1995-022
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RESOLUTION NO. 95-22
CITY OF HOPKINS
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION MODIFYING THE REDEVELOPMENT PLAN FOR REDEVELOPMENT
PROJECT NO.1, ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 1-2,
MODIFYING TAX INCREMENT FINANCING DISTRICT NO.1-I, AND MODIFYING
TAX INCREMENT FINANCING DISTRICT NO.2-I, AND APPROVING AND
ADOPTING THE TAX INCREMENT FINANCING PLANS RELATED THERETO,
LOCATED WITHIN REDEVELOPMENT PROJECT NO.1.
BE IT RESOLVED by the City Council (the "Council") of the City of Hopkins, Minnesota (the "Citytt),
as follows:
Section 1.
Recitals.
1.01. It has been proposed that the City modify the Redevelopment Plan for Redevelopment Project No.
1, establish Tax Increment Financing District No. 1-2, modify Tax Increment Financing District No.1-I, and
modify Tax Increment Financing District No.2-I, and and approve and adopt the Tax Increment Financing Plans
relating thereto, located within Redevelopment Project No.1, all pursuant to and in accordance with Minnesota
Statutes, Sections 469.001 through 469.047, inclusive; and Minnesota Statutes, Sections 469.174 through 469.179,
inclusive; and
1.02. The Council has investigated the facts and has caused to be prepared a Modified Redevelopment
Plan for Redevelopment Project No.1, the proposed Tax Increment Financing Plan for Tax Increment Financing
District No. 1-2, a modified Tax Increment Financing Plan for Tax Increment Financing District No.1-I, and a
modified Tax Increment Financing Plan for Tax Increment Financing District No. 2-1 (the "Plans").
1.03. The City has performed all actions required by law to be performed prior to the modification of
Redevelopment Project No.1, the establishment of Tax Increment Financing District No. 1-2, the modification of
Tax Increment Financing District No.1-I, and the modification of Tax Increment Financing District No.2-I, and
the adoption of the Plans relating thereto, including, but not limited to, notification of Hennepin County and School
Districts No. 270 having taxing jurisdiction over the property to be included in Tax Increment Financing District
No. 1-2, Tax Increment Financing District No.1-I, and Tax Increment Financing District No.2-I, a review by the
City Planning Commission of the proposed Plans and the holding of a public hearing upon published notice as
required by law.
Section 2.
Findings for the Modification of the Redevelopment Plan for Redevelopment Project No.
1. the Establishment of Tax Increment Financinf?: District No. 1-2. the Modification of Tax
Increment Financing District No.1-I. and the Modification of Tax Increment Financing
District No. 2-1. and the Approval of the Tax Increment Financing Plans relating thereto.
2.01. The Council hereby finds that Tax Increment Financing District No. 1-2 is a redevelopment district.
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2.02. The Council hereby finds that the modification of the Redevelopment Plan for Redevelopment
Project No.1, the establishment of Tax Increment Financing District No. 1-2, the modification of Tax Increment
Financing District No.1-I, and the modification of Tax Increment Financing District 2-1, and the approval of the
Tax Increment Financing Plans relating thereto, are intended and, in the judgement of this Council, the effect of such
actions will be, to provide an impetus for redevelopment in the public purposes and accomplish certain objectives
as specified in the Plans.
2.03. The Council further finds that the proposed development, in the opinion of the Council, would not
occur solely through private investment within the reasonably foreseeable future and, therefore, the use of tax
increment financing is deemed necessary; that the Plans conform to the general plan for the development or
redevelopment of the City as a whole; and that the Plans will afford maximum opportunity consistent with the sound
needs of the City as a whole, for the development of Tax Increment Financing District No. 1-2 by private enterprise.
2.04. The Council further finds, declares and determines that the City has made the above findings stated
in Section 2 and has set forth the reasons and supporting facts for each determination in writing, attached hereto as
Attachment A.
Section 3.
Approval of the Plans.
3.01. The modifications to the Redevelopment Plan for Redevelopment Project No.1, the establishment
of the Tax Increment Financing Plan for Tax Increment Financing District No. 1-2, the modification of the Tax
Increment Financing Plan for Tax Increment Financing District No. 1-1, and the modification of the Tax Increment
Financing Plan for Tax Increment Financing District No. 2-1, are hereby approved and adopted, and shall be placed
on file in the office of the City Manager.
