HomeMy WebLinkAboutIV.E - HEDRA Resolution No. 2021-24 - Requesting City Council Call for TIF Hearing 1
HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 2021-_____
RESOLUTION REQUESTING A PUBLIC HEARING ON THE
PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING
DISTRICT NO. 9
Commissioner ________________________ introduced the following resolution and
moved its adoption:
BE IT RESOLVED by the Board of Commissioners of the Hastings Economic
Development and Redevelopment Authority, Minnesota (“HEDRA"), as follows:
Section 1. Background
1.01. HEDRA previously established the Hastings Downtown Redevelopment Area,
Development District No. 1 (the "Project Area") and established Tax Increment Financing
District No. 7 within the boundaries of the Project Area, all pursuant to and in conformity with
applicable law, including Minnesota Statutes, Sections 469.001 to 469.047, Section 469.090 to
469.1082, and Sections 469.174 to 469.1794, inclusive, as amended (the "Act"), in an effort to
encourage the redevelopment of certain designated areas within the City of Hastings (the “City”).
1.02. HEDRA proposes to adopt further modification to the Redevelopment Plan for
the Project Area to provide for the establishment of a new tax increment financing district within
the boundaries of the Project Area.
1.03. HEDRA proposes the establishment of Tax Increment Financing
(Redevelopment) District No. 9 (the "TIF District"), within the Project Area, and the approval of
a Tax Increment Financing Plan ("TIF Plan") for the TIF District, pursuant to and in accordance
with Section 469.175 of the Act.
1.04. The creation of tax increment financing districts must be approved by the City
Council of the City after a duly noticed public hearing.
Section 2. Process
2.01. HEDRA requests that the Council call for a public hearing to be held on Monday,
February 21, 2022 to consider the proposed modification to the Redevelopment Plan for the
Project Area and the adoption of the Tax Increment Financing Plan for the establishment of the
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TIF District within the Project Area, among other purposes, and to cause notice of said public
hearing to be given as required by law.
2.02. HEDRA directs the Executive Director to transmit copies of the proposed
Modified Redevelopment Plan for the Project Area and the proposed Tax Increment Financing
Plan for the TIF District (together, the “Plan”) to the Planning Commission of the City and
requests the Planning Commission's written opinion indicating whether the Plan is in accordance
with the Comprehensive Plan of the City, prior to the date of the public hearing.
2.03. The Executive Director of HEDRA is hereby directed to submit a copy of the Plan
to the Council for its approval.
2.04. HEDRA directs the Executive Director to transmit the Plan to Dakota County and
Independent School District No. 200 not later than January 6, 2022.
2.05. Staff and consultants are authorized and directed to take all other steps necessary
to prepare the Plan and related documents and to undertake other actions necessary to bring the
Plan before the Council.
Section 3. Effective Date. This resolution is effective upon the date of its approval.
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Commissioner ______ seconded the resolution and upon being put to a vote it was adopted:
Ayes:
Nays:
Absent:
Abstention:
The resolution was duly adopted this 9th day of December, 2021.
________________________
Dennis Piene, President
ATTEST:
_______________________________
John Hinzman, Executive Director