HomeMy WebLinkAbout2. Modification IV to Rosemount Redevelopment Plan?A P() BOX 510
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TO: Mayor, City Council, Planning Commission
FROM: Dean Johnson, Director of Community Development
DATE: April 1, 1988
SUBJ: Modification IV - Redevelopment Plan
Attached are copies of Modification IV to the Rosemount Redevelopment
Plan and resolutions of approval for the City Council and Planning
Commission. The revisions made in this modification are limited to the Tax
Increment Financing Plan, pages 17-20. Map 3 identifies the "Corcoran
corner," which was targeted for acquisition and clearance in Modification
III. This same area is identified in Modification IV as the area proposed
for funding.
Modification IV sets the stage for the issuance of approximately $1,300,000
in General Obligation Tax Increment Bonds. These bonds will permit the
construction and permanent financing for the South Robert Square
commercial redevelopment project. The preliminary plat and detailed site
plan for the two buildings have been approved. The final plat will not be
prepared and submitted until the foundations have been set, which will
identify some of the actual lot lines.
In general terms, the City will issue bonds for a ten year term to cover
the total costs of the project. The HRA will sell each building to private
parties with 20 -year contracts. The HRA will meet its annual bond
obligations through the collection of tax increments and contract payments.
This particular approach was devised as the only feasible method to allow
for the construction and acquisition by local businesses.
The actions required by the Planning Commission and City Council follow
the approval of Modification IV by the HRA. As the resolution indicates,
the Planning Commission is required to find that the plan, or in this case
the modification, is consistent with the Comprehensive Guide Plan. There
is no question that the commercial uses are consistent with the guide plan.
The resolution by the City Council references all aspects of the
redevelopment plan ---acquisition, relocation, financing; however, only the
financing plan is relevant in this case. Modification IV is very similar to
Modification I, which identified the financing plan and bonding for the
Rosemount Plaza senior housing project.
It has been over three years since this area was targeted for redevelopment
and over one year since this particular concept was conceived. The
resolutions before you are consistent with prior actions completed to date
and represent the final action required for the modification to the
redevelopment plana
In summary, I recommend approval of the resolutions submitted. I will be
at both the Planning Commission and City Council meetings and will be
prepared to answer any questions you may have.
ROSEMOUNT REDEVELOPMENT PLAN
MODIFICATION IV
MARCH 21, 1988
FORWARD
The City of Rosemount Housing and Redevelopment Authority (NRA) was
established by resolution of the City Council of the City of Rosemount
on April 17, 1979. The Rosemount Redevelopment Plan was approved by
the HRA at its Organizational Meeting on May 1, 1979. The Certificate
of Filing Resolution certifying the declaration by the City of
Rosemount of the need for a Housing and Redevelopment Authoroity in the
City of Rosemount was filed in the Office of Local and Urban Affairs
acting as the Minnesota State Housing Commission on May 11, 1979. The
Planning Commission of the City of Rosemount found the Rosemount
Redevelopment Plan to be in conformance with the Comprehensive Guide
Plan on May 14, 1979. The City Council of the City of Rosemount
approved the Rosemount Redevelopment Plan by resolution at a public
hearing on May 15, 1979, The U.S. Department of Housing and Urban
Development certified the validity of the creation and organization of
the NRA on November 19, 1979.
i TABLE OF CONTENTS is
Page No.
Redevelopment Plan
FORWARD
A. Table of Contents.. ....................................... ......
1
B. Description of the Redevelopment Project
1. Narrative Description of the Project Boundary by Rosemount......
2
2. Project Boundary Map - Map 1 ....................................
4
3. Redevelopment Plan Objectives ...................................
4
4. Redevelopment Activities ........................................
6
C. Land Use Plan
1. Land Use Plan Map - Map 2 .......................................
7
2. Land Use Provisions .............................................
7
D. Project Proposals
1. Land Acquisition . ............................................
9
2. Rehabilitation .. ..................... . ... ................
11
3. Redevelopers' Obligations ......... ...... ..................
11
E. Relocation of Displaced Persons and Businesses ......................
12
F. Official Actions to Carry Out the Redevelopment Plan ................
12
G. Procedures for Changes in Approved Redevelopment Plan ...............
12
1. Existing Projects ...............................................
13
Relocation Plan........ ....................... ....................
