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

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SECTION I - MUNICIPAL ACTION TAKEN Based upon the statutory authority described in the Development Program attached hereto, the public purpose findings by the City Council and for the purpose of fulfilling the City's development objectives as set forth in the Development Program, the City Council has created, established and designated Municipal Development District No. 1 pursuant to and in accordance with the requirements of Minnesota Statutes, Section 469.126. The following municipal action was taken with regard to the Tax Increment Financing Districts located within Municipal Development District No. 1: Tax Increment Financing District No. 1: August 27, 1985: The Tax Increment Financing Plan for Tax Increment District No. 1 was adopted by the City Council. August 12, 1986: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to expand the boundaries of the TIF District, increase the duration of the TIF District and restate the budget within the TIF Plan. June 9, 1987: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to increase the budget. April 26, 1988: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to increase the budget. June 21, 1988: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council. November 14, 1989: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council. December 13, 1994: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to increase the budget. November 24, 1998: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to restate the budget. December 14, 1999: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to increase the budget. June 24, 2003: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to increase the budget. December 9, 2008: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to restate the budget. December 8, 2009: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was modified by the City Council to amend the budgets and land identified for acquisition. City of Ramsey Municipal Action Taken 1-1