HomeMy WebLinkAboutCCRes_84-17EXTRACT OF MINUTES OF MEETING OF THE
CITY COUNCIL OF THE CITY
!• OF FALCON HEIGHTS, MINNESOTA
HELD: May 9, 1984
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Falcon Heights, Ramsey County, Minnesota, was duly
held on May 9, .1984 at 7:30 o'clock p.m.
The following members of the Council were present: Mayor Eggert, Council-
members Chestovich, Ciernia, Baldwin and Hard, and the following were absent:
None.
Mayor Eggert introduced the following resolution and moved its adoption:
RESOLUTION 84-17
RESOLUTION ADOPTING DEVELOPMENT PROGRAM AND
TAX INCREMENT FINAPdCING PLAN
WHEREAS:
A. The City of Falcon Heights has heretofore formed Development District
No. 1 and adopted a development program and tax increment financing plan
therefor under the provisions of Minnesota Statutes, Section 273.71 to
273.78 and Chapter 472;
B. The City desires to amend the development program and tax increment
plan for Development District No. 1 to provide for an increase in the amount
of general obligation tax increment bonds to be issued under the tax increment
financing plan;
C. A public hearing was duly held on the amendment of the development
program and the tax increment financing on May 9, 1984 in accordance with
the provisions of the Act; and
D. In accordance with the provisions of the Act, the City Council gave
notice of the public hearing to the members of the Board of Commissioners of
Ramsey County and the School Board of Independent School District No. 623
so that the City Council could give the County and the School District the
fiscal and economic implications of the proposed amendment to the development
program and the tax increment financing plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon
Heights as follows:
1. Development Program. The development program as
entitled "Development District No. 1 (September 22, 1982,
9, 1984) and Tax Increment Financing Plan for an Economic
No. 1 (April 9, 1983)," a copy of which report is on file
City Clerk-Administrator, is adopted as the Development P
District No. 1.
set forth in the report
portions amended May
Development District
in the office of the
rogram for Development
-2-
2. Tax Increment Financing Plan. The tax increment financing plan
as set forth in said report is adopted as the Tax Increment Financing Plan
for Development District No. 1.
3. The findings of the City Council set forth in paragraphs 3 and 4
of Resolution No. 83-24 are hereby ratified and confirmed.
4. Filing. The City Clerk is further authorized and directed to file a
copy of the amended Tax Increment Financing Plan for Development District No.
1 with the Department of Energy and Economic Development.
The motion for the adoption of the foregoing resolution was duly seconded
by Councilmember Ciernia and upon a vote being taken thereon, the following
voted in favor thereof: Mayor Eggert, Councilmembers Chestovich, Ciernia,
Baldwin and Hard and the following voted against the same: None.
WHEREUPON, the resolution was declared duly passed and adopted.
ATTEST:
1
i
Dewan B. Barnes, Clerk Administrator
Regular City Council Meeting of May 9, 1984
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