CCRes_01-06 - Laserfiche WebLink

Home Browse Search

• CITY OF FALCON HEIGHTS RAMSEY COUNTY STATE OF MINNESOTA ~~~ Mayor Gehrz introduced the following resolution and moved its adoption: RESOLUTION NO. 01-06 RESOLUTION ADOPTING THE MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND ADOPTING THE MODIFICATION TO THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NOS. 1-2 AND 2-1 THEREIN. BE IT RESOLVED by the City Council (the "Council") of the City of Falcon Heights, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City has heretofore established Development District No. 1 and adopted the Development Program therefor and established Tax Increment Financing Districts Nos. 1-2 and 2-1 therein and adopted the Tax Increment Financing Plans therefor. It has been proposed that the City adopt a modification to the Development Program for Development District No. 1 (the "Program • Modifications") and adopt modifications to the Tax Increment Financing Plans (the "Plan Modifications") (the Program Modifications and the Plan Modifications being collectively, the "Modifications") for Tax Increment Financing Districts Nos. 1-2 and 2-1 (the "Districts"), all pursuant to and in conformity with applicable law, including Minnesota Statutes, 469.124 through 469.134, and Sections 469.174 to 469.179, inclusive as amended (the "Act"), all as reflected in the Modifications, and presented for the Council's consideration. 1.02. The Council has investigated the facts related to the Modifications and has caused the Modifications to be prepared. 1.03. The City has performed all actions required by law to be performed prior to the adoption and approval of the proposed Modifications, including, but not limited to, notification of Ramsey County and Independent School District No. 623 having taxing jurisdiction over the property in the Districts, and the holding of a public hearing upon published notice as required by law. 1.04. The City is not modifying the boundaries of Development District No. 1, but is, however, modifying the Development Program therefor. Section 2. Findings for the Plan Modifications 2.01. The Council hereby reaffirms the original findings for the Districts, namely that when District 1-2 was established, it was established as a "housing district" under Minnesota Statutes, Section 469.174, subd. 11., and when District 2-1 was established, it was established as a "redevelopment district" under Minnesota Statutes, Section 469.174, subd. 10(x)(1). In addition, the City makes the following fmdings: • a) The Plan Modifications conform to the general plan for development or redevelopment of the City as a whole. The reason for supporting this finding is that the Plan Modifications will generally compliment and serve to implement policies adopted in the City's