Agenda - Council - 07/09/1985 - Special

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I line o~ said highway, to the southerly line of said Government Lot 3;thence westerly along said southerly line of said Government Lot 3 to the point of beginning. And, Outlot 1, Flintwood Hills, Minnesota. Anoka County, And that part of the Northwest Quarter of the i Northwest Quarter of Section 36, Township 32, Range 25, Anoka County, Minnesota, lying northerly of the centerline of County Road No. 116 as now laid out I I I and .traveled and lying southerly and easterly of i the plat lying easterly of of Flintwood Kills and the westerly 660.00 feet thereof as measured parallel with the north line. PIN R-25-32-25-33-0020/0742094 and R-25-32-25-34-0001/0734156 FURTHER INFORMATION REGARDING THE IDENTIFICATION OF THE PARCELS TO BE INCLUDED IN TAX INCREMENT FINANC- ING DISTRICT NO. 1 CAN BE OBTAINED FROM TEE OFFICE OF TEE ADMINISTRATOR. i Subsection 2.4. Parcels in Ac isition. The City may acquire and reconvey ~-~ parcels identified in Section I, Subsection 1.12 of the Development Program as originally adopted on July 9, 1985. As the City acquires said parcels, i the Tax Increment Plan for Tax ' Financing Increment Financing District No. 1 will be modified to reflect the acquisitions of said parcels. I The following are conditions under which properties not designated to be acquired may be acquired at-a future date: I (1} The City may acquire property by gift, dedication, condemnation or direct purchase from willing sell- I ers in order to achieve the objectives of the tax increment financing plan; and (2) Such acquisitions will be undertaken only when there is assurance of funding to finance the acqui- sition and related costs. i Development Activity Development Subsection 2.5. in District No. 1 for which Contracts have been Signed. Th~ following contracts have been entered into by the City of Ramsey and the persons named below: [Contracts entered into by the City of Ramsey will be inserted in this 'Subsection as they are consummated.] 2 - 6