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Councilmember
<br />
<br />introduced the following resolution and moved for its adoption:
<br />
<br />RESOLUTION # 03
<br />
<br />RESOLUTION APPROVING THE AMENDMENTS TO THE TAX INCREMENT FINANCING PLANS
<br />FOR TAX INCREMENT FINANCING'DISTRICT NOS. 1, 2, 4, 6 and 8 WITHIN MUNICIPAL
<br />DEVELOPMENT DISTRICT NO. 1
<br />
<br /> WHEREAS, A. The City of Ramsey, Minnesota (the "City"), has heretofore created Municipal
<br />Development District No. 1 and adopted a development program therefor, and has created Tax Increment
<br />Financing Ditrcts Nos. 1, 2, 4, 6, and 8 therein and adopted tax increment financing plans therefor, and it has
<br />been proposed that the City amend the tax increment financing plans, under.the provisions 0fMinnesota
<br />Statutes, Sections 469.124 to 469.134 and 469.174 to 469.179 (collectively, the "Act"); and
<br />
<br />The City Council has investigated the facts and has caused to be prepared proposed
<br />Amendments to the tax increment financing plans for Tax Increment Financing District
<br />Nos. 1, 2, 4, 6 and 8, defining more precisely increased public costs to be included in Municipal
<br />Development District No. 1; and
<br />
<br />The City has performed all actions required by law to be performed prior to the 'proposed
<br />amendments to the tax increment financing plans for Tax Increment Financing District Nos. 1, 2,
<br />4, 6 and 8, including but not limited to, notification of Anoka County and Independent School
<br />D/strict No. 11, and holdin~ of a public hearing upon published notice as required by law; and
<br />
<br />NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE cITy OF RAMSEY, ANOKA
<br />COUNTY, STATE OF MINNESOTA, as follows:
<br />
<br />Municipal Development District No. 1. The City is not modifying the boundaries of Municipal
<br />Development District No. I.
<br />
<br />Development Program. The City is not amending the Development Program for Municipal
<br />Development District No. 1.
<br />
<br />Tax Increment Financing District Nos. 1, 2, 4, 6, and 8. The City is not modifying the
<br />Boundaries of Tax Increment Financing District Nos. 1; 2, 4, 6 and 8.
<br />
<br />Amendments to the Tax Increment Financing Plans. The Tax Increment Financing Plans for Tax
<br />Increment Financing District Nos: 1, 2, 4, 6 and 8 are amended as set forth in the amendments to
<br />the Tax Increment Financing Plans. The City Council makes the following findings with respect
<br />to Tax Increment Financing District Nos. 1, 2, 4, 6 and 81
<br />
<br />(a)
<br />
<br />Tax Increment 1, 2, 4 and 8 when established were established as redevelopment
<br />as defined in Minnesota Statutes, Section 469.174, Sub& (10)(a)(1). Tax Increment
<br />Financing District No. 6 when established was established as an economic development
<br />district as defined in Minnesota Statutes, Section 469.174, Subd. 12. The City reaffin-ns
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