HomeMy WebLinkAbout9C - Downtown TIF District
MEETING DATE:
AGENDA #:
PREP ARED BY:
AGENDA ITEM:
DISCUSSION:
ALTERNATIVES:
CITY COUNCIL AGENDA REPORT
APRIL 16,2001
9C
DONALD RYE, PLANNING DIRECTOR
CONSIDER APPROVAL OF A RESOLUTION CALLING FOR
A PUBLIC HEARING TO CONSIDER MODIFICATION OF
THE DEVELOPMENT PROGRAM FOR DEVELOPMENT
DISTRICT 1 AND THE ESTABLISHMENT OF A TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT
DISTRICT 1-3 (Lakefront Plaza)
History On February 20, the City Council adopted a conceptual
agreement with Randy Simpson and Ken Beske for the development of
a mixed-use project in the Downtown area known as Lakefront Plaza.
Among other things, the agreement called for the Developers to submit
an application for Tax Increment Financing and pay the fee of
$12,000. The City would then prepare a Tax Increment Financing Plan
with the assistance of Ehlers and Associates.
Current Circumstances The Developers have submitted the application
and fee for Tax Increment Financing. At this time, the next step in the
process is to approve the attached resolution setting the date for a
public hearing on the Tax Increment Financing Plan. The resolution
also directs the staff and Ehlers Associates to prepare the Tax
Increment Financing Plan according to the attached schedule.
Issues The primary issue is whether the Council desires to take the
next step in this process. By adopting this resolution, the Council still
has the option to discontinue the process if it is determined the Project
does not meet the City policy and statutory requirements for a TIF
proj ect.
The Council has three alternatives.
1. Adopt the attached resolution
2. Deny the attached resolution
3. Continue this item for specific reasons
162~B9gt'Ef~t~WJAve. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
r"" - .
T
. ,
II
RECOMMENDED
MOTION:
REVIEWED BY:
L: 0 J edalcc04 J 60 19f
Alternative 1
2
CITY OF PRIOR LAKE, MINNESOTA
Lj!j
RESOLUTIONNO~Ol-:4:. j[ /f1b
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL! J
ON THE PROPOSED ADOPTION OF THE MODIFICATION TO THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND
THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING
DISTRICT NO. 1-3 THEREIN AND THE ADOPTION OF THE TAX
INCREMENT FINANCING PLAN THEREFOR.
BE IT RESOLVED by the City Council (the "Council") for the City of Prior Lake, Minnesota (the
"City"), as follows:
Section 1. Public Hearing. This Council shall meet on June 4,2001, at approximately 7:30 P.M.,
to hold a public hearing on the proposed adoption of the modification to the Development Program for
Development District No.1, the proposed establishment of Tax Increment Financing District No. 1-3 (a
redevelopment district), and the proposed adoption of the Tax Increment Financing Plan therefor, all
pursuant to and in accordance with Minnesota Statutes, Sections 469.174 through 469.179, 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 the Program and Plan. City staff is authorized and
directed to work with Ehlers and Associates, Inc., to prepare the modification to the Development
Program for Development District No. I and the Tax Increment Financing Plan for Tax Increment
Financing District No. 1-3 and to forward documents to the appropriate taxing jurisdictions including
Scott County and Independent School District No. 719. The City Clerk is authorized and directed to
cause notice of the hearing, together with an appropriate map as required by law, to be published at least
once in the official newspaper of the City not later than 10, nor more than 30, days prior to June 4, 2001,
and to place a copy of the Program and Plan on file in the City Clerk's office at City Hall and to make
such copy available for inspection by the public.
Passed and adopted this 16th day of April, 2001.
YES NO
MADER \ MADER
ERICSON \ ERICSON
GUNDLACH \ GUNDLACH
PETERSEN \ PETERSEN
ZIESKA \ ZIESKA
16200\~~M~~~~~I1pfl&t~~~iJt~gUS~3;~Hl!.qf / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Ilf T
'Y
r I
;
c
;t
III
III ~
I:l Z
CJl
III :-'
tl I:l
I:l ~
~ I!l OUTLOT ..
I!l ;;
;; . ......
c.n
;; ~ ~
~ ;; ;;
;; " ~ ~
r-
~ :
)>
~ Z ~
....
;) )> ;:;
:<
"" =
=
l5
8l
;:0
r
~
E
I1Wy
73
is
s:
s:::
::J
_0
n
_0
"'C
Q)
-
~Q
<:~
m.a
.g-o
~ ~o
3.r
00)
Vi" @
r-+-
~
_0
~
Z
o
...Ji,.
.
I II
.
II