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Counci)n~cmbcr Cox introduced the following resolution and moved <br />for its ~dc~,~ ;c>n: <br /> RESOLUTION #87-160 <br /> <br /> R~:SOLUTION CALLING A PUBLIC HEARING ON %]tE PROPOSED <br /> MoDIFICATION OF DEVELOPMENT DISTRICT NO. 1 AND TRE PRO- <br />POSED ADOPTION OF THE MODIFIED DEVELOPMENT PROGRAM RE- <br />],ATiN¢: 3]tERETO AND THE PROPOSED ESTABLISHMENT OF TAX INCRE- <br /> MEN~ FINANCING DISTRICT NO. 4 AND T~E PROPOSED ADOPTION <br /> OF THE TAX INCREMENT FINANCING pLAN RELATING T~ERETO <br /> <br /> %.3?iE.~%EAS, the City Council by action on August 27, 1985 <br />adopted .~ D~,velopment Program (the Program) for Development <br />DistrJc~i ~'~,. ] ; and <br /> <br /> W~~'''~''~,.~,,~.o, it is necessary to establish Tax Increment <br />Financir, g 0.i:;trict MOo 4 within Development District No. 1; and <br /> <br /> WilERF. AS, it is necessary to modify the Program to <br />includr, adr J~ ional property within Development District No. 1 and <br />to include. ~z~;~ increment Fin. ancing District No. 4. <br /> <br />NOW TH~;Ri~FORI!:.~ BE IT RESOLVED BY THE CITY COUNCIL OF T~E CITY OF <br />RAMSEY, ANO}~A ,~UNRaI, S'fATE OF MINNESOTA as follows: <br /> <br /> I) i;hat LeFevere, Lefler, Kennedy, O'Brien & Drawz, as <br />special co~n~el~ is hereby authorized and directed to prepare a <br />modifi~ ,~I ir~t ~o the Program to reflect the additional property <br />and Tax i~:~:m~',:d: Financing District No. 4. <br /> <br /> ?) qbat the City Staff is hereby authorized and <br />directed ¢~, i~-~ke all actions necessary to prepare and present the <br />modifi{~ut io',~ of the Program and establishment of Tax Increment <br />Financin£: District No; ~ to the City Council as expeditiously as <br />is reasor~;fb!y i~ossibl, e. <br /> <br /> .l) :hat the City Administrator is hereby authorized <br />an.d dir,,clr..r! to submit said. amended Development Program and Tax <br />Inc. rem~'~,t '~'ir~ancing Plan to the Anoka-Hennepin School District <br />Board a~d i,: ~ ~r~. Anoka County Board for comment. <br /> <br /> A) ~'hat the City Administrator is authorized and <br />direct:cd ~'.~ prepare a notice for publication in the official <br />newspapr~:t ~.jc[cJng ~ public hearing before the City Council on the <br />modi:~i'~:i{~,~ to said Development Program and Tax Increment <br />FJ. nan. c3t~f ~i! ~n on the 1].th day of August, 1987 at 7:30 P.M. in <br />the Cou~..~i~ ~:ba. mbers and that such notice be published at least <br />once .i.~ s;,.i,l newspaper at: least 10 but not more than 30 days <br />prior tc m~.~:!~, :~ublJ..c hearing, <br /> <br />The moti.~ [o'~' the sdoption of the foregoing resolution was duly <br />second~x, by Cou~cilmember Pearson and upon vote being taken <br />thereon, i}~.~ ~]lowing vot~.d in favor thereof: <br /> Resolution #87-160 <br /> <br />Page 1 of 2 <br /> <br /> <br />