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Member <br />adoption: <br />introduced the following resolution and moved its <br />RESOLUTION NO. #19-143 <br />RESOLUTION APPROVING THE MODIFICATION TO THE <br />DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 <br />AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. <br />17: DELTA MODTECH WITHIN DEVELOPMENT DISTRICT NO. 1 <br />AND APPROVING THE TAX INCREMENT FINANCING PLAN <br />THEREFOR <br />A. WHEREAS, it has been proposed that the City of Ramsey, Minnesota (the "City") <br />(1) modify the Development Program for Development District No. the "Development <br />District"); (2) establish Tax Increment Financing District No. 17: Delta M h therein (the "TIF <br />District") and (3) approve and adopt the proposed Tax Increment Fi g Plan therefor under <br />the provisions of Minnesota Statutes, Sections 469.174 to 469.1794, mended (the "Act"); and <br />B. WHEREAS, the City Council has investiga facts and has caused to be <br />prepared the Modification to the Development Progr. .„ the Development District (the <br />"Development Program Modification"), and has cause prepared a proposed tax increment <br />financing plan for the TIF District therein (the "TIF '., and <br />C. WHEREAS, the City has perfo all actions required by law to be performed <br />prior to the approval of the modification of e evelopment District and the establishment of the <br />TIF District therein, and the adoption of evelopment Program Modification and TIF Plan <br />therefor, including, but not limited t., i ication of Anoka County and Independent School <br />District No. 11 having taxing juris. . over the property to be included in the TIF District and <br />the holding of a public hearing upo s i blished and mailed notice as required by law. <br />NOW, THEREFOOE%E IT RESOLVED, by the City Council of the City of Ramsey <br />follows: <br />1. Dev Gment District. The City is not modifying the boundaries of the <br />Development Dis <br />2. Development Program Modification. The Modification to the Development <br />Program for Development District No. 1, a copy of which is on file in the office of the City <br />Administrator, is adopted. <br />3. Tax Increment Financing District No. 17: Delta ModTech. There is hereby <br />established in the City within the Development District, Tax Increment District No. 17: Delta <br />ModTech, an economic development tax increment financing district, the initial boundaries of <br />which are fixed and determined as described in the TIF Plan. <br />4. Tax Increment Financing Plan. The TIF Plan is adopted as the tax increment <br />financing plan for the TIF District, and the City Council makes the following findings: <br />11813768v1 <br />