Resolution - #89-04-078 - 04/25/1989

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Memhe.,~ .De[~_l~:/~. ~_., introduced the following resolution and moved its adoption: C]-TY OF RAMSEY T~E$OLUTION NO. 89-04-78 }~E~IOLUT£ON CALLING FOR A PUBLIC HEARING ON THE ADOPTION OF A TAX I~CREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 5 I!/~4G',~;~ ibc, City (:oo. ncii by prior action has established Development DJstr:ir:i ~':~,~ I (DeveJ. oprr~ent DJ.s~:~:ict) pursuant to Minnesota Statutes, Sections z~69~124. ,:~:,,~?~ 469.13z~ a~,~t has established several tax increment financing distr:icts; ,.~:~:t~:~ Deve]opme~:~t DJ.strict No. 1 pursuant to Minnesota Statutes, Secti(m~; /.(.q' 1;/: t~?ougb 469~179; and I~![:[Eti~.A:': ~ '-'he CJ ty r;oon, cil believes it is necessary to establish Tax Increment E:i ~;~:e:i.t~g Di~:t~-:~c~.: No. 5 within the Development District. r.g~W~ ~.~'~'.~:', ~"O~1.:. gE IT IlI.'.SOLVED By the City Council of the City of Ramsey, 1. T}~e (:i~ ~'~mi~,istrator Js hereby authorized and directed to cause to be p~:ep~ :~ Tax Increment Financing Plan (Plan) for TIF District No. 5 and to i'i[..~ :~ ~.~py thereof in city hall. Tl~e (~i~TM ,~c~.mi~strator Js hereby authorized and directed to submit the P]a~ ::~ ~,~ sct, oo] hoard and county for cogent and to notify the same of the ~'~:~,~ ;~,~,.~ place of 1:he bearing on the Plan to be held before the City 3. The (.::~ :V /'~l~:[n[strator is authorized and directed to prepare a notice for p~b]'i,:,~:~f~ Jn t[~e official newspaper setting a public hearing before the CJ~:} :~-,~ ~ e,,~ the 9th day of May , 1989, at 7:30 p.m. in the c(~',.~: ~ ,.[ ~he;cs on the PI. an. ~e notice shall be published in the newf.]+;q,-~, .tt: least ]0 hot not more than 30 days prior to the public 4. The (~i~: ,.~]~c[,~f~:trator is authorized and directed to take all other actJ~,~ ,~ess~ry to b~:J~r~g the Plan before the City Council at the time of tq,~ ~b'~?c he;~ring~