HomeMy WebLinkAboutResolution No. 043-23 - Resolution - Public Hearing on Proposed Property Tax Abatements for Park Improvements
RESOLUTION
Setting a Public Hearing on Proposed Property Tax Abatements for the Purpose
of Issuing Tax Abatement Bonds to Finance Certain Park Improvements.
WHEREAS, Minnesota Statutes, Sections 469.1812 through 469.1815, both inclusive
(the “Act”), authorize the City of Rochester, Minnesota (the “City”), upon satisfaction of
certain conditions, to approve an abatement of all or a part of the taxes levied by the City
on certain property; and
WHEREAS, the City has determined it is the best interest of the City (i) to undertake
financing certain park improvements, including without limitation the Soldiers Field Pool
and Silver Lake Pool and other park improvements included in the accelerated projects
list approved by the Council on January 19, 2022, with tax abatement bonds authorized
by the Act and (ii) to authorize a property tax abatement with respect to various parcels
of land that benefit from such park improvements; and
WHEREAS, the Act requires the City to hold a public hearing prior to adoption of a
resolution approving any property tax abatements:
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of
Rochester, Minnesota, as follows:
1. Hearing. A public hearing on the consideration of authorizing a property tax
abatement in connection with the issuance of tax abatement bonds will be held at the time
and place set forth in the Notice of Hearing attached hereto as Exhibit A and hereby
made a part hereof.
2. Notice. The City Clerk is hereby authorized and directed to cause notice of
said hearing in substantially the form attached hereto as Exhibit A to be given one
publication in a newspaper of general circulation in the City more than 10 days but less
than 30 days before the hearing. The newspaper must be one of general circulation,
interest and readership in the City, and must be published at least once per week.
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PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2023.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2023.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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EXHIBIT A
CITY OF ROCHESTER
NOTICE OF PUBLIC HEARING
REGARDING PROPOSED PROPERTY TAX ABATEMENTS
IN CONNECTION WITH THE ISSUANCE OF TAX ABATEMENT BONDS
NOTICE IS HEREBY GIVEN that the Common Council of the City of Rochester,
Minnesota (the “City”), will hold a public hearing on Monday, March 20, 2023, at a meeting
of the Common Council beginning on or after 7:00 p.m., Central Time, on the proposal to
abate all or a portion of property taxes levied by the City on the parcels listed and depicted
in the maps below (the “Abatement Parcels”).
The purpose of the proposed abatement is to undertake financing certain park
improvements, including without limitation the Soldiers Field Pool and Silver Lake Pool
and other park improvements included in the accelerated projects list approved by the
Council on January 19, 2022.
At the public hearing, the Council will consider an abatement resolution under which the
City will collect the City’s share of property taxes from the Abatement Parcels for a
maximum of 20 years each, and use those revenues to pay for certain park
improvements, including without limitation the Soldiers Field Pool and Silver Lake Pool
and other park improvements included in the accelerated projects list approved by the
Council on January 19, 2022. The total amount of abatement is estimated not to exceed
$20,000,000, representing the aggregate abatement dollars to be collected and
transferred to the City over a maximum of 20 years.
The proposed abatement bonds will not affect tax rates for the Abatement Parcels or
otherwise impact taxation of the Abatement Parcels differently from other parcels in the
City.
The Council will give all persons who appear at or submit comments in writing prior
to the hearing, an opportunity to express their views with respect to the proposal.
Interested persons may file written comments respecting the proposal with the City Clerk
(507-328-2900) at or prior to said public hearing. Interested persons may view and
participate in the meeting both in-person and virtually.
TO VIEW:
- Cable Television. View the meeting on cable TV on Channels 180 or 188
(Spectrum), or Channel 80 (MetroNet).
- Livestream. Livestream the meeting by visiting www.rochestermn.gov/agendas
and clicking the "video/audio" link on the right side of the screen. The video/audio link will
not appear until the meeting has started.
TO PARTICIPATE:
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- Zoom. Join the Zoom meeting by copying this link into a web browser:
https://bit.ly/2OGnZYB or by calling : 1-312-626-6799. The Webinar ID is 912 4541 8192
– Passcode: 162027 – Press *9 to raise your hand. After the clerk invites you to unmute,
press *6.
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- In-Person. Meeting will be held in the Council Chambers at City Hall, located at 151 4
Street SE, in the City. The City welcomes the use of masks and social distancing inside
City facilities.
\[Insert Parcel list and Maps\]
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