Agenda - Council - 12/12/2000 - Laserfiche WebLink

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-154- B. The City Council has investigated the facts and has caused to be prepared a proposed Modification to the Development Program for Development District No. 1 and a proposed Amendment to the Tax Increment Financing Plan for Tax Increment Financing District No. 2 defining more precisely increased pubIic costs to be included in Development District No. 1, and has caused to be prepared a proposed Tax Increment Financing Plan for Tax Increment Financing District No. 8; and C. The City has performed all actions required by law to be performed prior to the proposed adoption of the Modification to the Development Program for Development District No. 1, the proposed adoption of the Amendment to the Tax Increment Financing Plan for Tax Increment Financing District No. 2, and the proposed establishment of Tax Increment Financing District No. 8 and the proposed adoption of a Tax Increment Financing Plan therefor, including, but not limited to, notification of Anoka County and Independent School District No. 11 having taxing jurisdiction over the property to be included in Tax Increment Financing District No. 8 and the holding ora public hearing upon published and mailed notice as required by law; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Ramsey as follows: I. Development District NO. 1. The City of Ramsey is not modifying the boundaries of Development District No. 1. 2. Modification to the Development Progam. The City of Ramsey is modifying the development program for Development District No. 1 to allow for the increased costs associated with Tax Increment Financing Districts Nos. 2 and 8 as described in the respective modifications to the development programs for Development District No. 1, a copy of which is on file in the office of the City Administrator, and the modifiCations to the development programs are adopted as the Modification to the Development Program for Development District No. l. 3. Tax Increment Financina District No. 2. The City is not modifying the boundar/es of Tax Increment Financing District No. 2. 4. Amendment to the Tax Increment Financing Plan. The Tax Increment Financing Plan for Tax Increment Financing District No. 2 is amended as set forth in the Amendment to the Tax Increment Financing Plan. The City Council makes the following findings with respect to Tax Increment Financing District No. 2: (a) Tax Increment Financing District No. 2 when established was established as a redevelopment district as defined in Minnesota Statutes, Section 469.174, Subd. 10(a)(1). The City reaffirms the findings previously made with respect to the establishment of Tax Increment Financing District No. 2. 121229[.2 2 I I I I I I I I I I I I: I I I I I I