1996-032 Council Resolution - Laserfiche WebLink

Home Search

1.09. The City has fully reviewed the contents of the modified TIF Plan and has this date conducted a public hearing thereon at which the views of all interested persons were heard. Section 2. Findings; Modification of Plan. 2.01. It is found and determined that it is necessary and desirable to the sound and orderly development and redevelopment of Development District No. 1 and the City as a whole, and for the protection and preservation of the public health, safety, and general welfare, that the authority of the TIF Act be exercised by the Authority and the City. 2.02. It is further found and determined, that the objectives of the Authority and the City of encouraging development and development within Development District No. 1 are not likely to be realized within the reasonably foreseeable future with regard to the majority of land within TIF District No. 1-4 and that the continued inclusion of such property within the TIF District is not in the public interest. 2.03. The modified TIF Plan conforms to the general plan for development of the City as a whole. 2.04. In order to accomplish the deletion of certain parcels from TIF District No. 1-4, the Authority has authorized the preparation of this formal modification and has adopted this modification in full compliance with the hearing and notice requirements of section 469.175, subd. 4 of the TIF Act. Section 3. Approval of Modification; Filing. 3.01. The modified TIF Plan is hereby approved. The modified Plan incorporates by reference the original Plan and all subsequent modifications except as this modified Plan explicitly or by reasonably necessary implication conflicts with the original Plan or previous modifications. 3.02. The geographic boundaries of TIF District No. 1-4 are reduced as a result of this modification and are as described in the modified TIF Plan. 3.03. The Authority is requested to file a copy of the modified Plan with the Minnesota state auditor. 3.04. The clerk -treasurer is authorized and directed to transmit a certified copy of this resolution to the Authority. 3.05. The Authority is authorized and directed to contact the Anoka county auditor and request that the specified lands be deleted from TIF District No. 1-4 and that the original tax capacity of TIF District No. 1-4 be adjusted in a manner consistent with this resolution and the modified TIF Plan. RHB101711 LN140-11