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Councilmem[~e~- ~i',,~x introduced the following resolution and moved for its <br />adopt] on: <br /> <br />RESOLUTION $87-4 <br /> <br /> AUTHO~Z~ A HDDIFICATION TO THE TAX INCREMENT <br /> PLAN FOR TAX INCREMENT DISTRICT NO. 2 TO AIJM~ <br />~×PENDITURE FOR SITE IMPROVEMENTS AND CALLING FOR A <br /> []EARING ON A MDDIFICATION OF THE DEVELOPMENT PROGRAM <br />lf~BYELOPMENT DISTRICT NO. 1 AND TO THE TAX INCREMENT <br />},7[NANCING PLAN FOR TAX INCREM~ DISTRICT NO. 2 <br /> <br /> WHER~:A,~i~ ~, !~e City Council by action on August 27, 1985 adopted a <br />deve].o~men':, p~ ~m for I~veJ. ol~ent District No. l; and <br /> <br /> WHEREA,-q~ 'i'.!.e City Council by action on June 30, 1986 modified the <br />developmen? [.,~{l~am for Development District No. 1 and adopted a tax increment <br />financing ]~1~'_,~ f{< T~x IncreT~ent Final~cing District No. 2; and <br /> <br /> WHERE~_~, ;;~ '[s necessary to modify the plan to authorize an expenditure <br />for certai), s]4~e improvements not presently mentioned in the Plan; and <br /> <br /> WHERf;AS~ -it :ks necessary to modify said program and plan to include <br />additional ~ro~.{u L~ within the development district and tax increment financing <br />distr] ct~ <br /> <br />NOW ~HERE~)RE, B~'; IT RESOLVF~) BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA <br />OOUNTY, STATE OP ~4fNNESOTA, as follows: <br /> <br />h4le-,?~.,. ~ Lefler, Kennedy, O'Brien & Drawz, as special counsel is <br />he~;el~/ ,~uthorized and directed to prepare a modification to the <br />fin.~.~¢dng pl.~m for Tax Increment Financing District No. 2 to allow <br />f(~)~ ,-.e)_t dn site improvements and to prepare modifications to said <br />d(~:el_o[~uent t)rogr~m~ a~nd tax increment financing plat to reflect the <br />add [i'](,t_~ ~l property. <br /> <br />2) <br /> <br />The. jty Xtaff is hereby authorized and directed to take all actions <br />nece,~{~..VZ t-.o prepare and present the modification of the Plan to the <br />C;i t,.z ('~.,u ~.c, jl ~ e×Emditiously as is reasonably possible. <br /> <br />3) <br /> <br />The .. it ex '.:..-A&',inistr. ator is hereby authorized and directed to submit <br />s~,i~i ~me~ded develo~xnent program and tax increment financing plan to <br />'the ~i;}?opriate school board and to the Anoka County Board of <br />(k~nm;:::~:f~ners for comment~ <br /> <br />4) <br /> <br />{~1.~,~-',,-f{~inist:rator J.s authorized and directed to prepare a notice <br />i.catJon in the official newspaper setting a public hearing <br />lhe City CotmcJ.1 on the modifications to said development <br />~nd tax increment financing plan on the 24th day of February, <br />1:30 p.m. in the Council Chambers and that such notice be <br />pt-:bi;i.,-.3.i]e,'! at least once in said newspaper at least 10 but not more <br />~i~.~?Vs prior to such public hearing. <br /> <br /> <br />