Resolution - #11-10-182 - 10/11/2011

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Councilmember Elvig introduced the following resolution and moved for its adoption: RESOLUTION #11 -10 -182 RESOLUTION CALLING FOR A PUBLC HEARING BY THE CITY COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE PROPOSED ADOPTION OF THE MODIFICATIONS TO THE TAX INCREMENT FINANCE PLANS FOR TAX INCREMENT FINANCING DISTRICTS NOS. 1 AND 2, BOTH REDEVELOPMENT DISTRICTS WHEREAS, the City of Ramsey has utilized tax increment financing (TIF) to encourage certain types of development or redevelopment that would not normally occur without the use of TIF; and WHEREAS, the City of Ramsey created TIF District No. 1 in 1985 and TIF District No. 2 in 1986, and that both districts were set up as Redevelopment Districts; and WHEREAS, the City of Ramsey needs to modify both TIF districts in a timely manner to change the development program and financing plans. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) Public Hearing. The Ramsey City Council shall meet on December 13, 2011, at approximately 7:00 p.m., to hold a public hearing o the proposed adoption of a Modification to the Development Program for Development District No. 1 and the proposed adoption of the Modifications to the Tax Increment Financing Plans for Tax Increment Financing District Nos. 1 and 2, which are referred to collectively herein as the "Modifications ", all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 to 469.1082, Sections 469.124 to 469.134, and Sections 469.174 to 469.1799, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City. 2) Notice of Public Hearin Filin of Modifications. City Staff is authorized and directed to work with Ehlers & Associates, Inc, to prepare the Modifications and to forward documents to the appropriate taxing jurisdictions including Anoka County and Independent School District No. 11. The City Administrator is authorized and directed to cause notice of the hearing, together with an appropriate map as required by law, to be published at least once in the official newspaper of the City not later than 10, nor more than 30, days prior to December 13, 2011, and to place a copy of the Modifications on file in the City Administrator's office at City Hall and to make such copy available for inspection by the public.