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3.02. The staff of the City, the City's advisors and legal counsel are authorized and directed to proceed
with the implementation of the Plans and for this purposed to negotiate, draft, prepare and present to this Council
for its consideration all further plans, resolutions, documents and contracts necessary for this purpose.
The motion for the adoption of the foregoing resolution was duly seconded by Councilmember
Maxwell , and upon a vote being taken thereon, the following voted in favor thereof:
Councilmember Anderson, Gouncilmember Hesch, Councilmember Ktitzler, Councilmember
Maxwell, Mayor Redepenning.
and the following voted against the same:
None.
Dat~pril ~, 1995
May~~ ~~~~
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(Seal)
STATE t1F MlNNESGrA J
COUNTY OF tENNEPIN ..
CITY OF HOPKINS !I
I, THE UNDERSIGNE0.J4.,...r.) A. (;.If e I.c:a.. aP THE
CITY OF HOPKINS, HENNEPIN COUN1'V. "~~~:r
OF THE SEAL AND RECORDS OF SAID cnv. DO ~..n I""
THE ABOVE OR FOREGOING IS A TRue AND C~c:t TRANSCRIPf
AND COPY OF THE WHOLE ORIGINAL RECORD ,~
AND ON FILE IN THE OFFI OF SAID crrv CLERK.
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ATTACHMENT A
RESOLUTION #95-22
The reasons and facts supporting the findings for the adoption of the Tax Increment Financing Plans for
Tax Increment Financing Districts Nos. 1..2, 1-1, and 2-1 as required pursuant to Minnesota Statutes, Section
469.175, Subdivision 3 are as follows:
1. Finding that Tax Increment Financing District No. 1-2 is a redevelopment district as defined in Minnesota
Statutes. Section 469.175, Subd. 10.
District No. 1-2 consists of 9 parcels of land and adjacent and internal rights-of-way The District qualifies as a
redevelopment district as defined in Minnesota Statutes, section 469.174, subd. 10. The Authority has demolished
the substandard buildings located on the parcels included within the District. However, prior to demolishing the
buildings and improvements, the Authority found by resolution that the parcels were occupied by a structurally
substandard building and that it intended to include the parcels in a tax increment district. The Authority elects to
treat the property in the District as being occupied by the demolished structurally substandard building as permitted
by section 469.174, subd. 10. The facts on which the Authority based its finding is found in Exhibit C in the Tax
Increment Financing Plan for Tax Increment Financing District No. 1-2.
Tax Increment Financing District No. 1-1 and Tax Increment Financing District No. 2-1 are existing tax increment
financing districts. The proposed modifications to Tax Increment Financing Districts Nos. 1-1 and 2-1 involve
changes in the project budgets and clarification of project activities. The proposed modifications. do not change the
qualification under the Tax Increment Financing Act, Minnesota Statutes, Sections 469.174 through 469.179.
2. Finding that the proposed development, in the opinion of the Council, would not occur solely through
private investment within the reasonably foreseeable future and, therefore, the use of tax increment financing is
deemed necessary.
Due to the high cost of redevelopment on parcels currently occupied by substandard buildings and the cost of
financing the proposed improvements, the projects contemplated in the Plans are feasible only through assistance,
in part, from tax increment financing. This analysis is based on city and staff analysis of property within the
districts..
3. Finding that the Tax Increment Financing Plans confonn to the general plan for the development or
redevelopment of the municipality as a whole.
The site is appropriately zoned. The Tax Increment Financing Plans for Tax Increment Financing District No. 1-2,
Tax Increment Financing District No. 1-1 and Tax Increment Financing District No. 2-1 have been reviewed by the
Planning Commission and been found to conform to the general development plan of the City.
4. Finding that the Tax Increment Financing Plans will afford maximum opportunity, consistent with the sound
needs of the City as a whole, for the development of Redevelopment Project No.1 by private enterprise.
The establishment of Tax Increment Financing District No. 1-2 and the modifications of Tax Increment Financing
Districts Nos. 1-1 and 2-1 will result in the facilitation of development and redevelopment in the City.
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