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Home My WebLink AboutCalling for Public Hearing on Orono Woods CITY COUNCIL RESOLUTIONS Re: TIF / Housing Plan / Bonds #4623 Adopted 3-12-01 Resolution Calling For A Public Hearing on the Proposed Establishment of Development District No. 1 and Tax Increment Financing District No. 1-1 (Originals weren't made; are being made and signed by Mayor/Clerk on 11-26-01) #4648 Adopted 4-23-01 Resolution CallingFor Public Hearings on Orono Woods Tax Increment Financing Plan,Development Plan, Housing Program and Issuance of Multifamily Housing Revenue Bonds (Signed by Mayor Peterson and Deputy Clerk Dodge) #4658 Adopted 5-29-01 Resolution Adopting the Redevelopment Plan for Housing Project Area No. 1, Establishing Tax Increment Financing District No. 1-1 Therein, and Adopting the Tax Increment Financing Plan Therefore (Signed by Mayor Peterson and City Admin. Moorse) #4659 Adopted 5-29-01 Resolution Approving Housing Program and Stating Intent to Issue Housing Revenue Bonds (Signed by Mayor Peterson and City Admin. Moorse) 4C:04, �O O CITY of ORONO �� 1 A o RESOLUTION OF THE CITY COUNCIL �t9 � 4� NO. 4648 RESOLUTION CALLING FOR PUBLIC HEARINGS ON ORONO WOODS TAX INCREMENT FINANCING PLAN, DEVELOPMENT PLAN, HOUSING PROGRAM AND ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS BE IT RESOLVED by the City Council of the City of Orono, Minnesota, as follows: Section 1. BACKGROUND. 1. There has been presented to this Council drafts of a Tax Increment Financing Plan and Development Plan and a Housing Program (together the "Plans")relating to the financing of a 62- unit multifamily housing facility for seniors (the "Project"). The Plans describe a proposal to provide tax increment assistance pursuant to Minnesota Statutes, Sections 469.174 to 469.179,and to issue housing revenue bonds under Minnesota Statutes, Chapter 462C. Section 2. COUNCIL ACTION. 2. This Council shall hold public hearings on the Plans and the issuance of revenue bonds at its regular meeting on Monday,May 14,2001 at 7:00 o'clock P.M. Notice of such hearings shall be given as required by law. Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held this 23rd day of April, 2001. /' _ ;` , ./ - i Barbara Peterson, Mayor ATTEST: �-� i•_c�c' Dc,ea(c_ Liz4Ela S. Vetr it , Clerk c_hci /edye, Qr�,�ry Gee ANG Mp,R \ 2:6 REQUEST FOR COUNCIL ACTION 0‘1 'oRONO DATE: March 9, 2001 ITEM NO: // Department Approval: Administrator Reviewed: Agenda Section: Name Ron Moorse / City Administrator's Title City Administrator `77 Report Item Description:Scheduling TIF Public Hearing-Resolution The Council has given conceptual approval to the use of tax increment financing to assist a proposed senior housing project. The use of tax increment financing requires that a tax increment financing district and a development district be established. This requires a public hearing process. Because of the length of the necessary hearing notice,the earliest regular council meeting at which the hearing can be held is the meeting of May 14, 2001. A resolution scheduling the hearing is attached for council adoption. COUNCIL ACTION REQUESTED: Motion to adopt the attached resolution scheduling a public hearing at 7:00 p.m. on Monday, May 14, 2001, for the purpose of establishing a development district and a tax increment district. Ron Moorse-Call hearing frm Page 1 RESOLUTION NO. RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED ESTABLISHMENT OF DEVELOPMENT DISTRICT NO. 1 AND TAX INCREMENT FINANCING DISTRICT NO. 1-1 BE IT RESOLVED by the City Council(the"Council")for the City of Orono,Minnesota(the"City"),as follows: Section 1. Public Hearing. This Council shall meet on May 14, 2001, at approximately 7:00 p.m.to hold a public hearing on: (1)the proposed establishment of Development District No. 1 and the adoption of a development program, and (2) the proposed establishment of Tax Increment Financing Distrct No. 1-1 and the adoption of a tax increment financing plan. These actions are taken pursuant to and in accordance with Minnesota Statutes, Sections 469.124 through 469.134 and Sections 469.174 through 469.179, inclusive,as amended, in an effort to encourage the development of certain designated areas and the provision of housing within the City;and Section 2. Notice of Public