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CouncJlmemi~: (;ox introduced the following resolution and moved <br />for its aq.,)pt i.)',~:: <br /> <br />RESOLUTION #87-93 <br /> <br /> RESOLUTION ADOPTING A <br />DEVELOPMENT PROGRAM FOR DEVELOPMENT <br />DISTRICT NO. 2 AND A TAX INCREMENT FINANCING <br /> PLAN FOR TAX INCREMENT FINANCING <br /> DISTRICT NO. 3 <br /> <br />BE IT ~E~(i~',V~:D by the City Council (the Council) of the City of <br />Ramsey, M[~'~,~.u~ta (the ity) as follows: <br /> <br /> ~{)J it has been proposed that the City adopt a <br />Deve]o ~',~,~ Program for Development District No. 2 and a Tax <br />Increme~ I:JuancJ. ng Plan for Tax Increment Financing District No. <br />3 therein, ~;]1 pursuant to and in accordance with Minnesota <br />Statute~ ~bapuer /~72A, as amended, and Minnesota _~tatutes, <br />Section~ .2 3~'7'1. to 273.78, inclusive, as amended. <br /> <br /> .0~ The Council has investigated the facts and has <br />caused ~ ~ L.~ prepared a Development Program for Development <br />DistrJ~;~ ~<'~ 2, describing the actions to be undertaken by the <br />City to ~ id the development of property within Development <br />District; ~'~ 2, and has caused to be prepared a Tax Increment <br />Financ_{u~ k]~,~ describing the specific acts to be taken to assist <br />develop~,~ within Tax Increment Financing District No. 3 . <br /> <br /> i,0[~ The City has performed all actions required by <br />law ~o 1,~~ ~,<rformed prior to the establishment of Development <br />District 4<~ 2 and Tax Increment Financing District No. 3 and the <br />adopt_;c~ ~ i~h.c, Deve].opment Program and Tax Increment Financing <br />Plan ~ ~'t ~ t ng thereto, including, but not limited to, <br />notJ_fi~ i~u of Anoka County and Anoka-Hennepin Independent <br />School '])..'~J~'.JC.J~ ]"JO. 1]. ; 8 review by the City Planning Commission <br />of the ])~?,~e]~.pme~t Program for Development District No. 2 and the <br />Tax Incr~m~.e~i~ Financing Plan for Tax Increment Financing District <br />No. 3:~ x~,d h~.dJng a public hearing regarding the Program and the <br />Plan up(,r, :;u~b ~x~ti.ce as it required by law. <br /> <br /> i,©4 ~The Development Program and Tax Increment <br />FinanciJ.,~ 'P]~ are contained in a document entitled "Development <br />Program, i~.~v-~Lopment District No. 2 and Tax Increment Financing <br />Plan, ,i.'~: !'~crement I,'inancing District No.3 , City of Ramsey, <br />Mj. nneso~'.'L', ~lated April 27, 1987 and on file in the office of the <br />City Adr,:J~ti.~;~ ttor~ <br /> <br />'.J~,~:t~;_o~, 2. FindJng. s Related to the Establishment of <br /> <br /> Z.01i. The Council hereby finds that the establishment <br />of Deve'i'.,~m~e~L District No. 2 is intended, and in the judgment of <br />the Coo~(: i'i . its effect will be to provide an impetus for <br />commeruJa! (level opment in the City, increase employment, and <br /> Resolution #87-93 <br /> <br />Page i of 3 <br /> <br /> <br />