HomeMy WebLinkAboutRes 22-22PC - Modified Development Program4646 Dakota Street SE
�1jNNESO'SA Prior Lake, MN 55372
RESOLUTION 22-22 PC
RESOLUTION FINDING A MODIFIED DEVELOPMENT PROGRAM FOR MUNICIPAL
DEVELOPMENT DISTRICT NO. 1 AND THE TAX INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 1-6 (PRIOR LAKE LOFTS) CONFORM TO THE CITY
PLANS FOR DEVELOPMENT OR REDEVELOPMENT OF THE CITY AS A WHOLE
Motion By: Tennison Second By: Ringstad
WHEREAS, the City of Prior Lake, Minnesota (the "City"), has prepared a modification to the
Development Program for Development District No. 1, as enlarged, (the
"Development Program Modification") and a Tax Increment Financing Plan (the "TIF
Plan") for Tax Increment Financing District No. 1-6 (Prior Lake Lofts) therein and has
submitted the Development Program Modification and the TIF Plan to the City
Planning Commission pursuant to Minnesota Statutes, Section 469.126 and Section
469.175, Subdivision 3, and
WHEREAS, the Planning Commission has reviewed said Development Program Modification and
TIF Plan to determine their conformity to the general plan for the development or
redevelopment of the City as a whole; and
WHEREAS, the Planning Commission is in agreement with the Development Program
Modification and TIF Plan.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE PLANNING COMMISSION OF PRIOR
LAKE, MINNESOTA that the proposed Development Program Modification and TIF Plan conform to
the general plan for the development or redevelopment of the City as a whole and the Planning
Commission recommends the Development Program Modification and TIF Plan to the City Council of
the City of Prior Lake for its approval.
PASSED AND ADOPTED THIS 24T" DAY OF OCTOBER 2022.
VOTE
Aye
Nay
Absent
Abstain
Tiernan Tschette Ringstad Johnson Tennison
❑ ❑ ❑ ❑ ❑ Jason the er, Commission Vice -Chair
❑ ❑ ❑ ❑ ❑ �/
Attest: .�--�
Casey McCabe,Community Development Director