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Cotmcilme~ nbcr (.'ich introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #90-04-108 <br /> <br />RESOLUTION APPROVING A MODIFIED DEVELOPMENT PROGRAM FOR <br />DEVELOPMENT DISTRICT NO. 1 AND A TAX INCREMENT FINANCING <br />PLAN FOIl T?~X INCREMENT FINANCING DISTRICT NO. 5 <br /> <br />NOW TI(IIgREIVORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY~ COIJNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br /> <br />Section <br /> <br />1.01. The City of Ramsey (City) approved the creation of Development District No. 1 <br />(Development District) and adopted a program (Program) for the Development District in <br />accordance with Minn. Stat., Sections 469.124 through 469.134 (Development District Act) on <br />August 27, 19~5~ <br /> <br />1.02. Thc City modified the Program for Development District No. 1 on June 30, 1986, August <br />12, 1986, June 9, t987, August 11, 1987, March 29, 1988, April 20, 1988, July 20, 1988, and <br />November 14, 19:49. <br /> <br />1.03. Thc ('.ity ha~ determined a need to modify the Program for the Development District and to <br />establish a Tax ln.~;rement Financing District No. 5 (TIF District) and a Tax Increment Financing <br />Plan (Plan) therefore, pursuant to the Development District Act and Minn. Stat., Sections 469.174 <br />through 469.179 (TIF Act). <br /> <br />1.04. Thc CJly }las authorized the preparation of a modified Program and a Plan, both of which <br />are contained in a document entitled "Modified Development Program, Development District No. <br />1, and Tax Increment Financing Plan, Tax Increment Financing District No. 5, City of Ramsey, <br />Minnesota," (ta~cd April 24, 1990. <br /> <br />1.05. The modified Program and the Plan were, in accordance with the Development District Act <br />and TIF Act (collectively, Acts), referred to the Ramsey Planning and Zoning Commission, which <br />found that the. y conform to and are not in conflict with the general plan for the development of the <br />City as a whole, <br /> <br />1.06. Copies t~C the modified Program and the Plan have been forwarded to Independent School <br />District N,). 1 / and to Anoka County along with a notice of the public hearing as required by the <br />Acts. <br /> <br />1 <br />1.07. lndt:pe~deni School District No. 11 and Anoka County both notified the City in writing of <br />their intern to waive the 30-day notice period in advance of the public hearing, as provided in <br />Section 469,175, [;ubd. 2 of the TIF Act. <br /> <br />1.08. The City Ccmncil has fully reviewed the contents of the modified Program and the Plan and <br />on this date condu,.:ted a public hearing thereon at which the views of all interested persons were <br />heard. <br /> <br />Resolution #90-04-108 <br />Page 1 of 3 <br /> <br /> <br />