HomeMy WebLinkAbout2016-02-09 PACKET 04.05.B.
COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
CITY OF COTTAGE GROVE
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. EDA 2016-004
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF COTTAGE
GROVE CALL FOR A PUBLIC HEARING ON THE MODIFICATION OF
DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX
INCREMENT FINANCING DISTRICT NO. 1-17 (A HOUSING DISTRICT).
BE IT RESOLVED, by the Board of Commissioners (the "Board") of the Cottage Grove Economic
Development Authority, Minnesota (the "EDA") as follows:
WHEREAS, the City Council (the "Council") of the City of Cottage Grove, Minnesota (the "City")
established Development District No. 1 pursuant to Minnesota Statutes, Minnesota Statutes, Sections
469.090 to 469.1082, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
WHEREAS, the EDA is proposing the modification of Development District No. 1 and the
establishment of Tax Increment Financing District No. 1-17 pursuant to, and in accordance with,
Minnesota Statutes, Sections 469.174 to 469.1794 and Sections 469.090 to 469.1082, inclusive, as
amended;
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The EDA hereby requests that the Council call for a public hearing on April 6, 2016 to consider the
proposed adoption of the Modification to the Development Program for Development District No. 1
and the proposed adoption of the Tax Increment Financing Plan for Tax Increment Financing District
No. 1-17 (collectively, the "Program and Plan") and cause notice of said public hearing to be given
as required by law.
2. The EDA directs the Executive Director to transmit copies of the Program and Plan to the Planning
Commission of the City and requests the Planning Commission's written opinion indicating whether
the proposed Program and Plan are in accordance with the Comprehensive Plan of the City, prior to
the date of the public hearing.
3. The Executive Director of the EDA is hereby directed to submit a copy of the Program and Plan to
the Council for its approval.
4. The EDA directs the Executive Director to transmit the Program and Plan to the county and the
school district(s) in which Tax Increment Financing District No. 1-17 is located not later than March
7, 2016.
5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plan and
related documents and to undertake other actions necessary to bring the Plan before the Council.
Approved by the Board on February 9, 2016.
_______________________________
Myron Bailey, President
Attest:
______________________________
Charlene R. Stevens, Executive Director