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Councilmember i
<br />
<br />introduced the following resolution and moved for its adoption:
<br />
<br /> RESOLUTION #94-12-
<br /> RESOLUTIONi. APPROVING A MODIFIED DEVELOPMENT PROGRAM FOR
<br /> DEVELOPME~T~;-- DISTRICT NO. 1 AND A MODIFIED TAX INCREMENT
<br /> FINANCING P~r AN FOR TAX INCREMENT FINANCING DISTRICT NO. 2
<br /> NOW TIIEREI~ORE, BE IT RESOLVED BY THE CITY COUNCIL, OF THE
<br /> CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows:
<br />
<br /> Section 1. Re~citals
<br />
<br /> 1.01. That the ~ity of Ramsey (City) approved the creation of Development District No. 1
<br /> (Developr~ent District) and adopted a program (Program) for the Development District in
<br /> accordancg with Minnesota Statute, Section 469.124 through 469.134 (Development
<br /> District Ad, t) on August 27, 1985.
<br /> 1.02. That the G4ity modified the Program for Development District No. 2 on June 30, 1986,
<br /> t .
<br /> August 12t 1986, June 9, 1987, August 11, 1987, March 29, 1988, Aprd 26, 1988, July
<br /> 26, 1988, l~lovember 14, 1989, April 24, 1990, July 31, 1990 and March 8, 1994.
<br />
<br />1.03. That the C~ty established Tax Increment Financing District No. 1 (TIF District) within the
<br /> Development District June 30, 1986, and expanded on March 29, 1988, and modified the
<br /> Tax Incre4ent Financing Plan (TIF Plan) therefore on March 29, 1988, all pursuant to
<br /> Minnesota ~tatute, Sections 469.174 through 469.179 (TIF Act).
<br /> 1.04. That the City has determined that it is necessary to modify the P,,r. ogram and the TIF Plan
<br /> and has authorized the preparation of the document entitled Modified Development
<br /> Program, I~evelopment District No. 1, Modified Tax Increm,,ent Financing Plan, Tax
<br /> Increment ~inancing District No. 2, City of Ramsey, Minnesota, dated October 21, 1994.
<br />
<br />1.05. That the mc}dified Program and Plans were, in accordance with the Development District
<br /> Act and T~ act (collectively, Acts), referred to the Ramsey Planning Commission, which
<br /> found that t~ey conform to and are not in conflict with the general plan for the development
<br /> of the City Ss a whole.
<br />
<br />1.06. That copiesiof the modified Program and TIF Plans have been forwarded to Independent
<br /> School Dist~ct No. 11 and to Anoka County along with a notice of the public hearing as
<br /> required by ~e Acts.
<br />
<br />1.07. That the Cit?y Council has fully reviewed the contents of the modified Program and TIF
<br /> Plan and ha~s this date conducted a public hearing thereon at which the views of all
<br /> interested parsons were heard.
<br />
<br />Section 2. Find~gs; Development District
<br />
<br />2.01. That the Cit~, Council finds that the modified Program for Development District
<br /> No. 1
<br /> is
<br /> intended ano:,~ in the judgement of the Council, its effect will be to provide an impetus for
<br /> commercial [and industrial development in the City, increase employment, and otherwise
<br /> promote the[puNic purposes and accomplish the objectives as specified in the modified
<br /> Program.
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