14
Statement of Proposed Method of Financing............... ........... ....
16
Tax Increment Financing Plan ............................................
17
Appendix
B. Description of the Rtevelo Project • ment Proj
P p
1. Narrative Description of the Project Boundary
Beginning at a point formed by the intersection of the northerly right-
of-way line of Dakota County State Aid Highway 42 and the southwest
corner of Lot 66 of Marian Terrace;
Thence northerly along the westerly lot line of said Lot 66 of Marian
Terrace extended to a point formed by the southwest corner of Lot 12,
Marian Terrace Replat 2nd Addition;
Thence easterly along the southerly lot line of said Lot 12, Marian
Terrace Replace 2nd Addition continuing along the southerly lot line of
Lot 9, Marian Terrace Replat 2nd Addition to the southeast corner of Lot
9 of Marian Terrace Replat 2nd Addition;
Thence northerly on the East lot line of Lot 9, Marian Terrace Replat
2nd Addition to the southwest corner of Lot 13, Marian Terrace Replat;
Thence southeasterly along the southerly lot line of said Lot 13
extended to its intersection with the westerly lot line of Lot 14,
Marian Terrace Replat;
Thence southerly to the southwest corner of said Lot 14, Marian Terrace
Replat;
Thence southeasterly along the southerly lot line of Lot 14, Marian
Terrace Replat to the southeast corner of said Lot 14, Marian Terrace
Replat;
Thence northerly along the easterly lot lines of Lots 14 through 27,
Marian Terrace Replat to the northeasterly corner of Lot 27 Marian
Terrace Replat;
Thence westerly along the southerly right-of-way line of Lower 147th
Street West to a point formed by the extension of the westerly line of
Lot 61, Auditor's Subdivision No. 1;
Thence northerly along the westerly line of Lot 61, Auditor's
Subdivision No. 1 extended to the southeast corner of Lot 4, Audi'tor's
Subdivision No. 27;
Thence westerly along the southerly Lot Line of Said Lot 4, Audi'tor's
Subdivision No. 27 extended to the west right-of-way line of Cameo
Avenue;
Thence northerly along said west right-of-way line to its intersection
with the southeast corner of Lot 1, Block 2, T.T. Conley Addition;
Thence easterly across Cameo Avenue to the southwest corner of Lot 13,
School Addition;
Redevelopment Plan
Modification 1V
Rosemount
Page 2
March 21, 1988
Thence northerly *ng easterly right-of-way line . Cameo Avenue to the
northwest corner of Lot 12, School Addition;
Thence easterly along the northerly lot line of Lot 12, School Addition
to the northwest corner of said Lot 12;
Thence northerly on the east line of the School Addition to the
northwest corner of lot 20, Auditor's Subdivision No. 1;
Thence easterly along the northerly lot line; of Lot 20, Auditor's
Subdivision No. 1 to the northeast corner of said Lot 20, Auditor's
Subdivision No. 1;
Thence easterly to the northeast corner of Lot 23, Auditor's Subdivision
No. 1;
Thence easterly along a line extended from said northeast corner of Lot
23, Auditor's Subdivision No. 1 to easterly right-of-way line of
Minnesota Trunk Highway No. 3 (South Robert Trail);
Thence northerly along said easterly right-of-way line to a point formed
by extending the northerly lot line of Lot 8, School Addition;
Thence easterly along said extended northerly lot line of Lot 8, School
Addition to a point formed by its intersection with the centerline of
Burma Avenue extended;
Thence southerly to the northerly right-of-way line of 145th Street
West;
Thence easterly along said northerly right-of-way line to the easterly
right-of-way line of Biscayne Avenue;
Thence southerly along said easterly right-of-way line to the northerly
right-of-way line of Dakota County State Aid Highway 42;
Thence westerly along said northerly right-of-way line to point of
beginning.
