01/26/1987 Council Minutes (2) - Laserfiche WebLink

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COUNCIL MEETING January 26, 1987 Mr. Bisel moved to adopt Resolution #01 -87 establishing Tax Increment District #1 and District #1 -1 Housing District. Mr. Bohjanen seconded the motion. Motion carried with Mr. Marier voting no. 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. 1.03. The City has performed all actions required by law to be performed prior to the establishment of Development District No. 1 and Housing District No. 1 -1, and the adoption of the Development Program and Tax Increment Financing Plan relating thereto, including, but not limited to, notification of Anoka County and Independent School District Nos. 12 and 831, having taxing jurisdiction, a review by the City Planning Commission of the proposed Development Program for Development District No. 1 and the holding of a public hearing upon published and mailed notice as required by law. Section 2. Findings for the Establishment of Development Dis- trict No. 1 and Housing District No. 1 -1. The Council hereby finds that the adoption of the Development Program for Development District No. 1, the establishment of Develop- ment District No.1 and the adoption of the Tax Increment Financing Plan for Housing District No. 1 -1 and the creation of Housing Dis- trict No. 1 -1 are intended and in the judgment of this Council its 1 1 1