Resolution No. 98-06 EDA - Laserfiche WebLink

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r1 that the adoption of the proposed Plans will advance the EDA's and City's objectives of encouraging development within Development District No. 1. 3. Conditioned upon the approval thereof by the City Council following its public hearing thereon, the Plans, as presented to the EDA on this date, are hereby approved, established and adopted and shall be placed on file in the office of the City Clerk/Treasurer. 4. Upon approval of the Plans by the City Council, the staff, the EDA's advisors and legal counsel are authorized and directed to proceed with the implementation of the Plans and for this purpose to negotiate, draft, prepare and present to this Board for its consideration all further plans, resolutions, documents and contracts necessary for this purpose. Approval of the Plans does not constitute approval of any project or a Development Agreement with any developer. 5. The City Clerk/Treasurer is authorized and directed to forward a copy of the Modification to Tax Increment Financing District No. 1-7 to the Anoka County Auditor and request that the Auditor remove the parcels from District No. 1-7 and adjust the base tax values accordingly. 6. Upon approval of the Plans by the City Council, the Community Development Director is authorized to forward a copy of the Plans to the Minnesota Department of Revenue pursuant to Minnesota Statutes 469.175, subdivision 2. 7. The City Clerk/Treasurer is authorized and directed to forward a copy of the Plan for Tax Increment Financing District No. 1-9 to the Anoka County Auditor and request that the Auditor certify the original tax capacity of District No. 1-9 as described in the Plan, all in accordance with Minnesota Statutes 469.177. Approved by the Board of Commissioners of the Lino Lakes Economic Development Authority this 1 4th day ofnpre,mhPr , 1998. ATTEST: Executive Diretor N: \Minn sota\LINOLAKE\TIF 1 -9 \ EDA_res.wpd