Redevelopment Plan
Modification IV
Rosemount
Page 3
March 21, 1988
2. Project Boundary i - Map 1
The Project Boundary Map (Map l is attached) is on page 5.
3. Redevelopment Plan Objectives
The City of Rosemount and the Housing and Redevelopment Authority in and
for the City of Rosemount seek to achieve the following objectives
through this Redevelopment Plan:
a. Remove structurally substandard buildings for which rehabilitation
is not feasible.
b. Acquire and remove economically orfunctionally obsolete or
underutilized buildings.
c. Acquire land which is vacant, unused, underused, or inappropriately
used, and public or semi-public properties already devoted to a
public use which are underutilized.
d. Acquire property of irregular form and shape or inadequate size
which has prevented normal development,
e. Eliminate blighting influences which impede potential development.
f. Encourage the retention and expansion of existing intensive
businesses.
g. Preserve and encourage the rehabilitationand/or expansion of
structures which will remain.
h. Provide land for expansion of existing businesses.
i. Provide redevelopment sites of such size and character to assure the
redevelopment of the area.
j. Construct new buildings and improvements for sale, for lease in
whole or in part by private individuals, firms, partnerships, or
other private interests or to public agencies.
k. Eliminate or correct physical deterrents to the development of land.
1. Provide adequate streets, utilities and other public improvements
and facilities to enhance the area for both new and existing
development.
m. Achieve a high level of design and landscaping quality to enhance
the physical environment.
n. Create effective buffers, screens and/or transitions between
residential and non-residential uses to minimize the potential
blighting effects of divergent land uses.
o. Improve the financial base of the City.
Redevelopment Plan
Modification IV
Rosemount
Page 4
March 21, 1988
p. Provide maxi opportunity, consistent with 0 needs of the City,
for development by private enterprise.
q. Provide increased employment opportunities and as much as possible
seek businesses which would employ the unemployed and under-
employed.
r. Provide a retail service level required by the residents of the
communitiy.
4. Redevelopment Activities
The objectives of this Redevelopment Plan will be accomplished through
the following actions:
a. Clearance and redevelopment;
b. Rehabilitation of buildings to remain;
c. Construction of buildings and other improvements;
d. Vacation of rights-of-way;
e. Dedication of new rights-of-way;
f. New installation and/or improvement of streets and alleys;
g. Replacement and improvement of public and private utilities and
facilities; and
h. Other project improvements.
Redevelopment Plan
Modification IV
Rosemount
Page 6
March 21, 1988
C. Land Use Plan 0
1. Land Use Plan Map - Map 2
The Land Use Plan Map (Map 2 is attached) is on page 8.
2. Land Use Provisions
All new development on land acquired by the Housing and Redevelopment
Authority will be subject to the uses and requirements as identified in
the City's Comprehensive Guide Plan and Zoning Ordinance.
a. Additional Regulations and Controls or Restrictions to be Imposed on
the Sale of Acquired Land.
-- All new development on land acquired by the Housing and
Redevelopment Authority shall conform to the applicable State and
local codes and ordinances.
-- The selection of a developer will be based on how well a proposal
meets the Redevelopment Plan Objectives previously noted, and the
minimum "intensity levels" of development for this project's
financial requirements.
Redevelopment Plan
Modification IV
Rosemount
Page 7
March 21, 1988
D. Project Proposals • •
1. Land Acquisition
a. Property Acquisition Map
Property Acquisition Map (Map 3 is attached) is on page 10.
b. List of Property to be Acquired
No new parcels are identified for acquisition. Parcels identified
on Map'3 were acquired and cleared according to Modification III.
These parcels are identified here for convenience and are included
in a financing proposal outlined in the Tax Increment Financing
Plan, pages 17-20,
c. Conditions Under Which Properties Not Designated to be Acquired May
Be Acquired
The Housing and Redevelopment Authority may identify property for
acquisition and may specify conditions for the acquisition or
exclusion from acquisition of identified property in modifications
to this Redevelopment Plan. Such modifications will be adopted in
accordance with Section G of this Redevelopment Plan.
