Agenda - Council - 12/13/2011 - Laserfiche WebLink

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MODIFIED DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 A. Introduction The City created its Development District No. 1 on August 27, 1985 in order to promote development in a portion of the southeastern area of the City. The Development District was subsequently expanded on June 30, 1986, March 29, 1988, December 13, 1994 and March 24, 1998. B. Definitions For the purposes of the Development District Program and Tax Increment Plan, the following terms shall have the meanings specified below, unless the context otherwise requires: "Administrative Expenses" means all expenditures of the City other than amounts paid for the purchase of land or amounts paid to contractors or others providing materials and services, including architectural and engineering services, directly connected with the physical development of real property in the District, relocation benefits paid to, or services provided for, persons residing or businesses located in the District, or amounts used to pay interest on, fund a reserve for, or sell at a discount, bonds issued pursuant to §469.178 of the TIF Act Administrative expenses include amounts paid for services provided by bond counsel, fiscal consultants and planning or economic development consultants; "City" means the City of Ramsey, a municipal corporation under the laws of the State of Minnesota; "Comprehensive Plan" means the City's Comprehensive Plan, including the objectives, policies, standards and programs to guide public and private land use, development, redevelopment and preservation for all lands and water within the City; "City Council" or "Council" means the Ramsey City Council; "County" means Anoka County, Minnesota; "Development District Act" means the statutory provisions of Minnesota Statutes, Sections 469.124 through 469.134, inclusive, as amended and supplemented from time to time. "Development District" means Development District No. 1 in the City which was created and established pursuant to and in accordance with the Municipal Development District Act on August 27, 1985, and which was subsequently expanded on June 30, 1986, March 29, 1988, December 13, 1994 and March 24, 1998; "Development Program" or "Program" means the program for development of the Development District adopted by the City pursuant to the Development District Act; synonymous with the term "Project Plan"; "Enabling Act" means Minnesota Statutes, Sections 469.124 to 469.134, as amended and City of Ramsey Development District No. 1 Modification 1