1988-069
, J "
CITY OF HOPKINS
H nn pin County, Minnesota
RESOLUTION NO: 88-69
RESOLUTION ADOPTING MODIFICATION #5 TO THE
CBD REDEVELOPMENT DISTRICT (NORTH SECTOR PROJECT)
BE IT RESOLVED, by the City Council of the City of Hopkins,
Minnesota:
section 1. Recitals
1. 01 It has been proposed that the City adopt a Plan
Modification #5 Program for CBD Redevelopment Tax Increment
District (North Sector project) pursuant to and in accordance
with Minnesota Statutes, sections 469.124 through 469.134 and
Minnesota Statutes, sections 469.174 through 469.179.
1.02 The Council has investigated the facts and has caused
to be prepared a modified Development Program for Redevelopment
District No.5, describing the actions to be undertaken by the
City to aid the development of property within Redevelopment
District NO.5, and has caused to be prepared a Tax Increment
Financing Plan describing the specific acts to be taken to assist
development within Tax Increment Financing District No.5.
1.03. The City has performed all actions required by law to
be performed prior to the modification of the CBD Redevelopment
District and the adoption of a modified Development Plan relating
thereto, including, but not limited to, a review by the planning
staff or consultant of the modified Development Plan for the caD
Redevelopment District; and hold a public hearing regarding the
Program and the Plan upon such notice as is required by law.
1.04. The modified Development Plan is contained in a
document entitled "Modification #5 of the Plan for the original
Hopkins CBD Redevelopment Tax Increment District (North Sector
Project) dated June 22, 1988, and on file in the office of the
City Clerk.
section 2. Findinqs Related to Modification #5.
.
2.01. The Council hereby finds that the Modification #5 of
the CBD Redevelopment District (North Sector Project) is
intended, and in the judgment of the Council, will promote
certain public purposes and accomplish certain objectives as
specified in the Development Program.
'\ .,
2.02 The City has previously adopted a Plan for the caD
Redevelopment District (North Sector Project). Except to the
xtent the modified Program adopted h rewith explicitly or by
reasonably nec ssary implication amends the previous Program,
such Program continues to be an expression of the intent of the
city.
section 3. Findinqs Related to Modification #5 to the caD
RedeveloDment District (North Sector Proiectl.
3.01 It is the opinion of the Council that the project
within Modification #5 to the CBD Redevelopment District (North
Sector Project) would not reasonably be expected to occur solely
through private investment within the reasonably foreseeable
future.
3.02. The Council finds that the Tax Increment Plan for the
caD Redevelopment District (North Sector Project) conforms to the
general plan for development of the City, based upon the
recommendations of the planning staff or consultant, because it
calls for removals of a blighting structure needed to promote
development in the area.
3.03 The Council finds that Modification #5 CaD
Redevelopment District (North Sector Project) will afford maximum
opportunity, consistent with the sound needs of the City as a
whole, for development of the District by private enterprise by
removing blighting conditions.
3.04 The Council further finds that Modification #5 of the
caD Redevelopment District (North Sector Project) is intended
and, in the judgment of the Council, its effect will be to
promote the public purposes and accomplish the objectives
specified in the original CBD Tax Increment Plan.
Section 4. ADDroval of the Modified DeveloDment Plan.
4.01 Modification #5 to the caD Redevelopment District
(North Sector Project) is hereby approved and adopted.
The motion for the adoption of the foregoing resolution was
duly seconded by Councilmember , and upon
vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
.
Adopted August 2, 1988.
Donald J. Milbert, Mayor
~
Genellie, City Clerk