The Housing and Redevelopment Authority may also acquire property by
direct purchase from willing sellers to achieve the objectives of
this Redevelopment Plan. Such acquisition will be undertaken only
when there exists sufficient funding to finance the acquisition and
related costs.
Redevelopment Plan
Modification IV
Rosemount
Page 9
March 21, 1988
a
i+5 rH TKF,�E.-T
ctl
MAP 3
AQUIRED AND CLEARED
Modification IV
Page 10
March 21, 1988
2. Rehabilitation
Owners of properties which are not to be acquired will be encouraged to
rehabilitate their properties to conform with the applicable state and
local codes and ordinances. Owners of properties not to be acquired who
buy project land from the Housing and Redevelopment Authority may be
required to rehabilitate their properties as a condition of the sale of
the land. The Housing and Redevelopment Authority will provide such
rehabilitation assistance that may be available from federal, state or
local sources. In addition, property that is acquired under this
Redevelopment Plan may be rehabilitated or sold to be rehabilitated when
such rehabilitation would serve to achieve the objectives of this
Redevelopment Plan.
3. Redevelopers' Obligations
The general requirements to be imposed upon the redeveloper by the
Contract for Sale are:
a. To redevelop the land purchased in accordance with this
Redevelopment Plan.
b. To commence and complete the building of improvements on the land
within a reasonable period of time as determined by the Housing and
Redevelopment Authority.
c. Not to resell the land before improvements are made without the
prior consent of the Housing and Redevelopment Authority.
d. Not to discriminate on the basis of race, color, sex, creed or
national origin in the sale, lease, transfer or occupancy of the
land purchased from the Housing and Redevelopment Authority.
e. To devote the property only totheuses permitted under this Plan
for a period of 20 years from the date of conveyance of the property
title.
f. All public and private utility services such as water, sewer, gas,
electric and telephone, serving parcels of land to be disposed of
under this, Redevelopment Plan shall be placed underground except
where physical conditions such as relatively small parcels adjacent
to existing uses not to be acquired and parcels sold to existing
uses for expansion purposes would prohibit placement of utilities.
Redevelopment Plan
Modification IV
Rosemount
Page 11
March 21, 1988
E. Relocation of Displ�*Persons and Businesses
The Housing and Redevelopment Authority in and for the City of Rosemount
accepts as binding its obligations under state and local law for relocation
and will administer relocation services for families, individuals and
businesses to be displaced by public action. The state law requires that:
"Prior to approval by the Authority of any redevelopment plan, it shall be
satisfied that the a is a feasible method for the temporary relocation of
families to be dispiaced from the project area, and that there are available
or will be provided) in the project area or in other areas not less desirable
in regard to public utilities and public and commercial facilities and at
rents or prises within the financial means of the families displaced from
the project area, d cent, safe and sanitary dwellings equal in number to the
number of such displaced families."
F. Official Actions to Carry Out the Redevelopment Plan
Minnesota law requires that the Rosemount City Planning Commission review
this Redevelopment Plan and that its written opinion, if any, be available
to the City Counci I prior to City Council approval, of the Redevelopment
Plan. In approving the Redevelopment Plan, the City Council is responsible
for carrying out th se elements of the Redevelopment Plan requiring official
action by the City government:
-- Vacation of streets and/or alleys;
-- Acceptance of dedicated streets and/or alleys;
- Acceptance of changes in public utilities,streets, sidewalks, sewers and
storm drains;
Require the underground placement of utilities in accordance with this
Redevelopment Plan;
-- Acceptance of necessary zoning changes pertaining to land acquired by the
Housing and Redevelopment Authority under this Plan when proposed before
the City Council); and
-- Acceptance of provisions for financing the net project costa
G. Procedure for Changes in Approved Redevelopment Plan
This RedevelopmentPlanmay be modified provided the modification shall be
adopted by the Housing and Redevelopment Authority in and for the City of
Rosemount and the osemount City Council under provisions of the Municipal
Housing and Redevelopment Act of the State of Minnesota, Section 462.525,
Subdivision 6, asfollows:
Redevelopment Plan
Modification IV
Rosemount
Page 12
March 21, 1988
"Subd. 6, Modificaen of Plan. A redevelopment p0 may be modified at
any time before or after the lease or sale of the project area or parts
thereof, provided the modification shall be adopted by the Authority and
the governing body of the political subdivision in which the project is
located, upon such notice and after such public hearing as is required
for the original adoption of the redevelopment plan:
Provided, however, that where the Authority determines the necessity of
changes in an approved redevelopment plan or approved modification
thereof, which changes do not alter or affect the exterior boundaries, or
do not alter or affect substantially the general land uses established in
such plan, such changes shall not constitute a modification to the
redevelopment plan nor,require approval by the governing body of the
political subdivision in which the project is located."
