042897 EDA Official File Copy
CITY OF NEW HOPE
EDA AGENDA
EDA Regular Meeting #4 April 28, 1997
Agenda #4
President W. Peter Enck
Commissioner Sharon Cassen
Commissioner Don Collier
Commissioner Pat La Vine Norby
Commissioner Gerald Otten
1. Call to Order
2. Roll Call
3. Approval of Minutes of March 10, 1997
4. Resolution Approving 1997-2 Amendment to Master Modification to
Redevelopment Plans and Tax Increment Financing Plans and Requesting
the Approval of the City Council
5. Adjournment
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
HENNEPIN COUNTY, MINNESOTA 55428
Approved EDA Minutes March 10, 1997
Meeting #3
CALL TO ORDER President W. Peter Enck called the meeting of the Economic Development
Authority to order at 10:16 p.m.
ROLL CALL Present: Enck, Cassen, Collier, Norby, Otten
Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald
APPROVE MINUTES Motion was made by Commissioner Collier, seconded by Commissioner
Norby, to approve the EDA minutes of February 24, 1997. All Ipresent
voted in favor. Motion carried.
IMP. PROJECT 510 President Enck introduced for discussion Item 4, Resolution Approving
Item 4 Extension of Repayment Term of Rehab Loans to New Hope Apartments
(Improvement Project No. 510).
President Enck noted that the extension is requested due to the extended
time period of the project.
EDA Commissioner Collier introduced the following resolution and moved its
RESOLUTION 97-04 adoption: "RESOLUTION APPROVING EXTENSION OF REPAYMENT
Item 4 TERM OF REHAB LOANS TO NEW HOPE APARTMENTS (IMPROVEMENT
PROJECT NO. 510)% The motion for adoption of the foregoing resolution
was seconded by Commissioner Cassen, and upon vote being taken
thereon the following voted in favor thereof: Enck, Cassen, Collier,
Norby, Otten; and the following voted against the same: None;
Abstained: None; Absent: None; whereupon the resolution was declared
duly passed and adopted, signed by the president which was attested to
by the executive director.
ADJOURNMENT Motion was made by Commissioner Collier, seconded by Commissioner
Cassen, to adjourn the meeting. All present voted in favor. The New
Hope EDA adjourned at 10:18 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA March 10, 1997
Page 1
.- EDA I
REQIJEST FOR ACTION
originating Department Approved for Agenda ED~genda Section
City Manager
4-28-97
Kirk McDonald Item No.
E~y: Management Assistant ]~Y: 4
RESOLUTION APPROVING 1997-t AMENDMENT TO MASTER MODIFICATION TO
REDEVELOPMENT PLANS AND TAX INCREMENT FINANCING PLANS AND REQUESTING
THE APPROVAL OF THE CITY COUNCIL
The attached resolution states that the New Hope Economic Development Authority approves
the "Master Modification" to the Redevelopment and Tax Increment Financing Plans and
requests the approval of the City Council. This resolution should be adopted prior to the
City Council public hearing and prior to the adoption of the Council resolution. The
resolution states that the modification serves the original goals and purposes of the City and
HRA by redeveloping property in the City in order to prevent or reduce blight, blighting factors
and the causes of blight by providing public facilities which will be of benefit to all residents of
the City. The "1997-2 Amendment" authorizes the expenditure of tax increment revenues
derived from the Tax Increment Districts to pay costs of a senior adult day care and senior
resource center on property owned by the EDA and located at 5425 and 5501 Boone Avenue
North in the City. This property is located in the area subject to the Redevelopment Plans.
Staff recommends approval of the resolution.
Review: Administration: Finance:
RFA-O01 ~
DORSEY & WHITNEY LLP
MINNEAPOLIS PILLSBUR.Y CENTER. SOUTH NEW YORK
WASHINGTON, D.C. 220 SOUTH SIXTH STR.EET DENVER
LONDON MINNEAPOLIS, MINNESOTA 55402-1498 SEATTL£
I~I~-USSELS TELEPHONE: (612) 340-2600
~ONG KONG FAX: (612) 340-2868 ~A~90
DES MOIN£S BILLINGS
ROCHUSTEI~ MISSOULA
1612) :340-2062
April 22, 1997
Mr. Kirk McDonald
City of New Hope
4401 Xylon Avenue North
New Hope, MN 55428-4898
Re: 1997-2 Amendment to TIF Plans -
Senior Adult Day Care Center
Dear Kirk:
Enclosed for consideration at their meetings on April 28th are forms of
resolutions of the EDA and City Council approving the amendments to the
Redevelopment Plans and TIF Plans related to the proposed Senior Center on
Boone Avenue. Also enclosed is the form of amendment to the Redevelopment
Plans and TIF Plans.
Should you have any questions, please call me.
Yc~rs truly, ~--
Jerome P. Gilligan,
lPG:cmn
Enclosures
cc: Steve Sondrall
CERTIFICATE
NEW HOPE ECONOMIC DEVELOPMENT AUTHORITY
I, the undersigned being the duly qualified Executive Director of the
New Hope Economic Development Authority, hereby attest and certify that:
1. As such officer, I am the recording officer of the New Hope
Economic Development Authority and have the legal custody of the original record
from which the attached resolution was transcribed.
2. I have carefully compared the attached resolution with the original
record of the meeting at which the resolution was acted upon.
