Laserfiche WebLink
, —� .3.t .� �_,—_ ::; L - _ - i <br />�; �y <br />i�em �esc-�� ar.: <br />�QL-ES-r FoA coL-�c�. co���..�zTo� <br />C'T' .� � �,� t� F�.T <br />C�':'�' COL�C:L ��TZ�1G DA� <br />=c�i:.is�:��ors 3eviewi�eca�We.^.cazior.: <br />- Vo cor.:� encs to su�aie �er.� :!�.is -zpar <br />- C�r:� er_=:, a�..ac :ec. <br />�;cnlar.acOrJSu�:.3�J (ar.ac^. supnie.^eat snee� a� aeceaur�.) <br />c7��T � RY: <br />�^D__^.C3 ,C.@� O.^," <br />?..zro� �iu y: er <br />?..aror. Ja:z: <br />C�t::.ci �on: <br />l= 5cecai Qr::2r ot 3t�;.: e� <br />._ ?�.�iic =esr:::�, <br />� C�r.ser_r �=-n.^.c : <br />�= C�ur.c.: ^tsi.^.ess <br />he attached resolution gives formal approval for the Amendments to the Tax <br />ncrement Financing Plans for consolidation of the City's three Development <br />istricts into the "Mounds View Economic Development Project", often <br />eferred to as the "Project Area". The Plans consolidate and amend the <br />hree Development Programs for those Development Districts and redesignate <br />hat unified program as the "Project Plan". These Plans also amend the <br />roject Plan and the, three tax increment plans to reflect additional goals, <br />ctivities and expenditures for various Council identified development and <br />edevelopment goals. <br />n March of 1990, the Business Park Development District (No. 2) was <br />xpanded to include all properties within the City,:except for Development <br />istrict Nos. 1 and 3. Adoption of the amendments (through approval of the <br />ttached resolution) will result in an identified Project Area" for a tax <br />ncrement development �and redevelopment program that will include all <br />roperties within the City. <br />he amendments provide for flexibility in anticipation of future <br />evelopment costs. The primary purpose for the consolidation of the three <br />evelopment Districts into one "Project Area" is to utilize a degree of <br />unding flexibility for projects which may take place anywhere within the <br />roject Area. Without consolidation, increment from a Development District <br />ould only be used in the specific District. The consolidation will <br />ccommodate development and redevelopment activiti,es which can be funded <br />rom increment generated within the expanded "Project Area". Consolidation <br />ill provide development and redevelopment opportunities that, heretofore, <br />ad not been possible and also allow the EDA and City to accomplish <br />evelopment and redevelopment priorities in areas�that heretofore lacked <br />unding mechanisms. <br />s required by law, the City has submitted the Amendments both to School <br />istrict 621 and Ramsey County for their review. Their written comments are <br />� � <br />, <br />amant a Ordun � City Admin�rator <br />RF� �IE;�1 hTION: <br />otion to Waive the Reading and Adopt Resolution No. 4564 Approving Economic Development <br />�oject and Tax Increment Financing Amendments <br />