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Counci]n~?ml,<,r Sorteberg ir, trrx]uced the follr~,~ing resolution, the reading of
<br />which w,_~:; ~ ];~'~ns~d wit:t~ by ~manimous consent, and moved its adoption:
<br />
<br />R~iSOLUTION #88-55
<br />
<br /> CITY OF RAMSEY
<br />COUNTY OF ANOKA
<br />STATE OF MINNESOTA
<br />
<br /> I{~']SOLUTION ADOPTING A MODIFIED DEVELOPMENT PROGRAM
<br />FOR DEVELOPMENT. DISTRICT NO. 1 AND A TAX INCREMENT
<br />V]ib~u~f(K(~ PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 2
<br />
<br />BE Iq' ]{!:;f{~'~f,'V.~:') b.¥ the City Council (the Council) of the City of Ramsey,
<br />[~innes~t<! ,;'l !~" {'.ity) as follows:
<br />
<br /> 1 .fi] :! has been ])rof~d that the City adopt a modified Development
<br />]?r~3rcm [,r,)i ~:veioL~ent District ~k). i and a Tax Increment Financing Plan
<br />for Ta'.~ L~::~oen% Financir, g District No. 2 therein, all pursuant to and in
<br />ac:cordonnet.,', u J-th ~m~esota Statu. tes, Sections 469.124 through 469.134 and
<br />[4"._iI]ite~)t~.~.~j:~¥!~t~.~S, Sect:ions 469.].74 through 469.179.
<br />
<br /> ] ,[i2 '?i :.: (ionncj.]. has investigated the facts and has caused to be
<br />pref_,ar<.d ,~ t~r~f}i:[J.ed Dew~lo[~t]ent Program for Development District No. 1,
<br />descr]i :', ~,,~ I~,: ~,~ctions to ~e undertaken by the City to aid the development
<br />of proi:,,~tV w:Lthin Development District No. 1, and has caused to be
<br />})ref~,~r,~l ~t ~.i,~_::< !r, crement Financing Plan described the specific acts to be
<br />taken ;~: ~._,~.-;:~;t ~'!eve).of:nent within Tax Increment Financing District No. 2.
<br />
<br /> 1.03 '!'l,~ City has }?,~rformed all actions required by law to be
<br />]~rform~{ ].,~ ~cr to the r~dification of ~velo~ment District No. 1 and the
<br />e~ta~bl ;:bm~.t~.~ of ?ax incr~mtent Financing District No. 2 ~d the ado~ion of
<br />a ]~]i'[J~{ '~/e].o]?.ent }?rcz3remt e3nd Tax Increment Financing Plan relating
<br />theret.~.,, ~,~)t~d:[ng, but Dot limited to, notification of ~oka County and
<br />Imoke,,-0cr~,,],.~t~ Inde~mdent School District No. 11; a review by the City
<br />f~].~a~i ~ ~;t~:~; ~- o:[' the mc'~lified Deve].o~ent Pr~r~ for ~velo~ent District
<br />No. ] :~( "l~ Ta>: Increment Financing Plan for Tax Increment Financing
<br />bJ.st~:J~ '[. ~<~.~ 27 ~nd ho]ding a p~lic hearing r~arding the pr~r~ and the
<br />Plan u{~r, ,.t~ no'rice ~s is r~luired by law.
<br />
<br /> ] ,(1(. '~'t e m¢.dified I~':velol.~ent Program and Tax Increment Financing
<br />]?].~,~ ~-~ c~,~ ~:~:[ned ir~ a document entitled "Modified Development Progra,
<br />Deve].o~e~r,- ]::[s;t~.ict No~ [~ ~nd Tax Increment Financing Pi~, Tax Increment
<br />Pinanc~,~? ~:~;[:ric:~ ~b,, 2~ City of ~sey, Minnesota", dated February 24,
<br />].987, ~,~/~ ,~, ~[i] e ].n the office of the City ~inistrator.
<br />
<br />Resolution #88-55
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