3. I find the attached resolution to be a true, correct and complete copy
of the original:
EDA RESOLUTION NO. 97-
Resolution Approving 1997-2 Amendment to Master
Modification to Redevelopment Plans and Tax Increment
Financing Plans and Requesting the Approval of the City
Council
4. I further certify that the affirmative vote on said resolution was ~
ayes, ~ nayes, and absent/abstention.
5. Said meeting was duly held, pursuant to call and notice thereof, as
required by law, and a quorum was present.
WITNESS my hand officially as such Executive Director this ~ day
of . ,1997.
Daniel J. Donahue,
Executive Director
Commissioner introduced the following
resolution and moved its adoption:
EDA RESOLUTION NO. 97-
RESOLUTION APPROVING 1997-2 AMENDMENT TO
MASTER MODIFICATION TO REDEVELOPMENT
PLANS AND TAX INCREMENT FINANCING PLANS
AND REQUESTING THE APPROVAL OF THE CITY
COUNCIL
BE IT RESOLVED, by the New Hope Economic Development
Authority (the "EDA'), as follows:
1. Proposed Amendment. The Housing and Redevelopment
Authority in and for the City of New Hope, Minnesota (the "I-IRA") has approved
six redevelopment plans, as defined in Minnesota Statutes, Section 469.002,
subdivision 16, designated as Redevelopment Plan 80-2, Redevelopment Plan 81-1,
Redevelopment Plan 82-1, Redevelopment Plan 85-1, Redevelopment Plan 85-2 and
Redevelopment Plan 86-1 (the "Redevelopment Plans"), and redevelopment
projects to be undertaken pursuant thereto, as defined in Minnesota Statutes,
Section 469.002, subdivision 14 (the "Redevelopment Projects"), and that in order to
finance the public redevelopment costs to be incurred by the HRA in connection
with the Redevelopment Plans and the Redevelopment Projects, the I-IRA has
approved tax increment financing plans, pursuant to the provisions of Minnesota
Statutes, Section 469.175 (the "Financing Plans"), which establish tax increment
financing districts, as defined in Minnesota Statutes, Section 469.174, subdivision 9,
which are designated by Hennepin County as Tax Increment Financing Districts
Nos. 1601, 1602, 1603, 1604, 1605, 1606, 1607 and 1608 (the "Districts"). Pursuant to
Minnesota Statutes, Section 469.094, subdivision 2, the City has transferred control
of the Redevelopment Plans, the Redevelopment Projects, the Financing Plans and
the Districts from the I-IRA to the EDA. On July 25, 1994, the EDA approved an
amendment to the Redevelopment Plans, the Redevelopment Projects and the
Financing Plans which is entitled "Master Modification to the Redevelopment plans
and the Tax Increment Financing Plans" (the "1994 Master Modification") to
combine the areas subject to the Redevelopment Plans and to expand the area
subject to the Redevelopment Plans and to authorize the expenditure of tax
increment revenue derived from the Districts to pay public redevelopment costs in
the additional area made subject to the Redevelopment Plans by the 1994 Master
Modification and other public improvement costs. On October 9, 1995, the EDA and
City approved additional amendments to the Redevelopment Plans, the
Redevelopment Projects and the Financing Plans entitled "1995 Amendment to
Master Modification to Redevelopment Plans and Tax Increment Financing Plans"
("1995 Amendments to Mater Modification"). On February 24, 1997, the EDA and
City approved additional amendments to the Redevelopment Plan, the
Redevelopment Projects and Financing Plans entitled "1997 Amendment to Master
Modification to Redevelopment Plans and Tax Increment Financing Plans" (the
"1997-1 Amendments to Master Modification"). Both the 1995 Amendments to
Master Modification and the 1997-1 Amendments to Master Modification included
additional property in the area subject to the Redevelopment Plans and authorized
additional expenditures of tax increment revenue derived from the Districts. The
1994 Master Modification, the 1995 Amendments to Master Modification and the
1997-1 Amendments to Master Modification are herein together referred to as the
"Master Modification". It is now been proposed that the EDA approve an additional
amendment to the Redevelopment Plans and the Financing Plans which is entitled
"1997-2 Amendment to Master Modification to Redevelopment Plans and Tax
Increment Financing Plans" (the "1997-2 Amendment") to authorize the
expenditure of tax increment revenue derived from the Districts to pay costs of a
seniOr adult day care and senior resource center on property owned by the EDA and
located at 5425 and 5501 Boone Avenue North in the City. Such property is located
in the area subject to the Redevelopment Plans.
2. Approval of 1997-2 Amendment. The 1997-2 Amendment has
been presented to this Board and is ordered placed on file in the office of the
Executive Director of the EDA, and the 1997-2 Amendment is hereby approved.
The 1997-2 Amendment further serves the original goals and purposes of the City
and I-IRA in approving the Redevelopment Plans, the Redevelopment Projects and
the Financing Plans, by redeveloping property in the City in order to prevent or
reduce blight, blighting factors and the causes of blight and by providing facilities
available for use by the public which will be of benefit to all residents of the City,
including those residing in the area subject to the Redevelopment Plans.
3. Presentation to City Council. The 1997-2 Amendment hereby
approved shall be presented to the City Council for a public hearing thereon
pursuant to Minnesota Statutes, Section 469.029, subdivision 6 and Section 469.175,
subdivision 4.
Dated the 28th day of April, 1997.
President
Attest:
Executive Director
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