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otherw.is~2 ]:.:-<m, ote certain public purposes and accomplish certain <br />objectJ_'~o.~, ;~ specified in the Development Program. <br /> <br /> ?q~cl:i. on 3. .Findin~_.~Related to the Establishment of <br />T~x_~!f~,:??Q,t ~f.j~'~j:~ng. ?~Ltrict No. 3. <br /> <br /> : (~} :l:t is the opinion of the Council that the <br />propos,:-~: <!i~elopment near the intersection of the 167th Avenue <br />N~W. and iJj ~ ]?ra, ncis Blvd. would not reasonably be expected to <br />occur ::o'i~.'3 through private investment within the reasonably <br />forese~,~i~Je ~u. ture and that: the use of tax increment financing <br />for ce.t'~;,J~, ~Jte improvements within this area is therefore <br />nec e s sa:':y ~ <br /> <br /> 3~.02 T],e Council finds that the Tax Increment <br />FinancJrf.~ l.'.l sn for Tax Increment Financing District No. 3 <br />conform:~ i o ~:he general, plan for development of the City, based <br />upon the :<c:ommendations of city staff and the planning <br />CoIBmJ s S O~ ~ <br /> <br /> ~ (1: The Counc il finds that the Tax Increment <br />Financ ~g: P]ar, for Tax Increment Financing District No. 3 will <br />afford ~,.J>.~:~m opportunity, consistent with the sound needs of <br />the Cily a.a i whole, for development of the District by private <br />ente:pr i~:e~ <br /> <br /> ':!~(,/J The Council further finds that the establishment <br />of Tax 3:~:e~:,e~Tent Financing District No. 3 is intended and, in the <br />judgme:,t :>~ Jhe councJ. 1, its effect will be to promote the public <br />purposez~ ;:~,<, ~ccomplish the objectives specified in the Tax <br />Increme~,~ F.i,~c:.i.r,.g P]_an~ <br /> <br /> fh~c~: ion 4. A._pj~roval of the Develgpment Program and <br />Tax Ir~:j:'?~;f!,J ~!'j:n~?~.i_._ng__P_l~_nz.' <br /> <br /> 4.0J The Development Program for Development District <br />No. 2 an,1 ::{~ ~ Tax Increment Financing Plan for Tax Increment <br />Financing I::::t:'ict No. 3 are hereby approved and adopted. <br /> <br /> 4 O? Tt, e geographic boundaries of Development District <br />o. 2 ~nd ,~- ~fax :fncrement Financing District No. 3 are described <br />in the o~v~:ii opment Program and Tax Increment Financing Plan <br />therefo:: a,,~ ~:-e :i.~morporated herein by reference. <br /> <br /> 4 0': Th.e City Administrator is authorized and directed <br />to tran::,~;! ,2~ certJ, fJ. ed copy of this resolution together with a <br />certifi~,t c~_py of the Development Program and Tax Increment <br />Finan. c./rU~ P)~:n to the Auditor of Anoka County with a request that <br />the or.igj n_~i. assessed valuation of the property within Tax <br />Increm~,'~ ],'Jnan~ing District No. 3 be certified to the City <br />pursum~)t ~:~ ejection 273.76, Subd. 1 of the Tax Increment <br />FinancJr, g A~i- and to fJ.le a copy of the Development Program and <br />Tax Inc~'e'~,,.,.:~;: Financing Plan with the Minnesota Commissioner of <br />Energy ~nd )"~::~tom.((' Developmentt. <br /> <br /> ~: 0/~ The City may at the .appropriate time take action <br />to i['.s,,r r..~c~ se] 1 its general, oblzgation bonds pursuant to the <br /> Resolution #87-93 <br /> <br />Page 2 of 3 <br /> <br /> <br />