06-874Counci� Fi�e # D6-87<{
Green Sheet # 3032449
RESOLUTION 3D
CITY OF,/SAINT PAUL, MINNESOTA
Presented By
Referred To
Committee: Date
RESOLUTION APPROVING THE
AMENDMENT OF TAX INCREMENT FINANCING PLAN
FOR CARLETON LOFTS TAX INCREMENT FINANCING DISTRICT
BE IT RESOLVED by the City Council of the City of Saint Paul, Minnesota (the "City")
as follows:
Secrion 1. Recitals
8 1 Al. The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota
9 (the "Authority") has heretofore, with the approval of the City Council of the City of Saint Paul,
10 Minnesota (the "City"), adopted a Redevelopment Plan (the "Redevelopment Plan") for the West
11 Midway-South St. Anthony Park Redevelopment Project (the "Redevelopment Project Area"),
12 pursuant to Minnesota Statutes, Sections 469.001 to 469.047, both inclusive; and
13 1 A2. The City and the Authority have heretofore approved and created by resolufions
14 of the City and Authority, (collectively, the "Prior Resolutions), within the Redevelopment
15 Project Area, the Carleton I,ofts Tax Increment Financing District (the "Tu� Increment DistricY')
16 and adopted a Tax Increment Financing Plan therefor (the "Taac Increment Plan"), all pursuant to
17 and in accordance with Minnesota Statutes, Section 469.174 through 469.1799 (the "Tax
18 Increment AcY').
19 1.03. The Authority has deYermined that it is necessary to amend the Tax Increment
20 Plan to correct the legal description and the parcel identificarion numbers of property located in
21 the Tas Increment District. The Authority has performed all acrions required by law to be
22 performed prior to the amendment of the Taac Increment Plan, including, but not limited to,
23 notificarion of Ramsey County and Independent School District Number 625, which have taxing
24 jurisdiction over the property included in the Ta�c Increment District, and has requested that the
25 City approve the Amendment of the Taz Increment Financing Plan following the holding of a
26 public hearing upon published and mailed notice as required by law.
27 1.04. On this date, the City Council conducted a public hearing on the adoption of the
28 Amendment of Tax Increment Financing Plan, after published notice thereof; and
29 1.05. At said public hearing the City Council heard testimony from all interested parties
30 on the Amendment of Ta�c Increment Financing Plan.
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Section 2. Findings for the Amendment of the Tas Increment Financin2 Plan.
2.01. The City Council hereby finds that the Amendment of TaY Increment Financing
Plan dated September 27, 2006 (the "Amendment of Taac Increment Financing Pian") is intended
and, in the judgnent of the City Council, its effect will be, to cazry out the objectives of the
Redevelopment Plan and to create an impetus for the redevelopment of blighted areas and wiil
otherwise promote certain public purposes and accomplish certain objecrives as specified in the
Redevelopment Plan and Taic Increment Financing Plan, as amended.
2.02. The City Council hereby reaffirms the findings heretofore made that the Cazelton
L,ofts Tax Increment Financing District qualifies as a"housing district" within the meaning of the
Tas Increment Act.
2.03. The City Council hereby reaffirms the findings made by the City Council in its
Prior Resolution.
2.04. The provisions of this Secrion 2 are hereby incorporated by reference into and
made a part of the Amendment of the Tax Increment Financing Plan.
45 Section 3. Annroval of Amendment of the Tax Increment Financine Plan.
46 3A1. The Amendment of Tas Increment Financing Plan for Carelton Lofts Tas
47 Increment Financing District dated September 27, 2006 is hereby approved.
48 3.02. The staff of the City, the staff of the Authority and the City's and Authority's
49 advisors and legal counsel are authorized and directed to proceed with the implementarion of the
50 Amendment of Ta�c Increment Financing Plan.
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Yeas Nays Absent
Benanav �
Bostrom �
Harris �
Helgen �
Lantry J
Montgomery �
Thune �
Adopted by Council: Date 9���
Adoption Certified by Council Secretary
By: ` v
Approved by � ate: —Z`f
a �. Zl1,C�-�-�.
Requested by Department of:
Plannin d Ec nomic Develo ment
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� Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet Green Sheet �
- 06-87�
PE — Planuing & Economic DevelopmenC
Contact Person & Phone:
Diane Nordquist
26G&640
Must Be on Coun5il Agenda by (Date):
26SEP-06 �(7 /{
'� Doc.Type: RESOLUiION
� E-Document Required: Y
'� DocumentCOntact:
G Phone:
Date lniGat
29AUG-06
�
Assign
Number
For
Routing
Ofder
Total # of SignaW re Pages �(Clip NI Locations for Signature)
� Green Sheet NO: 3032449
D2p2{U11ent SEAi�O�e50R Irtlhd�H12
0 lannin & o amic Develo A1 arlsan
1 �PI n' e& Eco ' Develo ' De rhne t D' eMO ��
2 'G5ri Attomev McCall
3 �I vo 's Offic Mavo /ASS sta i
4 Council Benanav
5 �Ciri C9erk � Citv Clerk
I Action Requested:
' Public Hearing and Adoption Of A Resolution Authosizing an amendment tn Tas Increment Financing District for Carteton Place Lofts,
I located on University Avenue betweex� Hampden Avenue and Carlton Street:
i
�, rtecommentlations: Hppm�e (H) or Ke�ea (K):
e
� Planning Commission
'
CIB Committee
i Qtil Service Commission
rersona� serv�ce convac[s mus[qnswerme rouowmg 6luesnons:
1. Has this persoNfirm eeer worked u�der a contract for this department?
Yes No
2. Has this persoNfircn e�er been a city employee?
Yes " No
3. Does this persoNfirtn pa55ess a skill not normally possessed by any
curtent city employee?
Yes No
Explain all yes answers on separete sheet and attach to green sheet
Initiating Problem, Issues, Opportunity (Who, What, When, Where, Why):
On September 14, 2005, the HRA approved a Resolution authorizing a Tas Tnerement Financing Plan and District for the Cazleton Plac
Project. Since the TIF District approval, the entire site was replatted and a small parcel of land now needs to be included in the TIF
plan.
�'� Advanta9es If Approved:
', Ramsey CounTy will proeeed with certifying the TIF District.
I
=�1� lI�
�i DisadvantageslfApproved:
� None.
�
��AYOR'S ��8-���
Disadvantages If Not Approved:
The TIF District boundaries will not be accurate.
�L.( V � 2006
1 � :�
Transaction:
Funding Source:
Financial Information:
, . � (Explain)
CosURevenue Budgeted: N
Activiry Number:
Rugust 29, 2006 10:32 AM Page 1