1. And under the Minnesota Tax Increment Financing Act, 273.78, Existing
Projects:
The provisions of Sections 273.71 to 273.77 shall not affect any project
for which tax increment certification was requested pursuant to law
prior to August 1, 1979, or any project carried on by an Authority
pursuant to Minnesota Statutes, Section 462.545, Subdivision 5 with
respect to which the governing body has by resolution designated
properties for inclusion in the district prior to ,August 1, 1979,
except:
a. An existing district cannot be enlarged after five years from the
effective date of the Act. (August 1, 1984)
b. Annual disclosures must be filed and published on or before July 1st
of each year for existing districts. (July 1, 1980)
c. Existing districts may continue for no more than 30 years from the
effective date of the Act. (August 1, 2009)
d. Tax increment for existing districts will cease three years from the
effective date of the Act unless land is acquired, bonds are issued
or utilities are constructed within the district. (August 1, 1982)
e. After the effective date of the Act, all tax increment bonding must
be carried out in accordance with Section 273.77. (August 1, 1979)
Redevelopment Plan
Modification IV
Rosemount
Page 13
March 21, 1988
Relocation Plan
PART I: Assurance with Respect to Relocation Requirements
The Housing and Redevelopment Authority in and for the City of
Rosemount hereby assures that prior to approval by the Authority of any
relocation plan, it shall be satisfied that there is a feasible method
for the temporary relocation of families to be displaced from the
project area.
1. Fair and reasonable payments and assistance shall be provided in
accordance with Public taw 91-646, to or for families, individuals,
partnerships, corporations or associations displaced as a result of
the project;
2. Affected persons will be adequately informed of the benefits,
policies and procedures provided for under applicable Housing and
Urban Development regulations;
3. The relocation process will be carried out in such a manner as to
provide displaced persons with uniform and consistent services, and
replacement housing will be available in the same range of choices
with respect to such housing to all displaced persons regardless of
race, color, religion or national origin.
Relocation Plan
Modification IV
Rosemount
Page 14
March 21, 1988
Relocation Plan
PART II: The General Relocation Plan
I. Description of Administrative Organization
A. The Housing and Redevelopment Authority in and for the City of
Rosemount will administer relocation activities for families,
individuals and businesses to be displaced from property acquired
by the Authority and will see to that certain benefits will be
paid to persons displaced by actions of the Rosemount Housing and
Redevelopment Authority in accordance with the Minnesota Uniform
Relocation Act (M.U.R.A.).
II. Relocation Policy
A. Residential Relocation Policy
Residential relocation costs will be determined by specialists
retained for this purpose by the Rosemount Housing and
Redevelopment Authority. Families and individuals to be displaced
under this program have full opportunity to occupy standard
housing that is within their financial means and adequate to their
needs is reasonably accessible to their places of employment or
potential employment, transportation and other commercial, public
and other facilities; and is available on a non-discriminatory
basis.
B. Business Relocation Policy
Business relocation costs will be determined by specialists able
to relate to the basic problems of real estate transactions, site
selection, financing and business operational skills. Business
relocation specialists will be retained for this purpose by the
Rosemount Housing and Redevelopment Authority. Displaced
businesses will reserve benefits for which they qualify under
Minnesota Statutes,
Relocation Plan
Modification IV
Rosemount
Page 15
March 21, 1988
• STATEMENT OF METHOD
PROPOSED FOR FINANCING
THE ROSEMOUNT REDEVELOPMENT PROJECT
The Housing and Redevelopment Authority in and for the City of
Rosemount (herein called the Authority) elects to use Tax
Increment financing pursuant to Minnesota Statutes, Section
462.585 as amended, and 273.71-78, to finance all or part of
the cost of the Rosemount Redevelopment Project.
