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Counc:}',nc~;fl~ r Reiiaann introduced the following resolution and moved its <br />adoptio~i: <br /> <br />RESOLUTION #86-83 <br /> <br /> RESOLUTION AUTHORIZING A MODIFICATION TO THE TAX <br />INCREMENT FINANCING PLAN FOR TIF DISTRICT NO. 1 TO <br />~LLOW AN EXPENDITURE OF $136,000 FOR SITE IMPROVEMENTS <br /> AND CALLING FOR A PUBLIC HEARING ON A MODIFICATION TO <br />~i~{]~ DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 <br /> AND TO THE TIF PLAN FOR TIF DISTRICT NO. 1 <br /> <br /> W:U<Ri,;~,[~:, the City Council by action on August 27, 1985 adopted a tax <br />increm,.-nt .';.ii~:lr, cJng plan (the Plan) for TIF District No. 1; and <br /> <br /> Wi~IE~.~O',,~. it is necessary to modify the plan to authorize an expenditure <br />for .,~e~J]~ ~';te improvements not presently mentioned in the Plan; and <br /> <br /> Wi[}':/:~';A,~;: :it is necessary to modify said program and plan to include <br />addjti~n~at p~:~p~.rty within the development district and TIF district. <br /> <br />NOW THi~',_~(I~I~'(~]~?~ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA <br />COUNTY $?PT[! OF MINNE$OTA, as follows: <br /> <br />~'.~F~-~,.,~ere~ Lefler~, Kennedy, O'Brien & Drawz, as special counsel is <br /> a~thorized and directed to prepare a modification to the Plan <br /> the expenditure of up to $136,000 for site improvements and <br /> p."epare modifications to said development program and TIF plan to <br /> the addit:ional property. <br /> <br /> ' ; ~ ~ ~ y staf is hereby authorized and directed to take all lactions <br />~,~,~sary to prepare and present the modification of the Plan to the <br /> Council as expeditiously as is reasonably possible. <br /> <br />3 <br /> <br /> ~]erk-Administrator is hereby authorized and directed to submit <br /> amended development program and TIF plan to the appropriate <br />,,:cbt,o} board and to the Anoka County board for comment. <br /> <br />;}erk-Administrator is authorized and directed to prepare a notice <br />mb].ication in the official newspaper setting a public hearing <br />the City Council on the modifications to said development <br />and TIF plan on the 30th day of June, 1986 at 7:30 p.m. in the <br />Chambers and that such notice be published at least once in <br />new;~paper at ],east 10 but not more than 30 days prior to such <br />hearing · <br /> <br /> TI?: v:ct~_,:n for the adoption of the foregoing resolution was duly seconded <br />by Cour..c.i !~m,,~r (:ox, and upon vote being taken thereon, the following voted in <br /> <br />M~_:7~T, i-i(:~ .~ma~-~, Councilmembers Cox, Reimann, Schlueter and Sorteberg <br /> <br /> <br />