16-045INICIIJ ItIll L4304K[en a 1
RESOLUTION A1, Off; DRAFT
TIF DISTRICT t 2 (OPPIDAN SENIOR
WHEREAS, the City Council has adopted land use and planning items necessary for the
Oppidan Senior Housing Project on Chaska Road; and
WHEREAS, the existing properties have been evaluated by LHB as meeting the blight
test for a Redevelopment Tax Increment District; and
WHEREAS, there are costs associated with the removal of the blight, mitigation of
hazardous wastes on site, site preparation, extension of public utilities to the site, and roadway
improvements that are eligible to be financed with tax increment revenues;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Shorewood adopts the draft Tax Increment Financing Plan for Tax Increment Financing District
2 within Redevelopment Project Area No. 2. and authorizes the City Administrator to deliver the
plan to Hennepin County and the Minnetonka School District for review and comment.
day of June, 2016.
j6A A'
.Je n Panchyshyn, Ci C erk
9-C'6ft Zerb ,May r