HomeMy WebLinkAbout2010-03-17 PACKET 04.B.REQUEST OF CITY COUNCIL ACTION COUNCIL AGENDA
MEETING ITEM #
DATE 3/17/10
PREPARED BY Finance Robin Roland
ORIGINATING DEPARTMENT DEPARTMENT HEAD
COUNCIL ACTION REQUEST
Information regarding action by the EDA in support of proposed special TIF legislation for
District 1 -12.
STAFF RECOMMENDATION
No action required. Information only.
BUDGET IMPLICATION
BUDGETED AMOUNT
ADVISORY COMMISSION ACTION
DATE REVIEWED
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❑ PUBLIC SAFETY ❑
❑ PUBLIC WORKS ❑
❑ PARKS AND RECREATION ❑
❑ HUMAN SERVICES /RIGHTS ❑
❑ ECONOMIC DEV. AUTHORITY ❑
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SUPPORTING DOCUMENTS
ACTUAL AMOUNT
APPROVED
DENIED
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® MEMO /LETTER: R Roland Memo & Letter to John Mehrkens
❑ RESOLUTION:
❑ ORDINANCE:
❑ ENGINEERING RECOMMENDATION:
❑ LEGAL RECOMMENDATION:
❑ OTHER:
ADMINISTRATORS COMMENTS
� City Administr� I t i
O f ' � y ator Date
COUNCIL ACTION TAKEN: ❑ APPROVED ❑ DENIED OTHER
C1Documents and Settings \rroland \My Documents \City Council Action Form.doc
To: Honorable Mayor and City Council
Ryan Schroeder, City Administrator
From: Robin Roland, Finance Director :.
i
Date: March 11, 2010
Subject: Proposed TIF Legislation — TIF District 1 -12
Background
At its meeting on March 9, 2010, the EDA approved proposed language for inclusion in special
TIF legislation being proposed by the City of Wayzata and Senior Housing Partners
(Presbyterian Homes). The proposed legislation initially would benefit the Presbyterian Homes
project in Wayzata, but could potentially improve the development prospects of the Norris
marketplace property in TIF district 1 -12 in Cottage Grove.
A letter outlining EDA support of this proposed language is attached with this memo.
Senator Katie Sieben and Representatives Karla Bigham and Denny McNamara have all been
alerted to the potential of inclusion of this language in a forthcoming bill. When an actual
House /Senate File number is identified that information will also be passed along to them.
Recommendation
This item requires no action by the Council. It is for information only.
('�ft City of
Cotta Grove
Minnesota
7516 W Street South I Cottage Grove, Minnesota 55016-3195 651 458 -2800 Fax 651 -458 -2897
w .cottaae•grove.ora Too 651- 458.2880
March 10, 2010
Mr. John Mehrkens
Senior Housing Partners
2845 Hamline Ave. N.
Roseville MN 55113
Dear Mr. Mehrkens:
At its regular monthly meeting on March 9, 2010, the Economic Development Authority of the City of
Cottage Grove approved submittal of language for special TIF legislation involving TIF District 12 in
the City of Cottage Grove. The language approved was as follows:
A bill for an act
relating to the Economic Development Authority of Cottage Grove; extending time for certain activities in a tax
increment financing district
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. [FIRST RECEIPT EXTENDED] Notwithstanding Minnesota Statutes, Section 469.175,
subdivision 1, paragraph (b), the Economic Development Authority of Cottage Grove may modify the tax increment
financing plan for Redevelopment Tax Increment Financing District No. 12 to change the first year in
which it elects to receive increment, up to nine years following the year of approval of the district.
Minnesota Statutes, section 469.175, subdivision 4, paragraph (b) does not apply to such modification of
the tax increment financing plan.
Sec. 2. [FIVE YEAR RULE.] The requirement of Minnesota Statutes, section 469.1763, subdivision 3,
that activities must be undertaken within a five-year period from the date of certification of a tax increment financing
district, is considered to be met for Redevelopment Tax Increment Financing District No. 12 in the city of Cottage Grove
if the activities were undertaken within ten years from the date of certification of the district.
.Sec. 3. [PARCELS DEEMED OCCUPIED.] Any parcel in Redevelopment Tax Increment Financing
District No. 12 in the city of Cottage Grove is deemed to meet the requirements of section 469.174, subdivision 10,
paragraph (d), clause (1) if the following conditions are met:
(a) a building on the parcel was demolished by a developer or the city after the city council found such
building to be structurally substandard upon approval of original tax incrementfinancing plan for the district; and
(b) the city decertifies Redevelopment Tax Increment Financing District No. 12, but files a request with the
county auditor for certification of the parcel as part of a subsequent redevelopment or renewal and renovation
district within ten years after the date of demolition.
[EFFECTIVE DATE]. This act is effective upon compliance by the governing body of the
Economic Development Authority of Cottage Grove with the requirements of Minnesota Statutes, section 645.021,
subdivision 3.
EQUAL OPPORTUNITY EMPLOYER
Should you have any questions regarding this action, please contact me.
EDA Executive Director /City Administrator