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• <br />FEB -13 -91 WED 16:42 ARK DEVELOPMENT INC. <br />CVE' TPH-. <br />6124849254 P.02 <br />RESOLUTION NO. 86-104 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br />RESOLUTION AUTHORIZING APPLICATION FOR RAMSEY COUNTY COMMUNITY DEVELOPMENT <br />BLOCK GRANT FUNDS AND INDICATING WILLINGNESS TO CREATE A TAX INCREMENT <br />FINANCING DISTRICT IN SUPPORT OF THE APPLICATION. <br />IT IS HEREBY RESOLVED by the City Council (the "Council ") of the City <br />of New Brighton, Minnesota (the "City "), as follows: <br />I. Recitals <br />a. The City of New Brighton desires to provide assistance In <br />meeting the housing needs of its community through 71c-- <br />+sedeveiopment of a certain property within its downtown <br />develipnent_dlstrict --and; <br />b. $,eelevelopment of this area is consistent with the City's <br />Comprehensive Plan. Doun own Deevelopment -Ptah- and -O +d <br />Highway -- rrldor Plan and; <br />C. Development of a housing protect in downtown -Nei, Brighton will <br />benefit low and moderate income persons. <br />2. Approval <br />The Council hereby authorizes the City Officials to make <br />appllcatlon to Ramsey County for Community Development Block Grant <br />funds for assistance with the i owr,town housing project on the site <br />In question and Indicates the City's Intent to create a Tax <br />Increment Financing District to provide further funds to implement <br />nedevelolxnerltof this Site should the City grant appllcatlon be <br />approved and funded. <br />Adopted this iAth day of October, 1986. <br />ATTEST: <br />Margaret Egan, <br />Finance Director /City Clerk <br />SEAL <br />Page 20 <br />Robert J. Be ` e. Mayor <br />/ /e{lr)r 2,44L, Henry Simla' 'City Manager <br />