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07-25-2016 Council Packet*
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07-25-2016 Council Packet*
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City Council
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Council Packet
Meeting Date
07/25/2016
Council Meeting Type
Regular
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<br />483508v2 JAE LN140-116 <br /> <br />MODIFIED DEVELOPMENT DISTRICT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 <br /> <br /> A. Definitions <br /> <br /> For the purposes of the modified Program for Development District No. 1 the following <br />terms shall have the meanings specified below, unless the context otherwise requires: <br /> <br /> “Administrative Expenses” means all expenditures of the Authority other than amounts paid <br />for the purchase of land or amounts paid to contractors or others providing materials and services, <br />including architectural and engineering services, directly connected with the physical development <br />of real property in the District, relocation benefits paid to or services provided for persons residing <br />or businesses located in the District, or amounts used to pay interest on, fund a reserve for, or sell at <br />a discount bonds issued pursuant to section 469.178 of the TIF Act. Administrative Expenses <br />includes amounts paid for services provided by bond counsel, fiscal consultants and planning or <br />economic development consultants; <br /> <br /> “Administrator” means the executive director of the Authority or his or her designee; <br /> <br /> “Authority” or “EDA” means the Lino Lakes Economic Development Authority, a public <br />body corporate and politic under the laws of Minnesota; <br /> <br /> “City” means the City of Lino Lakes, a municipal corporation under the laws of Minnesota; <br /> <br /> “City Council” or “Council” means the Lino Lakes City Council; <br /> <br /> “City Development District Act” means Minnesota Statutes, sections 469.124 through <br />469.134, as amended; <br /> <br /> “Comprehensive Plan” means the City's objectives, policies, standards and programs to <br />guide public and private land use, development, redevelopment and preservation for all lands and <br />water within the City; <br /> <br /> “County” means Anoka County, Minnesota; <br /> <br /> “Development District” or “District” means Development District No. 1, which was <br />established in 1987 by the City and is now under the control of the Authority; <br /> <br /> “Development District Program” or “Program” means the Program for Development <br />District No. 1, which was adopted on January 26, 1987, as modified from time to time thereafter. <br /> <br /> “EDA Act” means Minnesota Statutes, sections 469.090 through 469.108, as amended; <br /> <br /> “Special Law” means 2011 Minnesota Laws, Ch. 112, Art. 11, Section 18. <br /> <br /> “State” means the State of Minnesota;
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