By electing this method of finance, the Authority is not
precluding the use of other methods provided under MSA
462.545, as amended.
Statement of Method
Proposed for Financing
Modification IV
Rosemount
Page 16
March 21, 1988
TAX INCREMENT FINANCING Pe
A. Statement of Objectives
See Section B, Subsection 3.
B. Development Program
Includes redevelopment plan, relocation plan, method of financing and tax
increment financing plan.
C. Parcels to be Included in the Tax Increment Financing District
No change from plan adopted May 15, 1979.
D. Parcels identified for Tax Increment Financing
1. The HRA will secure financing sufficient to construct two commercial
structures on parcels illustrated on Map 3. The HRA will enter into
agreements necessary for the sale of structures and all property to
private parties.
2. Properties so identified include the following parcels;
Plat Parcel
03700 010-21
11 010-20
0 022-20
010-22
020-22
030-22
�010-23
012-24
Tax Increment Plan
Modification IV
Rosemount
Page 17
March 21, 1988
E. Estimate of Costs •
Estimated costs associated with the project are provided below.
ESTIMATED PROJECT COSTS
Stage Four
Construction $ 1,050,000
Permit Fees 30,000
Architect Fees 65,000
Administration/Legal 50,000
Interim Financing 30,000
Permanent Financing 60,000
TOTAL $ 1,285,000
F. Sources of Revenue
Project costs will be financed through a negotiated loan or bond sale and
will be retired through the annual collection of tax increments and the
collection of lease/contract payments. The sources of revenue identified in
this report do not preclude other sources of long or short term income,
including special assessments or private capital.
Tax Increment Plan
Modification IV
Rosemount
Page 18
March 21, 1988
G. Original Assessed VaAion
Pursuant to Minnesota Statutes .§3273.74,Subdivision 1, and §273.76,
Subdivision 1, the Original Assessed Valuation (OAV) of the tax increment
financing district is estimated to be approximately $1,476,061.
Each year the.Offi.ce of the County Auditor will measure the amount of
increase or decrease in the total assessed valuation of the tax increment
redevelopment district to calculate the tax increment payable to the tax
increment financing district development fund. In any year in which there
is an increase in total assessed valuation in the tax increment
redevelopment district, a tax increment will be payable. In any year in
which the total assessed valuation in the tax increment district declines
below the original assessed value (OAV) no. assessed value will be captured
and no tax increment will be payable. The County Auditor shall certify in
each year after the date the original assessed value was certified, the
amount by which the OAV has increased or decreased, as a result of:
(a) change in tax exempt status of property;
(b) reduction or enlargement of the geographic boundaries of the district;
(c) change due to stipulations, adjustments, negotiated or court-ordered
abatements.
H. Estimated Captured Assessed Value
The estimated captured assessed valuation (CAV) of the tax increment
redevelopment district from Stage Four will annually approximate $434,592.
It is estimated that current proposals will result in additional assessed
value of $494,100.
I. Duration of the District
Pursuant to Minnesota Statutes § 273.78, the duration of the tax increment
district within Development District No. 1 must be indicated within the
finance plan. The duration of the tax increment district will be 30 years
from August 1, 1979. Thus, it is estimated that the tax increment district,
including any modifications to the finance plan for subsequent phases or
other changes, would terminate in 2009.
J. Estimate of Amount of Bonded Indebtedness
Approximately $1,300,000 in additional bonded indebtedness may result from
this project.
