (iii) the Program
Modification conforms to the general plan for the development of the City as a whole.
Section 2. Findings for the establishment of the TIF district.
(a) It is found and determined that it is necessary and desirable for the sound and
orderly development of the Project, and for the protection and preservation of the public
health, safety, and general welfare, that the authority of the TIF Act be exercised by the City to
provide financial assistance to the TIF District and the Project.
(b) It is further found and determined, and it is the reasoned opinion of the City,
that the development proposed in the TIF Plan could not r easonably be expected to occur
solely through private investment within the reasonably foreseeable future.
(c) The proposed development to be financed in part through tax increment
financing are necessary to permit the City to realize the full potential of the the Project in terms
of housing density, increased housing options in the City, and increased tax base.
(d) The TIF Plan conforms to the general plan for development of the City as a whole
and will generally serve to implement policies adopted in the City’s comprehensive plan, as the
development contemplated in the TIF Plan has gone through extensive planning and zoning
approvals and a Planned Unit Development for the development has been approved .
(e) The TIF Plan will afford maximum opportunity, consistent with the sound needs
of the City as a whole, for the development of the TIF District and the Project by private
enterprise because it will provide an impetus for residential development, which is desirable or
necessary for increased population and an increased need for life-cycle housing within the City,
result in additional availability of affordable housing units, eliminate and prevent, blight and
blighting factors within the Project and City, and help develop an underutilized site in the City.
(f) The TIF District is a housing district under Section 469.174, subdivision 11 of the
TIF Act.
(g) Background information and facts supporting all the above findings are set forth
in the TIF Plan, including but not limited to Appendix C, and the TIF Plan and all findings set
forth therein are incorporated herein by reference. In reaching its conclusions regarding the TIF
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Resolution No. 22-046 3
Plan, the City Council has also relied upon reports and recommendations of its staff and
consultants, information submitted by the developer of the proposed development within the
TIF District, as well as the knowledge of members of the City Council gained in hearings upon
and during consideration of other matters relating to the proposed development.
(h) The City Council elects to calculate the fiscal disparities for the TIF District in
accordance with Section 469.177, subdivision 3(b) of the TIF Act, which means that the fiscal
disparities contribution will be taken from inside the TIF District.
Section 2. Public purpose. The adoption of the TIF Plan conforms in all respects to
the requirements of the Act. The TIF Plan will help facilitate development that will create
diverse housing opportunities and increase the number and availability of affordable housing
units in the City, eliminate blighting factors and underutilized land in the City, and improve the
tax base. The City expressly finds that the tax increment assistance is provided solely to make
the development financially feasible and thus produce the public bene fits described.
Therefore, the City finds that the public benefits of the TIF Plan exceed any private benefits.
Section 3. Approvals; further proceedings.
(a) The TIF Plan for the TIF District and the Program Modification are hereby
approved and adopted in substantially the form on file at City Hall.
(b) The City Council authorizes and directs the Authority to file a request for
certification of the TIF District with the County Auditor and to file a copy of TIF Plan with the
Minnesota Commissioner of Revenue and the Office of the State Auditor as required by the TIF Act.
(c) The County Auditor is requested to certify the original net tax capacity of the TIF
District, as described in the TIF Plan.
(d) City staff, advisors, and legal counsel are authorized and directed to proceed
with the implementation of the TIF Plan and the Program Modification and to negotiate, draft,
prepare, and present to the City Council for its consideration all further plans, resolutions,
documents, and contracts necessary for this purpose.
Reviewed for administration: Adopted by the City Council March 21, 2022
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
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