HomeMy WebLinkAbout#4 TIF District No. 5 - Napa (lower quality)"T I
To: Plannin Commissioners
From: John Hinzman, Communit Development Director
Date: Jul 12, 2010
Subject: Adopt Resolution: Conformance to the General Plan - Amendment
to Modif the Vermillion Street Redevelopment Plan and Establishment
• TIF District No. 5 (Napa).
The Plannin Commission is asked to adopt the attached resolution findin that the
proposed amendment to the Vermillion Street Redevelopment Plan to establish TIF District
No. 5 (Napa) are in conformance to the Cit " plan for development" as outlined in
Minnesota State Statutes Chapter 469.028.
The Plannin Commission's role is limited to determinin conformance with the "
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plan for development . The Hastin Economic Development and Redevelopmen
Authorit (HEDRA) is scheduled to review the plans in detail at their Jul 8, 2010 meetin
The Cit Council will hold a public hearin on Jul 1 9th to review the plans and conside
establishment of the District.
Vermillion Street Redevelopment Plan
Redevelopment Plans identif a nei or corridor where the Cit wishes tit,
encoura private redevelopment. A pro area must be established before the Cit can
provide loans to improve propert or use financial assistance such as tax increment.
The Vermillion Street Redevelopment Plan was established in 2008 and encompasses
most commercial properties alon Vermillion Street from TH 55 to TH 316. The desi
is consistent with the Vermillion Street Development Guidelines adopted b the Cit Council
in Januar 2008.
On September 22, 2008 the Plannin Commission adopted a resolution findin that the
Vermillion Street Redevelopment Project Area was in conformance with the g eneral plan of
development. Please see the attached Redevelopment Project Area for further information.
TIF District fto. 5 (ilapa)
The Hastin Economic Development and Redevelopment Authorit (HEDRA) proposes to
establish TIF District No. 5 within the Vermillion Street Redevelopment Plan. The TIF
District would encompass the proposed Napa Site at 15 th and Vermillion Street onl
Please see fte attaaWed TIF Plat,.
The Comprehensive Plan and Vermillion Street Redevelopment Guidelines are
determined to be "General Plans" for Cit development and were reviewed to determine
conformance with the creation of TIF District No. 5.
Cit staff has determined that the modification to the Vermillion Street Redevelopment
Project Area to create TI F District No. 5 is in conformance with the General Plans of the
Cit The followin excerpts from the plans identif specific areas.
Vermillion Street Redevelopment Guidelines ( 2006 )
"13 9 oals and!,01::,Jecfives
U rid,
SL,I
off—,Jce, iIIS-fit"Llt'lona,"I and residearifial Uses,-
Enhances, t1he econiomi!c, vlabil'[t of businesses,.,
En Ii � nces, tfie 1r g rit y of ad
nei
i
Nalax[mlZe's O tD.-cotitribute, t, hi q L it
,Of comlim:unit llfe,.
Sui,,p1port's, the j ,.-),h y sjc-, -tjon to local trails 'Opel,Ii
space ado t r commuinit v inisfittlfi ns
7.4 Next Ste, s
Ip
Potential, riext,s-te f(--,)r pi-oceerdiri m1l-,i of' tl-ie
Dev eel opnient Gii"Idelities.fo-r tl,-ie VerimJ11[onStreet, Corridor
i IICI U d e,
® Review of specific parceis, oii, vemli,'i'lil'on like1 to be
0"
red eve, loped - Niajo,r q Ljesil�ions- re further stud
mclude,,
A. V%11i t pamels are. rmost lilkel to, redevelop in, tfie netar
futullm ev?
B- W.,"ha, t a re, t,h ea, o bsta,el es to redeve I o, nt,?
�Nlhat a re pote,nfla I stra,te ies, fo�r re m,, ov -1 n g t,h ese,
obstac.les, anidhow iii i the be, funded?
D.. How mil t1i see,,, 1 .)arc.e,ls be priorifizedto, cmate.-
posjfilivea chran on! t1he.., corridor?
2002),
u n s
H' a S, t �' onlprehenb, �e- Pl an
Putpose
i t