13-051 - 06-18 - amending north wirth district #3 - discontinue collection of increment from certain parcels Resolution 13-51 June 18, 2013
Member Pentel introduced the following resolution and moved its adoption:
RESOLUTION AMENDING THE NORTH WIRTH DISTRICT NO. 3
TAX INCREMENT FINANCING DISTRICT TQ DISCONTINUE THE
COLLECTION OF INCREMENT GENERATED FROM CERTAIN PARCELS
WHEREAS, by adoption of a resolution on July 6, 2004, the City Council of the City
of Golden Valley Minnesota (the "City") has heretofore created the North Wirth Tax
Increment Financing District (the "District") No. 3, located within North Wirth Development
District No. 1505, and has approved a Tax Increment Financing Plan (the "TIF Plan"), for
the District to provide assistance to the project area, the TIF District was created and
increments from the district where collected; and
WHEREAS, the County Auditor of Hennepin County (the "County") has certified the
original net tax capacity and the original local tax rate of for Tax Increment District No.
1505, pursuant to the provisions of Minnesota Statutes, Section 469.174 to 469.1799, all
inclusive; and
WHEREAS, by adoption May 21, 2013 of amendments to of P.U.D. 100, North Wirth
Business Center, originally adopted on September 6, 2005, and to P.U.D. 61, Dahlberg
Commerce Center, on originally adopted on September 1, 1992 with subsequent
amendments on November 15, 1994 and May 23, 1995, the parcels for the original district
have been modified; and
WHEREAS, it is the intent of the City that parcels removed from P.U.D. 100, North
Wirth Business Center also be removed from Tax Increment District No. 1505, and that
increment no longer be collected from these parcels.
NOW, THEREFORE BE IT RESOLVED that the City removes certain parcels, as
identified in the attached map, from the Tax Increment District No. 1505, for tax year
payable 2015, as follows:
1. All of PID 19-029-24-13-0040
2. Parts of 19-029-24-13-0051 and 19-029-24-13-0042 that are now added to
P.U.D. 61, Dahlberg Commerce Center (PID 19-029-24-14-0141 and
19-029-24-14-0142).
BE IT FURTHER RESOLVED that the City:
1. Direct the County to discontinue sending increment generated from certain parcels
of County Project Number 1505 to the City after December 31, 2013; and
2. Continue to collect increment generated by County Project Number 1505 through tax
payable year 2029, or until the pay as you go note is defeased, whichever is sooner;
and
Resolution 13-51 - Continued June 1$, 2013
3 Direct the City Clerk provide a certified copy of this resolution to the County Auditor
of Hennepin County as notification of the City's compliance with the special
legislation.
�'f• �
VShepa M. Harris, M y r
ATTEST:
�� V
Susan M. Virnig, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Scanlan
upon a vote being taken thereon, the following voted in favor thereof: Harris, Pentel,
Scanlon and Schmidgall; and the following was absent: Clausen, and the following voted
against the same: none, whereupon said resolution was declared duly passed and
adopted, signed by the Mayor and his signature attested by the City Clerk.
E
Resolution 13-51 - Continued w ° June 18, 2013
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