HomeMy WebLinkAbout04-147
16200 Eagle Creek Avenue S.E.
Prior Lake. MN 55372-1714
RESOLUTION 04.147
A RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL
ON THE PROPOSED MODIFICATION OF THE DEVELOPMENT PROGRAM
FOR THE DEVELOPMENT DISTRICT NO.3 AND THE PROPOSED
MODIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 3-1 THEREIN
AND THE ADOPTION OF THE TAX INCREMENT FINANCING PLAN THEREFORE.
(CREEKSIDE ESTATES)
Motion By: PETERSEN
Second By: BLOMBERG
WHEREAS, the Creekside Commons Senior Rental Project consists of a 54..unit 3..story building
offering 42 market rate rental units and 1210w..to-moderate income units ("Project"); and
WHEREAS, the City Council of the City of Prior lake established Development District No. 3 and
adopted the Development Program and approved tax increment funding therefore by
Resolution 01..138 dated December 17, 2001: and
WHEREAS, the owners of the Project have made an application to restructure ownership of the Project
and amend the tax increment financing plan therefore; and
WHEREAS, in order to consider an amendment to the tax increment funding plan, the City must
conduct a public hearing on the proposed modification.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that:
1. The recitals set forth above are incorporated herein.
2. A public hearing to consider a proposed modification of the Development Program for Development
District No.3, and the proposed modification to the tax increment financing plan for TIF District No.
3..1 (a housing district) therefore, all pursuant to and in accordance with Minnesota Statutes,
Section 469.174 through 469.1799, inclusive, as amended, in an effort to encourage the
development and redevelopment of certain designated areas within the City, shall be conducted on
December 6,2004 at 7pm at Prior lake Fire Station No.1 (16776 Fish Point Road SE, Prior Lake,
MN).
3. City staff is authorized and directed to work with Ehlers & Associates, Inc. to prepare the
modifications and to forward documents to the appropriate taxing jurisdictions including Scot!
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
December 6, 2004, and to place a copy of the modifications 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 4TH DAY OF OCTOBER, 2004.
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
YES
NO
Haugen X Haugen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
R:\RESOLUTI\ADMINRES\2004\Creekside TIF Amend.DOC
City Ma::' rJ;I;;r Lake