Agenda - Council Work Session - 11/23/2010

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City of Ramsey, Minnesota Section A Definitions The terms defined in this section have the meanings given herein, unless the context in which they are used indicates a different meaning: "Authority" means the Housing and Redevelopment Authority of the City of Ramsey. °City" means the City of Ramsey, Minnesota; also referred to as a "Municipality " . "City Council" means the City Council of the City; also referred to as the "Governing Body " . "County means Anoka County, Minnesota. "Development District" means Development District No. 1 in the City, which is described in the corresponding Development Program. "Development Program" means the Development Program for the Development District. "Project Area" means the geographic area of the Development District. "School District" means Independent School District No. 11, Minnesota. "State" means the State of Minnesota. "TIF Act" means Minnesota Statutes, Sections 469.174 through 469.1799, both inclusive. "TIF District" means Tax Increment Financing (Redevelopment) District No. 14. "TIF Plan" means the tax increment financing plan for the TIF District (this document). Section B Statutory Authorization See Section 2.02 of the Development Program for the Development District. Section C Statement of Need and Public Purpose See Section 2.01 of the Development Program for the Development District. Section D Statement of Objectives See the Development Program for statement of objectives for the Development District. Section E Designation of Tax Increment Financing District as a Redevelopment District Under Chapter 389 — H.F.No. 3729, Article 7 "Public Finance ", Section 22 City of Ramsey; Tax Increment Financing District; Special Rules Subdivision (b) the requirements for qualifying a redevelopment tax increment district under Minnesota Statutes, section 469.174, subdivision 10, do not apply to the parcels located within the district. . SPRINGSTED Pagel