HomeMy WebLinkAboutVIII-10 Resolution Call for Public Hearing - Tax Increment Financing District 9
City Council Memorandum
To: City Council
From: Eric Maass, AICP, EDFP, Economic Development Coordinator
Date: December 20, 2021
Item: Resolution calling for Public Hearing on the proposed modification of the
Hastings Downtown Redevelopment Area, the proposed establishment of Tax Increment
Financing District No. 9 within the Hastings Downtown Development Area, the Proposed
adoption of the modified redevelopment area, and the proposed adoption of Tax
Increment Financing relating to tax increment financing district No. 9.
REQUEST:
Authorize Signature of Resolution calling for Public Hearing on the proposed modification of the
Hastings Downtown Redevelopment Area, the proposed establishment of Tax Increment
Financing District No. 9 within the Hastings Downtown Development Area, the Proposed
adoption of the modified redevelopment area, and the proposed adoption of Tax Increment
Financing relating to tax increment financing district No. 9.
1) Authorize Signature of Resolution.
RECOMMENDATION:
Staff recommends authorizing signature of the Resolution as presented by Staff.
BACKGROUND INFORMATION:
History:
The City has received an application from NJS Development, LLC to consider Tax Increment
Financing (TIF) to help support a proposed apartment building to be constructed on a portion of
the former UBC site in the downtown area. Northland Securities has provided a schedule for
review of the application which requires a public hearing. The attached resolution does not
approve TIF funding, but rather approves calling for the public hearing regarding the
consideration of the TIF application.
ATTACHMENTS:
Resolution
Location Map
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CITY OF HASTINGS
DAKOTA COUNTY
STATE OF MINNESOTA
RESOLUTION _____
RESOLUTION CALLING PUBLIC HEARING ON THE PROPOSED MODIFICATION
OF THE HASTINGS DOWNTOWN REDEVELOPMENT AREA, THE PROPOSED
ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 9 WITHIN
THE HASTINGS DOWNTOWN REDEVELOPMENT AREA, THE PROPOSED
ADOPTION OF THE MODIFIED REDEVELOPMENT PLAN FOR THE HASTINGS
DOWNTOWN REDEVELOPMENT AREA, AND THE PROPOSED ADOPTION OF
TAX INCREMENT FINANCING PLAN RELATING TO TAX INCREMENT
FINANCING DISTRICT NO. 9
BE IT RESOLVED by the City Council (the "Council") of the City of Hastings, Minnesota
(the "City"), as follows:
Public Hearing. This Council shall meet on Tuesday, February 22, 2022, at approximately
7:00 p.m., to hold a public hearing on the proposed modification of the Hasting Downtown
Redevelopment Area (the “Project Area”), the proposed establishment of Tax Increment
Financing District No. 9 (the “TIF District”) within the Project Area, the proposed adoption of
the Modified Redevelopment Plan for the Project Area, and the proposed adoption of Tax
Increment Financing Plan relating to the TIF District, all pursuant to and in accordance with
Minnesota Statutes, Sections 469.001 through 469.047, both inclusive, as amended, Minnesota
Statutes Sections 469.090 through 469.1081, both inclusive, as amended, and Minnesota
Statutes, Sections 469.174 through 469.1794, both inclusive, as amended (collectively, the
“Act”).
1. Notice of Hearing; Filing of Program and Plan. The City Clerk is hereby authorized
to cause a notice of the hearing, substantially in the form attached hereto as Exhibit A, to be
published as required by Minnesota Statutes, Section 469.175, Subdivision 3 of the Act and to
place a copy of the proposed Tax Increment Financing Plan for the TIF District on file in the City
Clerk’s Office at Hastings City Hall and to make such copies available for inspection by the public.
2. Consultation with Other Taxing Jurisdictions. The City Clerk is hereby directed to
mail a notice of the public hearing and a copy of the proposed Tax increment Financing Plan for
the TIF District to Dakota County and Independent School District No. 200, informing those taxing
jurisdictions of the estimated fiscal and economic impact of the TIF District.
Adopted by the City Council of the City of Hastings, Minnesota, this 20th day of December,
2021.
_____________________________
Mayor
ATTEST:
____________________________________
City Clerk
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Exhibit A
CITY OF HASTINGS
STATE OF MINNESOTA
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council (the "Council") of the City of Hastings,
Minnesota, will hold a public hearing on Tuesday, February 22, 2022, at approximately 7:00
p.m., in the City Hall Council Chambers, relating to the proposed modification of the Hastings
Downtown Redevelopment Area (the “Project Area”), the proposed establishment of Tax
Increment Financing District No. 9 (the “TIF District”) within the Project Area, the proposed
adoption of the Modified Redevelopment Plan for the Project Area, and the proposed adoption
of Tax Increment Financing Plan relating to the TIF District, all pursuant to and in accordance
with Minnesota Statutes, Sections 469.001 through 469.047, both inclusive, as amended,
Minnesota Statutes Sections 469.090 through 469.1081, both inclusive, as amended, and
Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive, as amended
(collectively, the “Act”). Copies of the proposed Tax Increment Financing Plan will be on file
and available for public inspection at the office of the City Clerk at City Hall.
The property included within the Project Area is described in the Modified Redevelopment Plan
on file in the office of the City Clerk. The property to be included within the TIF District is
described in the Tax Increment Financing Plan on file in the office of the City Clerk. The
boundaries of the Hastings Downtown Redevelopment Area and the proposed Tax Increment
Financing District No. 9 are shown in the adjacent map.
All interested persons may appear at the hearing and present their views orally or in writing
prior to the hearing to City Hall, 101 4th Street E, Hastings, MN 55033.
BY ORDER OF THE CITY COUNCIL
/s/ .
City Clerk
[publish on February 10, 2022]
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Tax Increment Financing District No. 9
Tax Increment Financing District No. 9
Development District No. 1 Hastings Downtown
Redevelopment Area
City of Hastings
Dakota County, Minnesota
Tax
Increment
Financing
District No. 9
Development
District No. 1
(Hastings
Downtown
Redevelopment
Area)
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