III.3. Elimination of Parcels from Tax Increment Financing District No. 2-11
CITY OF HOPKINS
HRA Report 2024-07
To: Honorable Chair and HRA Members
Mike Mornson, Executive Director
From: Kersten Elverum, Director of Planning & Development
Date: December 2, 2024
Subject: TIF District No. 2-11
_____________________________________________________________________
RECOMMENDED ACTION
MOTION TO approve Resolution 555 approving the elimination of parcels from Tax
Increment Financing District No. 2-11 within Redevelopment Project No. 1 of the City of
Hopkins.
OVERVIEW
City staff have been in conversations with Cargill representatives regarding property
they own adjacent to Excelsior Crossings at 100 Jackson Avenue North. They are
interested in selling the property for development but in researching the history it was
found that the property is divided between two lots, one which is in the 2-11 TIF District,
and one parcel that was outside. When tax parcels are in different taxing authorities
(boundaries such as city boundaries, school districts, or in this case, a tax increment
financing (TIF) district, the parcels can’t be combined. However, lot combination is
necessary for the desired development to move forward.
As vacant land that was not developed, the parcel that is within the District is not
significantly contributing to the District and the other parcel cannot be added at this
point, so to combine the lots for development to occur, the parcels must be officially
removed from the District. Once certified, the lot combination can be accomplished as
an administrative action by the City Planner. Following that, the owner can submit for
land use approvals for development on the entire site.
SUPPORTING INFORMATION
• Resolution 555
Planning & Economic
Development
HOPKINS HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 555
RESOLUTION APPROVING THE ELIMINATION OF PARCELS FROM TAX
INCREMENT FINANCING DISTRICT NO. 2-11 WITHIN REDEVELOPMENT
PROJECT NO. 1 OF THE CITY OF HOPKINS.
WHEREAS, on October 6, 1998, the City of Hopkins (the "City") created its Tax
Increment Financing District No. 2-11 (the "TIF District") within its Redevelopment
Project No. 1 (the "Project") by approval of a tax increment financing plan (the "TIF
Plan) for the TIF District; ; and
WHEREAS, the following properties, by property identification numbers as described in
Exhibit A, were included in the TIF District; and
WHEREAS, the City desires by this resolution to amend the TIF Plan to remove the
above-described parcels from the TIF District, thereby reducing the size thereof; and
WHEREAS, the total current net tax capacity of the parcels to be eliminated from the
TIF District equals or exceeds the net tax capacity and, therefore this amendment to the
TIF Plan is accomplished pursuant to Minnesota Statutes, Section 469.175, Subdivision
4, clause (e)(2)(A).
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Hopkins that
the TIF Plan for the TIF District is hereby amended to remove the described parcels and
the HRA Executive Director is authorized and directed to notify the County Auditor
thereof pursuant to Minnesota Statutes, Section 469.175, Subdivision 4, clause (e).
Adopted by the City Council of the City of Hopkins this 2nd day of December, 2024.
By:___________________________
Patrick Hanlon, Mayor
ATTEST:
_______________________________
Amy Domeier, City Clerk