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<br />. <br /> <br />. <br /> <br />. <br /> <br />- <br /> <br />RESOLUTION NO. q 7 - EDfJ - tvS <br /> <br />MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING MODIFICATlON OF THE <br />PROJECT PLAN FOR THE MOUNDS VIEW ECONOMIC <br />DEVELOPMENT PROJECT AND APPROVING THE TAX <br />INCREMENT FINANCING PLAN FOR TAX INCREMENT <br />FINANCING DISTRICT NO.4 <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01. The Mounds View Economic Development Authority ("EDA") consolidated <br />Development Districts No.1, 2, and 3, control of \vhich was transferred to the EDA by the City <br />of Mounds View ("City"), pursuant to Minn. Stat., Sections 469.090 through 469.108, thereby <br />establishing the Mounds View Economic Development Project ("Project"). and adopted a project <br />plan therefor ("Project Plan"). <br /> <br />1.02. The EDA has determined a need to modify the Project Plan pursuant to Minn. <br />Stat.. Scctions 469.124 through 469.134 ("Development District Act") and Minn. Stat., Sections <br />469.001 to 469.047 ("liRA Act") and to that end has caused to be prepared a document entitled <br />"Modification No.1 to the Mounds View Economic Development Project" dated April 14, 1997 <br />("Project Plan Modification"). <br /> <br />1.02. The EDA has determined a need to establish Tax Increment Financing District No. <br />4 ("TIF District No.4") and to adopt a Tax Increment Financing Plan ("TIF Plan") therefor, <br />pursuant to Minn. Stat., Sections 469.101 through 469.1081 and Minn. Stat., Sections 469.1.74 <br />through 469.179 ("TIF Act") and to that end has caused to be prepared a document entitled "Tax <br />Incrcment Financing Plan for Redevelopment Tax Increment Financing District No.4," dated <br />April 14, 1997. <br /> <br />1.03. The Project Plan Moditication and the TIF Plan were referred to the Mounds View <br />Planning Commission, which dctcrmined that they conform to the general plan for the <br />development of the City as a whole. <br /> <br />1.04. Estimates of the fiscal and economic implications of the TIF Plan were presented <br />to Independent School District #621 and the Ramsey County Board before the public hearing on <br />the TIF Plan in accordance with the TIF Act. The county commissioner representing the area <br />including the TIF District was also duly notified in accordance with the TIF Act. <br /> <br />1.05. The FDA has fully reviewed the contents of the TIF Plan and has conducted a <br />public hearing thereon, at which the views of all interested persons were heard. <br /> <br />:::1~JG2.2UlSS <br />MG"205.4 <br />