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CASE # Iq <br /> <br />PROPOSED MODIFICATION OF DEVELOPMENT DISTRICT NO. 1 AND <br />MODIFICATION OF TAX INCREMENT FINANCING PLAN FOR TAX <br />INCREMENT FINANCING DISTRICT NO. 6 <br /> By: James Gromberg, Economic Development Coordinator <br /> <br />Background: <br /> <br />The City of Ramsey, with the construction of the Anoka Electric Cooperative (AEC) <br />Headquarters, created Tax Increment Financing District No. 6 and enlarged Development <br />District No. '1 to accommodate this industrial development. With this evenings site plan <br />review an& approval of the RSP Architects Site Plan, the City now has a better picture of <br />the increment to be generated and the infrastructure required for the industrial park. <br /> <br />Based upon these new projections the City has developed the attached modified <br />Development Plan and Financing Plan for District No. 6. The City Council will be <br />conducting:a public hearing on August 13th to review the modification of the plan. <br /> <br />The Planning Commission should review the attached modified plan for the TIF District <br />No. 6 to determine if it is in compliance with the comprehensive plan for the City of <br />Ramsey. Should the Planning Commission make the determination that the proposed <br />modification is in compliance, then the following motion should be made: <br /> <br />That the planning Commission has reviewed the modified development program for <br />Development Distr/ct No. i, and the modified Tax Increment Financing Plan for Tax <br />Increment Financing District No. 6 and has determined that it is in compliance with the <br />comprehensive plan for the City of Ramsey. <br /> <br />Commission Action: <br /> <br />Motion that the Ramsey Planning Commission has reviewed the modified development <br />program for-Development District No. 1, and the modified Tax Increment Financing Plan <br />for Tax Increment Financing District No. 6 and has determined that it is in compliance with <br />the comprehensive plan for the City of Ramsey. <br /> <br />Reviewed by: <br /> <br />City Adminislrator <br />Economic Development Coordinator <br /> <br />PC: 08/06/96 <br /> <br />Copies also distributed to: <br />Zoning Adminisn-ator <br /> <br /> <br />