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Council~a~',l~,i~,~ r DeLuca introduced the following resolution and <br />moved fo¥ ~..~ ~doption: <br /> <br />RESOLUTION #87-154 <br /> <br /> RI~JSOLUTION CALLING A PUBLIC HEARING ON T~E PROPOSED <br /> M£~DIFICATION OF DEVELOPMENT DISTRICT NO. 1 <br /> PROPOSED ADOPTION OF T~E MODIFIED DEVELOPMENT PROGRAM <br /> R~:LATING THERETO AND TI~E PROPOSED ESTABLISHMENT OF <br />TAX INCREMENT FINANCING DISTRICT NO. 4 ~ THE PROPOSED <br />ADO}'T~(~N OF THE TAX INCREMENT FINANCING PLAN RELATING TMERETO <br /> <br /> ~ti~F,~i~;AS, the City Council by action on August 27, 1985 <br />adopte~ , D~_velopment Program (the Program) for Development <br /> <br /> ~..~i~.EA,q, Jt is necessary to establish Tax Increment <br />Financ;~% ]~i~tr.;.ct Mo~ 4 within Development District No. 1; <br />and <br /> <br /> ¥~!IF,~,'_EAS, it is necessary to modify the Program to <br />include ,~.d~'~i~t.iona]. property within Development District No. 1 and <br />to include ~.~'~:>~ Increment Financing District No. 4. <br /> <br />NOW TH~;REFOi',.~i, BE IT RESOLVED BY TRE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANO}:iA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> !.. ~',eFevere, Lefler, Kennedy, 0'Brien & Drawz, as <br />special cr,~, Cel.~ is hereby authorized and directed to prepare a <br />modifi,~:io~ to the Program to reflect the additional property <br />and Tax )'~c~ ~,~,~r~l: Financing District No. 4. <br /> <br /> 'Z. The City staff is hereby authorized and directed to <br />take ~iI i c,,:tions necessary to prepare and present the <br />modifi~;~l J('~ of the Program and establishment of Tax Increment <br />Financinl: ~:;-~;tric. t No~ ~ to the City Council as expeditiously as <br />is reas(,~a[,~, ~mssJble. <br /> <br /> ~ The Clerk-Administrator is hereby authorized and <br />dj.r-ect~:d I~. submit said amended Development Program and Tax <br />Increments! Financing Plan to the Anoka-Hennepin School District <br />Board a~,d i<- ihe Artoka County Board for comment. <br /> <br /> ,'~ ~he Clerk-Administrator is authorized and directed <br />to prel~l~ :~ notice for publication in the official newspaper <br />setting ~ p~blJ, c hearing before the City Council on the <br />modifi~'~i' i ~,~ to said Development Program and Tax Increment <br />Finan~:. ~.~?. ~.{:~n on the llth day of August, 1987 at 7:30 p.m. in <br />the Cou~,',i i i:hambers and that: such notice be published at least <br />once .i.~> ~,~_i,l newspaper at least 10 but not more than 30 days <br />prior re, m~,~l-~ :u'~b].ic hearing. <br /> <br />The moti~t~. ~r,: the adoption of the foregoing resolution was duly <br /> Resolution #87-154 <br /> <br />Page i of 2 <br /> <br /> <br />