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Councilmember Beahen introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #98-11-278 <br /> <br />RESOLUTION APPROVING AN AMENDED AND RESTATED DEVELOPMENT <br />PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND AMENDED TAX <br />INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS <br />NO. 1, 2, 4 AND 6 <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />Section 1. Recitals. <br /> <br />1.01. <br /> <br />The City previously created its Development District No. 1 (Development District) <br />and a Development Program (Program) therefor, pursuant to Minnesota Statues, <br />Sections 469.124 through 469.134 (Development District Act). <br /> <br />1.02. <br /> <br />Within Development District No. 1, the City has created Tax Increment Financing <br />Districts (TIF Districts) Nos. 1, 2, 4 and 6 and Tax Increment Financing Plans (TIF <br />Plans) therefor, all pursuant to Minnesota Statutes, Sections 469.174 through <br />469.179 (TIF Act). <br /> <br />1.03. <br /> <br />The City has proposed to modify the Development Programs and the TIF Plans, <br />and has caused to be prepared a document entitled "Amended and Restated <br />Development Program for Development District No. 1, and Amended Tax <br />Increment Financing Plans for Redevelopment Tax Increment Financing District <br />Nos. 1, 2, 4 and 6, City of Ramsey, Minnesota," dated November 24, 1998. <br /> <br />1.04. The City has submitted the modified Program and TIF Plans to the City Planning <br /> Commission, which has found that they conform to the comprehensive City Plan. <br /> <br />1.05. <br /> <br />Estimates of the fiscal and economic implications of the modified TIF Plans were <br />presented to Independent School District No. 11 and to Anoka County at least 30 <br />days before the public hearing on the TIF Plans. <br /> <br />1.06. <br /> <br />This City Council has fully reviewed the contents of the modified Program and TIF <br />Plans and on this date conducted a public heating thereon, at which the views of all <br />interested persons were heard. <br /> <br />Section 2. Findings; Development District. <br /> <br />2.01 It is hereby found and determined that within the Development Districts there is a <br />need to improve the tax base and employment opportunities, and to provide an impetus <br />for commercial development. <br /> <br /> <br />