Tax Increment Plan
Modification IV
Rosemount
Page 19
March 21, 1988
K. Annual Disclosure Re*ements
Pursuant to M.S. 273.74, Subd. 5, an Authority must file an annual
disclosure report for all tax increment financing districts, The report
shall be filed with the school board, county board and the Minnesota State
Planning Agency. The report to be filed by the Clerk as district
administrator shall include the following information:
1. The amount and source of revenue in the account;
2. The amount and purpose of expenditures from the account;
3. The amount of any pledge of revenues, including principal and interest
on any outstanding bonded indebtedness;
4. The original assessed value of the district;
5. The captured assessed value retained by the authority;
6. The captured assessed value shared with other taxing districts;
7. The tax increment received.
The annual disclosure report is designed to be a two-way medium of
information dissemination for both the Office of the County Auditor and the
City. Should the Auditor want additional information from the Authority
regarding its tax increment financing activities, such information should be
requested prior to submission of the annual disclosure report by the
Authority. Similarly, the Authority may utilize the annual disclosure
report as a means for requesting information from the Office of the County
Auditor.
Additionally, the Authority must annually publish a statement in a newspaper
of general circulation in the municipality showing the tax increment
received and expended in that year, the origi-nal assessed value, the
captured assessed value, amount of outstanding bonded indebtedness and any
additional information the Authority deems necessary.
Tax Increment Plan
Modification IV
Rosemount
Page 20
March 21, 1988
City of Rosemount
Planning Commission
Resolution 1988-1
A RESOLUTION FINDING THAT THE ROSEMOUNT DEVELOPMENT
PLAN MODIFICATION NO. IV IS IN CONFORMANCE WITH THE
CITY OF ROSEMOUNT COMPREHENSIVE GUIDE PLAN
WHEREAS, the Housing and Redevelopment Authority (HRA) of the
City of Rosemount has prepared the Rosemount Redevelopment Pian
Modification No. IV, dated March 21, 1988;
WHEREAS, the City of Rosemount Planning Commission has received
said plan modification and is required to comment on its
conformance with the City of Rosemount Comprehensive Guide Plan.
NOW THEREFORE BE IT RESOLVED, the Planning Commission of
the City of Rosemount advises the HRA and the City Council of the
City of Rosemount that the Rosemount Redevelopment Plan
Modification No. IV, dated March 21, 1988 is in conformance with
the City of Rosemount Comprehensive Guide Plan.
Adopted this 5th day of April, 1988.
Steve Toombs, Chairman
ATTEST:
Daniel Huntington, Secretary
City of Rosemount
Resolution 1988-
A RESOLUTION APPROVING MODIFICATION NO. IV TO THE REDEVELOPMENT PLAN
PURSUANT TO MINNESOTA STATUTES 462.411, ET SEQ., AND INCLUDING
THE USE OF TAX INCREMENT FINANCING PURSUANT TO
MINNESOTA STATUES 273.78 IN THE ROSEMOUNT REDEVELOPMENT PROJECT
i
WHEREAS, under the provisions of Title I of the Housing Act of 1949, as amended, the
Secretary of Housing and Urban Development is authorized to provide financial
assistance to Local Public Agencies for undertaking and carrying out redevelopment
projects; and
WHEREAS, it is desirable and in the public interest that the Housing and
Redevelopment Authority in and for the City of Rosemount, the Local Public Agency,
(herein called the "Authority"), undertake and carry out a Redevelopment Project
identified as Modification No. IV to the Rosemount Redevelopment Plan; and
WHEREAS, the Authority has federal aid available for the Rosemount Redevelopment
Project, and recommends that the project be undertaken as rapidly as possible and be
financed with local funds and federal aid; and
WHEREAS, the rules and regulations prescribed by the State Government pursuant to
Minnesota Statutes, Section 462.531, require that there is a feasible method for the
temporary relocation of families to be displaced from the project area and that there
are available or will be provided in the project area or in other areas not less
desirable in regard to public utilities and public and commercial facilities and at rents
or prices within the financial means of the families displaced from the project area,
decent, safe and sanitary dwellings equal in number to the number of such displaced
families; and
WHEREAS, there was presented to this meeting of the governing body of the Authority
for its consideration and approval, a copy of Modification No. IV to the redevelopment
plan for said project area dated March 21, 1988, which plan is entitled Modification
No. IV to the Rosemount Redevelopment Plan and consists of 20 pages, including three
