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C. The City has performed all actions required by taw to <br />be performed prior to the creation of Development District No. <br />2 and Tax Increment Financing District No. 2 -1 and the <br />adoption of the proposed development program and tax increment <br />financing plan relating thereto, including, but not limited <br />to, notification of Ramsey County, Independent School District <br />No. 623 and Special Intermediate School District No. 916 <br />having taxing jurisdiction over the property to be included in <br />Tax Increment Financing District No. 2 -1, a review by the City <br />Planning Commission of the proposed Development Program for <br />Development District No. 2, and the holding of a public <br />hearing upon published and mailed notice as required by law. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council <br />of the City of Little Canada as follows: <br />1. Development District No. 2. There is hereby <br />established in the City of Little Canada Development District <br />No. 2, the initial boundaries of which are fixed and <br />determined as shown on Exhibit I -A of the Development Program. <br />2. Development Program. The development program <br />for Development District No. 2, a copy of which is on file in <br />the office of the City Administrator, is adopted as the <br />Development Program for Development District No. 2. <br />3. Tax Increment Financing District No. 2-1. There <br />is established in the City of Little Canada within Development <br />District No. 2 a tax increment financing district, the initial <br />boundaries of which are fixed and determined as shown on <br />Exhibit II -A of the Tax Increment Financing Plan. <br />4. Tax Increment Financing Plan. The Tax Increment <br />Financing Plan is adopted as the tax increment financing plan <br />for Tax Increment Financing District No. 2 -1, and the City <br />Council makes the following findings: <br />(a) Tax Increment Financing District No. 2 -1 is a <br />redevelopment district as defined in Minnesota Statutes, <br />Section 469.174, subd. 10, the specific basis for such <br />determination being that parcels consisting of 70% of the area <br />of Tax Increment Financing District No. 2 -1 are occupied by <br />buildings, streets, utilities or other improvements and 20% of <br />the buildings are structurally substandard and an additional <br />30% of the buildings are found to require substantial <br />renovation or clearance in order to remove such existing <br />conditions as: inadequate street layout, incompatible uses or <br />2 <br />