03-22-2000 Council Agenda - Laserfiche WebLink

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CITY OF LITTLE CANADA RAMSEY COUNTY STATE OF MINNESOTA Council member introduced the following resolution and moved its adoption: RESOLUTION NO. RESOLUTION APPROVING THE MODIFIED REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 1; AND APPROVING THE MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-2 THEREFOR. BE IT RESOLVED by the City Council (the "Council ") of the City of Little Canada, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City Council and the Economic Development Authority for the City (the "EDA ") have heretofore adopted a Redevelopment Plan for Redevelopment Project Area No. 1 and adopted a Tax Increment Financing Plan for Tax Increment Financing District No. 3 -2. 1.02 It has been proposed that the City modify the Redevelopment Plan for Redevelopment Project Area No. 1 and modify the Tax Increment Financing Plan for Tax Increment Financing District No. 3 -2, all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 through 469.1081, inclusive, as amended, and Minnesota Statutes, Sections 469.174 to 469.179, inclusive as amended (the "Act "). The 2000 Modifications expand the District and amend the TIF Plan to facilitate the redevelopment of parcels in the Project Area along Little Canada Road between Rice Street and County Road C. 1.03. The Council has investigated the facts and has caused to be prepared the Modified Development Program for Redevelopment Project Area No. 1 and the Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 3 -2 (collectively the "Modifications "). 1.04. 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 School District No. 623 having taxing jurisdiction over the property to be included in District No. 3 -2, notice of the proposed modification of an existing redevelopment district to the local county commissioner, a review of and written comment on the Modifications by the City Planning Commission, and the holding of a public hearing upon published notice as required by law. Section 2. Findings for the Approval of the Modifications 2.01. The Council hereby reaffirms the original findings for Tax Increment Financing District No. 3 -2 as modified herein, namely that Tax Increment Financing District No. 3 -2 is in the public interest and is a "redevelopment district" under Minnesota Statutes, Section 469.174, subd. 10 (a)(1) and that the proposed development would not occur solely through private investment within the reasonably foreseeable future and therefore the use of tax increment financing is deemed necessary, the Modifications conform to Page 21