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Memb er <br />its adopt <br /> <br />introduced the following resolution and moved <br /> <br /> CITY OF RAMSEY <br />RESOLUTION NO. 88-69 <br /> <br />}<~{SOI.UTION APPROVING A MODIFIED DEVELOPMENT PROGRAM <br /> FOR DEVELOPMENT DISTRICT NO. 1 AND MODIFIED <br /> 'FAX iNCREMENT FINANCING PLAN FOR TAX INCREMENT <br /> FINANCING DISTRICT NO. 1 <br /> <br /> BE iT k.:9~(}I,VED By the City Council of the City of Ramsey, Minnesota as <br />follows: <br /> <br />Recitals <br /> <br /> 1.0)~ ';%~ City of Ramsey (City) approved the creation of Development <br />District No. ? (District) and adopted a program (Program) for the District in <br />accordance with Minn. Stat. Sections 469.124 through 462.134 (Development <br />District Aci> ou August 27, 1985, and modified the Program on June 30, 1986, <br />August I2~ !o~6 and .June 9, 1987. <br /> <br /> 1,0;;0 T'h~: City also approved the creation of Tax Increment Financing <br />District No~ I (TIF District) and adopted a plan (Plan) for the TIF District <br />pursuant ~:,~ M:nn. Stat., Sections 469. 174 through 469. 179 (TIF Act) on <br />August 27~ !qgS~ and modified the Plan on August 12, 1986 and June 9, 1987. <br /> <br /> 1.03~ (:ha,~ges in the nature of the public and private improvements to be <br />constructed h;.t've prompted the need for another modification of the Program and <br />Plan. <br /> <br /> 1.0,'~ Ttm Cit:y has authorized the preparation of a modified Program and <br />Plan whi~:h ~. contained in a document entitled "Modified Development Program, <br />Development Di~:trict No. 1 and Modified Tax Increment Financing Plan, Tax <br />Incremen~ Fiu~-cing District No. 1 , City of Ramsey, Minnesota" (collectively, <br />Plans)~ ,lat~-d ~p~-i] 12, 1988. <br /> <br /> ] .05, l'h~, Program and Plan were, in accordance with the Development <br />District Act a~d TIF Act (collectively, Acts), referred to the Ramsey planning <br />commission, who. ch on even date herewith, found that they conform to and are <br />not in co~J]4c~ with the general plan for the development of the City as a <br />whole. <br /> <br /> 1o06~ ~Xq:,J.es of the modified Program and Plan have been forwarded to <br />Anoka-Hennep~in Independent School District No. 1I and to Anoka County along <br />with a n~t~m c.f the public hearing as required by the Acts. <br /> <br /> 1o0/.. TT~c City Council has fully reviewed the contents of the modified <br />Program and PJ~n and has this date conducted a public hearing thereon at which <br />the view:~ cf: aJ1 interested persons were heard. ' <br /> <br /> <br />