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CR 95-203 Call Public Hearing On CreationNovember 14, 1995 Proposed Action Overview Supporting Documents o Public Hearing Notice o Schedule for Approval of TIF District 2 -8 Paul T. Steinman 4111 Community Development Specialist CALL PUBLIC HEARING ON CREATION OF TIF DISTRICT 2 - 8 Staff recommends adoption of the following motion: Move to approve scheduling a public hearing for Tuesday, January 16, 1996, at approximately 7:30 p.m. in the Council Chambers at Hopkins City Hall. With approval of this action, staff will publish the hearing notice in the Sun Sailor. A number of months ago, staff was approached by Doug Karon, president of Diamond Laboratories, regarding the possible redevelopment of the M. B. Hagen Little League field. His current proposal, due to soils conditions on the site, necessitates the use of tax increment financing to facilitate such redevelopment. Previously, the HRA approved Diamond Laboratories' preliminary tax increment application, and on November 21, 1995, staff is recommending approval of Diamond Laboratories' Final Tax Increment Application, and for the HRA to ask the City Council to schedule a public hearing regarding creation of TIF District 2 -8. The recommended action to schedule a public hearing in no way obligates the City Council to certify the tax increment district. The action simply schedules a public hearing for a specific date, at which time certification of TIF District 2 -8 will be further discussed and public comments heard. Council Report 95 -203 • • NOTICE OF PUBLIC HEARING CITY OF HOPKINS COUNTY OF HENNEPIN STATE OF MINNESOTA NOTICE IS HEREBY GIVEN that the City Council (the "Council ") of the City of Hopkins, County of Hennepin, State of Minnesota, will hold a public hearing on Tuesday, January 16, 1996, at approximately 7:30 p.m. in the City Council Chambers in Hopkins City Hall, 1010 First Street South, Hopkins, Minnesota, relating to the modification of Redevelopment Project No. 1 and the establishment of Tax Increment Financing District No. 2 -8 (a redevelopment district) and the approval and adoption of a modified Redevelopment Plan and a Tax Increment Financing Plan (collectively, the 'Plans ") relating thereto, pursuant to Minnesota Statutes, Sections 469.001 to 469.047, inclusive, and Minnesota Statutes, Sections 469.174 to 469.179, inclusive, as amended. A copy of the Plans is on file and available for public inspection at the office of Community Development at City Hall. Tax Increment Financing District No. 2 -8 encompasses all property and adjacent and interior roads and rights -of -way, as found on the attached map and indicated by the parcel identification number below: Subject to certain limitations, tax increment from Tax Increment Financing District No. 2 -8 may be spent on eligible uses within the boundaries of Redevelopment Project No. 1, as shown on the attached map. All interested persons may appear at the hearing and present their views orally or, prior to the meeting, in writing. Dated , 1995 PSI 1145A 25 117 22 24 0130 BY ORDER OF THE CITY COUNCIL OF THE CITY OF HOPKINS, MINNESOTA Clerk HOPKINS HOUSING AND REDEVELOPMENT AUTHORITY AND THE HOPKINS CJT`Y COUNCIL FOR THE MODIFICATION OF REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 2-8 (a redevelopment district) Schedule November 21, 1995 HRA requests the City Council to call for a public hearing. November 21, 1995 City Council calls for a public hearing to modify Redevelopment Project No. 1 and establish Tax Increment Financing District No. 2-8. November 28, 1995 Letter sent to County Commissioner (at least 30 days prior to publication of public bearing notice). November 28, 1995 Plans forwarded to School District(s) and County Board (at least 30 days prior to public hearing). November 29, 1995 Planning Commission finds Plans to be in compliance with the comprehensive plan. December 27, 1995 Send public hearing notice and map to local paper. January 3, 1996 Date of publication of hearing notice and map (at least 10 days but not more than 30 days prior to hearing). January 16, 1996 HRA approves the Plans. January 16, 1996 January 17, 1996 Ehlers/Publicorp certifies Plans to county and state. H iWPDATAIROPIUNATIMINCfEDULS. City Council holds public hearing on the modification of Redevelopment Project No. 1 and the establishment of Tax Increment District Financing District No. 2 -8 and passes resolutions approving the Plans.