1987-001 Council Resolution - Laserfiche WebLink

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• • EXTRACT OF A MEETING OF THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA HELD: January 26, 1987 Pursuant to due call and notice thereof, a Council Meeting of the City Council of Lino Lakes, Anoka County, Minnesota, was duly called and held at City Hall in said City on the 26th day of Jan- uary, 1987, at 8:28 P.M. for the purpose of approving the estab- lishment of Development District No. 1 and the adoption of the Development Program relating thereto, the establishment of Hous- ing District No. 1 -1 and the adoption of the Tax Increment Finan- cing Plan relating thereto. The following members were present: Benson, Marier, Reinert, Bohjanen, Bisel and the following were absent: None. Councilmember Bisel introduced the following resolution and moved its adoption: RESOLUTION NO. 01 - 87 RESOLUTION APPROVING DEVELOPMENT DISTRICT NO. 1 AND THE DEVELOPMENT PROGRAM RELATING THERETO, AND THE ESTABLISHMENT OF HOUSING DISTRICT NO. 1 -1 AND THE TAX INCREMENT FINANCING PLAN RELATING THERETO BE IT RESOLVED, by the City Council (the "Council ") of the City of Lino Lakes, Minnesota (the "City ") as follows: Section 1. Recitals 1.01. It has been proposed that the City (i) establish Develop- ment District No. 1 (the "Development District ") and adopt the Develop- ment Program relating thereto; and (ii) establish Housing District No. 1 -1 and adopt the Tax Increment Financing Plan relating thereto, all pursuant to and in accordance with Minnesota Statutes, Chapter 472A, as amended, and Minnesota Statutes, Sections 273.71 to 273.78, in- clusive, as amended (collectively the "Act "). 1.02. The Council has investigated the facts and has caused to be prepared a Development Program and Tax Increment Financing Plan for Development District No. 1 and has caused to be prepared a Tax Increment Financing Plan for Housing District No. 1 -1.