HomeMy WebLinkAbout18-067 - ADMIN Resolution - City Council - 2018/05/07RESOLUTION NO. 18-067
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
PROPOSED ADOPTION OF A MODIFICATION TO THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1,
THE PROPOSED ESTABLISHMENT OF THE BRIDGEWATER BANK
TAX INCREMENT FINANCING DISTRICT THEREIN, AND THE
ADOPTION OF A 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 July 2, 2018, at approximately 7:30
P.M., to hold a public hearing on the proposed adoption of a Modification to the Redevelopment
Plan for Redevelopment Project No. 1, the proposed establishment of the Bridgewater Bank Tax
Increment Financing District, and the proposed adoption of a Tax Increment Financing Plan
therefor, all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 to 469.1081
and Sections 469.174 to 469.1794, inclusive, as amended, 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 Plans. City staff is authorized and directed
to work with Ehlers & Associates to prepare a Modification to the Redevelopment Plan for
Redevelopment Project No. 1 and a Tax Increment Financing Plan for the Bridgewater Bank Tax
Increment Financing District (collectively, the "Plans") and to forward the Plans to the appropriate
taxing jurisdictions including Hennepin County and Independent School District No. 283. The
Economic Development Coordinator is authorized and directed to cause notice of the hearing to
be published at least once in the official newspaper of the City not later than 10, nor more than 30,
days prior to July 2, 2018, to place a copy of the Plans on file in the Economic Development
Coordinator's office at City Hall, and to make such copy available for inspection by the public.
for Administration: Adopted by the City Council May 7, 2018
City Manager
Attest: v
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Melissa e edy, Cler