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I. DEVELOPMENT PROGRAM FOR <br /> <br />AMENDED AND RESTATED <br />DEVELOPMENT DISTRICT NO. 1 <br /> <br />A. Introduction. <br /> <br /> The City created its Development District No. 1 on August 27, 1985 in order to <br />promote development in a portion of the southeastern area of the City. The Development <br />District was subsequently expanded in on June 30, 1986,_March 29, 1998 and December 13, <br />1994. <br /> <br />Within the Development District, the City created T[F District No. 1 on August 27, 1985 (a <br />redevelopment district); TIF District No. 2 on June 30, 1986 (a redevelopment district); TIF <br />District No. 4 on August 11, 1987 (a redevelopment distric0; TIF District No. 5 on April <br />24, 1990 (an economic development districO and TIF District No. 6 on September 12, 1995 <br />(an economic development district). <br /> <br /> The City has now determined that it has long-term development and redevelopment <br />needs in an area adjacent to the existing Development District. To more efficiently meet <br />those needs, the City has proposed to expand the boundaries of the Development District to <br />include such additional area.. The City has also proposed to modify the TIF Plans for TIF <br />Districts Nos. 1, 2, 4, and 6 in order to authorize additional tax increment expenditures as <br />necessary to stimulate development in accordance with the modified Development Program <br />for the Development District. <br /> <br /> This document contains the modified Development Program for the expanded and <br />consolidated Development District No. 1, as well as the modified TIF Plans for TIF <br />Districts Nos. 1, 2, 4 and 6 within modified Development District No. 1. This Development <br />Program and all TIF Plans herein are intended to incorporate all prior Development <br />Programs for Development Districts No. 1 all prior TIF Plans for the identified TIF <br />Districts, which prior Programs and Plans remain in effect extend to the extent modified <br />herein. <br /> <br />B. Definitions. <br /> <br /> For the purposes of the Development Program and each TIF Plan, the following <br />terms shall have the meanings specified below, unless the context otherwise requires: <br /> <br /> "City" means the City of Ramsey, a municipal corporation under the laws of the <br />State of Minnesota. <br /> <br /> "Comprehensive Plan" means the City's Comprehensive Plan, including the <br />objectives, policies, standards and programs to guide public and private land use, <br />development, redevelopment and preservation for all lands and water within the City. <br /> <br />"City Council" or "Council" means the Ramsey City'Council. <br /> <br />SJB-151910 <br />RA125-52 1 <br /> <br /> <br />