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Counci'i.~,.?n~b ~'c Slorteberg introduced the following resolution and <br /> <br />RESOLUTION #86-114 <br /> <br />it?,,';OLUTION AUTHORIZING A MODIFICATION TO THE TAX <br />INCREMENT FINANCING PLAN FOR TIF DISTRICT NO. 1 TO <br />ALLOW AN EXPENDITURE NOT TO EXCEED $173,000 FOR <br />S~.'E IMPROVEMENTS AND CALLING FOR A PUBLIC HEARING <br /> O?~ A MODIFICATION TO TIlE DEVELOPMENT PRO~RAM FOR <br /> 7)EVELOPMENT DISTRICT NO. 1 AND TO THE TIF PLA}I <br /> TIF DISTRICT NO. 1 <br /> <br /> W~IEREAS, the City Council by action on August 27, 1985 <br />adopi,~d ,~, i-:ax increment financing plan (the Plan) for TIF <br />Dist~ [<'. ~, 1; and <br /> <br /> W!{EREAS, it is necessary to modify the plan to <br />au~ho~,~J~z,.~ ~,~ expenditure for certain site improvements not <br />pres~r~iV ~.~mtioned in the Plan; and <br /> <br /> Wi{~:REAS, it J.s necessary to modify said program and <br />plan ~'~ ~i,~!~de additional property within the TIF district. <br /> <br />NOW THEi%~.,FORE, BE IT RESOLVED BY TME CITY COUNCIL OF TIlE CITY OF <br />RAMSEY, ANO~A COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />i,e?,.¥ve~e, Lefler, Kennedy, O'Brien & Drawz, as special <br />.~o'.~l~se,]_ is hereby authorized and directed to prepare a <br />~',o,~i~ica~'.ion to the Plan to allow the expenditure of up <br /> $].73,000 for site improvements and to prepare <br />,~,~,~ifications to said development program and TIF plan <br />.-cef]ect the additional property. <br /> <br /> City staff is hereby authorized and directed to take <br /> actions ~.ecessary to prepare and present the <br />,~,o.:lifJcati. on of the Plan to the City Council as <br />~.~'~,~_~di. tiously as is reasonably possible. <br /> <br />Ti, a Clerk-Administrator is hereby authorized and <br />d~.~'ected to submit said amended development program and <br />'ri~? pi. an to the appropriate school board and to the <br />A~.-~lc~ Cmmty board for comment. <br /> <br />Clerk--Administrator is authorized and directed to <br />i,,'c~pa~'e a notice for publication in the official <br />~-~c,~:paper s~.tting a public hearing before the City <br />(;o'~mcil on the modifications to said development program <br />TIF plan on the 12th day of August, 1986 at 7:30 <br />in the Council Chambers and that such notice be <br />i~wi~lished at least once in said newspaper at least 10 <br />not more than 30 days prior to such public <br /> <br /> Resolution #86-114 <br /> <br /> <br />