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CASE <br /> <br />By: <br /> <br />PROPOSED EXPANSION OF DEVELOPMENT <br /> DISTRICT NO. 1 AND MODIFICATION <br /> OF TAX INCREMENT FINANCING PLANS <br /> FOR DISTRICTS 1, 2, AND 4 <br />James Gromberg, Economic Development Coordinator <br /> <br />Background: <br /> <br />With the construction of the new Anoka Electric Cooperative facility, the City is proposing the <br />expansion of Development District No. 1. This expansion will allow the expenditure of Tax <br />Increment Funds for infrastructure improvements in this area. The expansion of the development <br />district will not result in any changes in tax rates or revenues collected by the county, school <br />district or City. <br /> <br />Observations: <br /> <br />Based upon state law, the change must be in compliance with the comprehensive plan of the City. <br />As the current comprehensive plan shows this area to be industrial with City services, the Planning <br />Commission should review the modified development program and determine that the <br />modifications are consistent with the comprehensive plan of the City of Ramsey. <br /> <br />Recommendation: <br /> <br />City Staff recommends approval of the modification to the Development District No. I and the Tax <br />Increment Financing Plan for Tax Increment Financing Districts No. 1,2, and 4. <br /> <br />Commission Action: <br /> <br />Motion to establish that the Planning Commission has reviewed the modified development program <br />for Development District No. 1 and the Tax Increment Financing Plan for Tax Increment Financing <br />Districts No. 1, 2, and 4, and has determined that the modifications are consistent with the <br />comprehensive plan of the City of Ramsey. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Zoning Administrator <br />Economic Development Coordinator <br /> <br />PC: 12/6/94 <br /> <br />/jkl <br /> <br /> <br />