(3) maps, a statement of the Method Proposed for Financing the Project, Tax,
Increment Financing Plan and a Relocation Plan, which relocation report contains a set
of conditions under which the Authority will make relocation payments; and
WHEREAS, in connection with the undertaking of a Redevelopment Project by the
Authority pursuant to the Minnesota Municipal Housing and Redevelopment Act, Laws
of Minnesota 1947, Chapter 487, as amended, the approval by the Board of
Commissioners of the Authority of the Redevelopment Plan for the project - area
involved in such undertaking is required by the City Council before it will consider for
approval said Redevelopment Plan; and
Resolution 1988 -
Page Two
WHEREAS, the said Modification No. IV to the Rosemount Redevelopment Plan, dated
March 21, 1988 has been duly transmitted by the Authority to the planning agency of
the municipality in which the area to be redeveloped is situated, namely, the City
Planning Commission of the City of Rosemount, for its study, and request was made by
said Authority to said Planning Commission for its written opinion of the said Plan,
and said Planning Commission at a regular meeting scheduled for April 5, 1988 gave its
written opinion of said Plan and its findings as to compliance with the Comprehensive
Guide Plan of the City of Rosemount:
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Rosemount:
1. That the redevelopment area described in said Modification No. IV to the
Rosemount Redevelopment Plan dated March 21, 1988 is a blighted area as defined
in the Minnesota Municipal Housing and Redevelopment Act, Laws of Minnesota
1947, Chapter 487, as amended, M.S.A. Section 462.421, and is a blighted,
deteriorating and deteriorated area in the locality involved, and a redevelopment
area within the meaning of the Housing Act of 1949, as amended.
2. That said Plan and Project Modification will carry out the purpose and policy of
the Municipal Housing and Redevelopment Act of the State of Minnesota (Laws
1947, Chapter 487, as amended; M.S.A. Sec. 462.415) and in the Congressional
Declaration of National Housing Policy contained in the Act of 1949 as amended.
3. That the City.Council has found and, determined by Resolution that;
a. the land in the project area would not be made 'available for redevelopment
without the financial aid to be sought; and
b. the Redevelopment Plan for the redevelopment areas in the locality will afford
maximum opportunity, consistent with the sound needs of the locality as a
whole, for the redevelopment of such areas by private enterprise; and
c. the Redevelopment Plan conforms with the Comprehensive Guide Plan of the
City; and
d, that the plan for relocation of the individuals and families displaced in
carrying out the Project in decent, safe and sanitary dwellings in conformity
with acceptable standards is feasible and can be reasonably and timely effected
to permit the proper execution and completion of the Project, and that such
dwellings or dwelling units available or to be made available to such displaced
individuals and families are not generally less desirable ' in regard to public
utilities and public and commercial facilities than the dwellings of the
displaced individuals and families in the project area, are available at rents or
prices within the financial means of the displaced individuals and families, and
are reasonably accessible to their places of employment.
4. That the City Council hereby consents by resolution to the use by the Authority of
the tax increment method of financing in the RosemountRedevelopmentProject in
the manner provided in Minnesota Statutes 462.585 and 273.78, but does not
preclude the use of other methods of financing, including state and federal aid, but
does preclude the use of tax increments outside of the project.
5. That staff is hereby authorized and directed to take such action as may be deemed
necessary or advisable to expedite approval of said Plan by any and all other
authorities, including the State of Minnesota and the United States Government
and any of its agencies and instrumentalities.
i
Resolution 1988 -
Page Three • •
b. That the conditions under which the Authority will make relocation payments are
hereby in all respects approved.
7. That it is hereby found and determined that the objectives of the Redevelopment
Plan cannot be achieved through more extensive rehabilitation of the Project Area.
8. That said Redevelopment Plan Modification together with the Proposed Method of
Financing, including Tax Increment Financing, the Project and Relocation report
are hereby in all respects approved and the City Clerk is hereby directed to file
said Redevelopment Plan with the Minutes of this meeting.
Adopted this 5th day of April, 1988.
Rollan Hoke, Mayor
ATTEST
Stephan Jilk, Administrator/Clerk