Hearing,Filing of Documents. City staff is authorized and directed to work with Ehlers & Associates, Inc., to prepare the Development Program for Development Distrct No. 1 and the Tax Increment Financing Plan for Tax Increment Financing District No. 1-1 and to provide notifications as required by State Law. The City Administrator is authorized and directed to cause notice of the hearing,together with an appropriate map as required by law,to be published at least once in the official newspaper of the City not later than 10, nor more than 30, days prior to May 14 ,2001and to place a copy of the Development Program and the Tax increment Financing Plan on file in the City Clerk's office at City Hall and to make such copy available for inspection by the public. Dated:March 12,2001 Adopted: Mayor A'JEST: City Clerk LRto 2" 3 A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED ESTABLISHMENT OF DEVELOPMENT DISTRICT NO. 1 AND TAX INCREMENT FINANCING DISTRICT NO. 1-1 NOW,THEREFORE,BE IT RESOLVED by the City Council(the"Council")for the City of Orono, Minnesota(the "City"), as follows: SECTION 1. Public Hearing. The Council shall meet on May 14, 2001, at approximately 7:00 p.m.to hold a public hearing on:(1)the proposed establishment of Development District No. 1 and the adoption of a development program, and (2) the proposed establishment of Tax Increment Financing District No. 1-1 and the adoption of a tax increment financing plan. These actions are taken pursuant to and in accordance with the Minnesota Statutes, Sections 469.124 through 469.134 and Sections 469.174 through 469.179, inclusive, as amended, in an effort to encourage the development of certain designated areas and the provision of housing within the City; and SECTION 2. Notice of Public Hearing, Filing of Documents. City staff is authorized and directed to work with Ehlers&Associates,Inc.,to prepare the Development Program for Development District No. 1 and the Tax Increment Financing Plan for Tax Increment Financing District No. 1-1 and to provide notifications as required by State Law. The City Administrator is authorized and directed to cause notice of the hearing,together with an appropriate map as required by law,to be published at least once in the official newspaper of the City no later than 10,nor more than 30, days prior to May 14, 2001 and to place a copy of the Development Program and the Tax increment Financing Plan on file in the City Clerks's office at City Hall and to make such copy available for inspection by the public. Adopted by the City Council this 12th day of March, 2001. Barbara Peterson, Mayor ATTEST: Rachel Dodge, Deputy Clerk CITY OF ORONO HENNEPIN COUNTY STATE OF ;MINNESOTA Council member Flint introduced the following resolution and moved its adoption: RESOLUTION NO. 4 6 5 RESOLUTION APPROVING HOUSING PROGRAM AND STATING INTENT TO ISSUE HOUSING REVENUE BONDS BE IT RESOLVED by the City Council (the "Council") of the City of Orono, Minnesota (the "City"), as follows: 1. On May 14, 2001 this Council held public hearings on a Program for the Financing of a Multifamily Rental Housing Development for Seniors (the "Housing Program") and on the issuance of up to $9 million of housing revenue bonds (the "Housing Bonds")pursuant to Minnesota Statutes, Chapter 462C to finance the Program. The Program provides for acquisition of land and construction of 62 units of multifamily housing for seniors to be located at Brown Road and Wayzata Boulevard and to be owned by Wedum Foundation or Orono Senior Housing, LLC. 2. The Program is hereby approved. 3. The issuance of the Bonds given preliminary approval. The City intends to issue the Bonds subject to negotiation and consideration of the terms thereof and related documents. City staff, the City Attorney and bond counsel are authorized to negotiate and prepare appropriate documents relating to the Bonds for consideration by this Council. The motion for the adoption of the foregoing resolution was seconded by Council member White , and upon a vote being taken thereon the following voted in favor thereof: Mayor Peterson Council Member Nygard Council Member Sansevere and the following voted against the same: None 4659 Dated: May 29. 2001 ATTEST: . 0 _ :14 °"1"sd Barbara Peterson Ronald J. Moorse Mayor City Administrator M1:750269.01