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Councilmember Cox introduced the following resolution, the <br />reading of which was dispensed with by unanimous consent, and <br />moved its adoption: <br /> <br /> CITY OF RAMSE¥ <br />COUNTY OF ANOKA <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 85-169 <br /> <br /> RESC~UTION APPROVING ~HE ESTABLISHMENT OF <br /> DEVELOPMENT DISTRICT NO. 1 AND THE DEVELOPMENT <br /> PROGRAM RELATING THERETO AND ESTABLISHING TAX <br /> INCREFENT FINANCING DISTRICT NO. 1 AND APPROVING <br />5HE TAX INCREMENT FINANCING PLAN RELATING THERETO <br /> <br /> BE IT RESOLVED by the City Council (the "Council") of the <br />City of Ramsey, Minnesota (the "City"), as follc~s: <br /> <br />Section 1. Recitals <br /> <br /> 1.01 It has been proposed that the City establish <br />Develo~ent District No. 1 and extablish Tax Increment Financing <br />District No. 1 therein and approve and adopt the proposed <br />Development Program and proposed Tax Increment Financing Plan <br />with respect thereto, all pursuant to and in accordance with <br />Minnesota Statutes, Chapter 472A, as amended, and Minnesota <br />~, Sections 273.71 to 273.78, inclusive, as amended. <br /> <br /> 1.02 The Council has investigated the facts and has caused <br />to be prepared a proposed Modified Development Program for <br />Development District No. 1, defining more precisely the property <br />to be included in Development District No. 1 and describing the <br />action to be undertaken by the City to aid the development of <br />Development District No. 1, and has caused to be prepared a <br />proposed Tax IncraTent Financing Plan defining more precisely the <br />property to be included in Tax Increment Financing District No. 1 <br />and other matter relating thereto. <br /> <br /> 1.03 The City has performed all actions required by law to <br />be performed prior to the establishment of Development District <br />No. 1, the establishment of Tax Increment Financing District No. <br />1 and the adoption of the proposed Development Program and <br />proposed Tax Increment Financing Plan relating thereto, <br />including, but not limited to, notification of Anoka County and <br />School District No. 11 having taxing jurisdiction over the <br />property to be included in Tax Increment Financing District No. <br />1, a review by the City Planning Commission of the proposed <br />Modified Development Program for Development District No. 1 and <br />the proposed Tax Increment Financing Plan for Tax Increment <br />Financing District No. 1 and the holding of a public hearing upon <br />published and mailed notice as required by law. <br /> <br /> <br />