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Councilme~nber Ii
<br />
<br />introduced the following resolution and moved for its adoption:
<br />RESOLUTION #94-12-
<br />
<br /> RESOLUTIONiAPPROVING A MODIFIED DEVELOPMENT PROGRAM FOR
<br /> DEVELOPMEI!qT DISTRICT NO. 1 AND A MODIFIED TAX INCREMENT
<br /> FINANCING ELAN FOR TAX INCREMENT FINANCING DISTRICT NO. 4
<br />
<br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, OF THE
<br />CITY OF RA~SEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows:
<br />
<br /> Section 1. Re{:itals
<br />
<br /> 1.01. That the ~.,ity of Ramsey (City) approved the creation of Development District No. 1
<br /> (Development District) and adopted a program (Program) for the Development District in
<br /> accordanci~ with Minnesota Statute, Section 469.124 through 469.134 (Development
<br /> District A~t) which was expanded on June 30, 1986, and March 29, 1988.
<br />
<br /> 1.02. That the City modified the Program for Development District No. 1 on August 27, 1985,
<br /> and modif(ed on June 30, 1986, August 12, 1986, June 9, 1987, August 11, 1987, March
<br /> 29, 1988, g, pril 26, 1988, July 26, 1988, November 14, 1989, April 24, 1990, July 31,
<br /> 1990 and i~larch 8, 1994.
<br />
<br />1.03. That the C~,ty established Tax Increment Financing District No. 4 (TIF District) within the
<br /> Developm~,nt District June 30, 1986, and expanded on March 29, 1988, and modified the
<br /> Tax Incren~ent Financing Plan (TIF Plan) therefore on March 29, 1988, all pursuant to
<br /> Minnesota Statute, Sections 469.174 through 469.179 (TIF Act).
<br />
<br />1.04. That the Ci~ty has determined that it is necessary to modify the Program and the TIF Plan
<br /> and has auihorized the preparation of the document entitled "Modified Development
<br /> Program, Development District No. 1, Modified Tax Increment Financing Plan, Tax
<br /> Increment lginancing District No. 4, City of Ramsey, Minnesota," dated October 21, 1994.
<br />
<br />1.05. That the mddified 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 tl~ey conform to and are not in conflict with the general plan for the development
<br /> of the City ~is a whole.
<br />
<br />1.06. That copies[of 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 !he Acts.
<br />
<br />1.07. That the CiO 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 pdrsons were heard.
<br />
<br />Section 2. Findings: Develot~ment District
<br />
<br />2.01. That the Cit~' Council finds that the modified Program for Development District No.1 is
<br /> intended and.~ in the judgement of the Council, its effect will be to provide an impetus for
<br /> commercial hnd industrial development in the City, increase employment, and otherwise
<br /> promote the ~ublic purposes and accomplish the objectives as specified in the modified
<br /> Program.
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