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CITY OF LITTLE CANADA <br />ORDINANCE NO. <br />AN ORDINANCE DEFINING "MODERATE INCOME" FOR <br />PURPOSES OF TAX INCREMENT HOUSING DISTRICTS IN <br />THE CITY OF LITTLE CANADA <br />The City Council of the City of Little Canada hereby ordains: <br />Section 1. <br />For purposes of determining whether housing projects within the City's tax increment <br />housing districts are intended for persons or families of low and moderate income housing, the <br />term "moderate income" shall mean 150% of the median family income as determined by the <br />United States Department of Housing and Urban Development for Ramsey County. <br />Section 2. <br />This Ordinance shall take effect and be in full force from and after its passage and <br />publication for all existing and future tax increment housing districts. <br />ATTEST: <br />Joel R. Hanson, City Administrator <br />AYES: <br />NAYS: <br />1465199v1 <br />Michael 1. Fahey, Mayor <br />