|
Cout~,:J !;,~ [,i ~, £,e~,u¢~ ir..t~.(x~uced the following resolution, the reading of
<br />whi.~'.b ~;~::'. ~ i ',|.en::e(! wi. th by unanimous consent, and moved its adoption:
<br />
<br />I~SOLU~ION %88-56
<br />
<br /> CITY OF RAMSEY
<br />COUNI% OF ANOKA
<br />g_PATE OF MINNESOTA
<br />
<br />:~,ESOii,UTION ADOI'£ING A MODIFIED DEVELOPMENT PROGRAM
<br /> DEYEI~OPMENT DISTRICT NO. 1 AND A TAX INCREMENT
<br /> PI,AN FOR T~X INCREMENT FINANCING DISTRICT NO. 4
<br />
<br />l~.; ~"' !:I.i~,¢~I_!i,V~i) by the City Council (the Council) of hte City of
<br />
<br /> :111 ~ ha:-, been prOl×>sed that the City adopt a modified Development
<br />Prc4~,~.~,~ ~, ,. ~veloI~nent ],istrict No. ]. and a Tax Increment Financing Plan
<br />for '~,.::~ ~'<:~ ~i~e~fi Finar, cin9 District No. 4 therein, all pursuant to and in
<br />accor(~,-.;,t,:< ~.,i.'~h ~'ij~'~2e~4ot~_~cu_kD~, Section 469.124 through 469.134 and
<br />~il~te~;9~i, ~., ~,;!_. ~t~t~s, Sect J. on.q 46 9 o 17 4 through 46 9.17 9.
<br />
<br /> ? ,.!1-'. '~' )., Cou~cil ba~; investigated the facts and has caused to be
<br />}?rej,~_~<~! ~ ~... '(JJ.J_J~d Deve].%:~r, ent Program for Development District No. 1,
<br />de,~;c'.r:il,:i~, :]~c: ~<:l.:ions~ l:o be undertaken by the City to aid the development
<br />of ].>r,,~..(:~.iF ,,~.,itb. J.n Dew'.]_o-.~nent District No. 1, and has caused to be
<br />pre~?~ ,~l ,~ '.~' ,_~ L-,crement Financing Plan describing the specific acts to be
<br />tak~:~. ~,, , '~:~ .,.t develo-[~:nent within Tax IncreJnent Financing District No. 4.
<br />
<br />(.:i.ty has i~rformed all actions required by law to be
<br />lo the modification of Development District No. 1 and the
<br />of Tax Ir, c~. en'..ent Financing District No. 4 and the adoption of
<br />~zcl-,l~ent~ Progrm'a ~nd Tax Increment Financing Plan relating
<br />ir,.;.l!¢l:[r~(t~ but Dot limited to, notification of Anoka County and
<br />Inde[~ndent School District No. 11; a review by the City
<br />¢>~ the ntcxliiJed Development Program for Development District
<br />!,~ 5;a:, Incremrmt Financing Plan for Tax Increment Financing
<br />and ho]djr;(3' a public hearing regarding the Program and the
<br />n,,~:Jce ;_~s J.~: required by ].aw.
<br />
<br /> ),.(~ '~',.~: m~.~{lJfied })evelo~x~ent Progr~a and Tax Increment Financing
<br />l'.qau ~-~ ,. ~,.:~j~,c-{ irJ ~ (.'ocument entitles "Modified Development Program,
<br />Dev.?lo: ,',~,r! i.;.r~t~' J.t~.t iqo. ] and Tax Increment Financing Plan, Tax Increment
<br />Fir,.a]~.r~.i~,I ~.,~ :t:rJct: No. 4r City of P, am. sey, Minnesota", dated March 29, 1988,
<br />an(] ~, ,.'i !. :l~ t'~[,e o:['J!:ice of t:he City 3ftministrator.
<br />
<br />Resolution %88-56
<br />
<br /> Page 1 of 3
<br />
<br />
<br />
|