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02-14-1990 Additions
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02-14-1990 Additions
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7/10/2013 2:41:15 PM
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The development activities are necessary so <br />that development and redevelopment by private <br />enterprise can occur within Development District No. <br />2. <br />5. Public Purpose. The Development Program for <br />Development District No. 2 and the adoption of the Tax <br />Increment Financing Plan for Tax Increment Financing District <br />No. 2 -1 conform in all respects to the requirements of the Act <br />and will help fulfill a need to develop an area of the City <br />which is already built up to provide employment opportunities <br />to improve the tax base, and to improve the general economy of <br />the State and thereby serves a public purpose. <br />6. Certification. The Auditor of Ramsey County is <br />requested to certify the original net tax capacity of Tax <br />Increment Financing District No. 2 -1 as described in the Tax <br />Increment Financing Plan, and to certify in each year <br />thereafter the amount by which the original net tax capacity <br />has increased or decreased in accordance with the Act; and the <br />City Administrator is authorized and directed to forthwith <br />transmit this request to the County Auditor in such form and <br />content as the Auditor may specify, together with a list of <br />all properties within Tax Increment Financing District No. 2 -1 <br />for which building permits have been issued during the 18 <br />months immediately preceding the adoption of this Resolution. <br />7. Filing. The City Administrator is further authorized <br />and directed to file a copy of the Development Program and Tax <br />Increment Financing Plan for Tax Increment Financing District <br />No. 2 -1 with the Commissioner of Revenue. <br />8. District No. 2zisr assigned htoa the nCity aAdministratorowhonshall <br />from time to time be granted such powers and duties pursuant <br />to Minnesota Statutes, Sections 469.130 and 469.131 as the <br />City Council may deem appropriate. <br />The motion for the adoption of the foregoing <br />resolution was duly seconded by member and <br />upon vote being taken thereon, the following voted in favor <br />thereof: <br />and the following voted against the same: <br />4 <br />
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