Laserfiche WebLink
CouncJ]~>emb~_~ Sorteber9 introduced the following resolution, the <br />readin~.i ~_J which was dispensed with by unanimous consent, and <br />moved (<c~ <-~ ack',l~ion~. <br /> <br />RESOLUTION $87-175 <br /> <br />RESOLUTIOI~{ ADOPTING A MODIFIED DEVELOPMENT PROGRAM FOR <br />DESYELOPMgNT DISTRICT NO. 1 AND A TAX INCREMENT FINANCING PLAN FOR <br />TAX IN(~q~L~4E~.' FINANCING DISTRICT NO. 4 <br /> <br /> b!~ IT RESOLVED by the City Council (the Council) of the <br />Cj.t~ oy ~:~,~,~,<?,, M~.nnesota (the City) as follows: <br /> <br /> :~..0[ it has been proposed that the City adopt a <br />modi£5~i l-,e~elo$f~ment Program for Development District No. 1 and a <br />Tax tr:,c'r~<~-~c~ t Financing Plan for Tax Increment Financing District <br />No. 4 th-~.:~ all pursuant to and in accordance with Minnesota <br />Statut~,~:< .<:ections 469.124 through 469.134 and Minnesota <br />Statt-lt~ ~,< ;:j.or~s 469,]74 through 469.179. <br /> <br /> .i.;.i~ .The Council has investigated the facts and has <br />caused -i~ be prepared a modified Development Program for <br />Develop~i,~,~i. District No. ]., describing the actions to be <br />undertak~,~~ L? the City to aid the development of property within <br />Develop~,~-,n~~ l):~.strict No, ], and has caused to be prepared a Tax <br />increme~ Finan~ing Plan describing the specific acts to be taken <br />to ass:i~l ~!c,?e.to~ent within Tax Increment Financing District No. <br /> <br /> i o(}~ The City has performed all actions required by <br />law to t~c }>o. rformed prior to the modifications of Development <br />Distric~ ~.:h:., ]. and the establishment of Tax Increment Financing <br />Distri~'"! b',(<,, ~. and the adoption of a modified Development Program <br />and Ta~ ),?,c~:~ment Financing Plan relating thereot, including, but <br />not ]i'mJi.~d !~o~ notification of Anoka County and Anoka-Hennepin <br />Indet.~.o~de~t ~k'hool District No. 11; a review by the City Planning <br />Staff o:~ '~ ~ modified Development Program for Development <br />District ~'~ il. and the Tax Increment Financing Plan for Tax <br />Increm~l~t I?i~ancing District No. 4; and holding a public hearing <br />rega:~.~('~J~t~ ~ !.:e Program and the Plan upon such notice as is <br />requi ):'~ ~J } .,y 'b ~. <br /> <br /> i~{!,' The modified Development Program and Tax <br />Increr~(~.~; Fi. nanc;[ng Plan are contained in a document entitled <br />"Modif.i(~; D~':¥'e].ot~T~ent Progrom, Development District No. 1 and Tax <br />Increm,~ni vJ;,m~cjng Plan, Tax Increment Financing District No. 4, <br />City o31 ~!~m;~s~<!?, Minnesota", dated August 11, 1987, and on file in <br />the off it(. ~i~i the City Ar3ministrator. <br /> <br />~-.><:~ ior)?,,, Findinqs Related to the Modification of <br /> <br /> The Council hereby finds that the modification of <br />!~.i. st~ict Noo 1 is intended, and in the judgment of <br /> Pesol ution #87-175 <br /> <br />Page I of 3 <br /> <br /> <br />