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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 2491 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING THE MODIFICATION OF DEVELOPMENT DISTRICT <br />NO. 2 AND THE DEVELOPMENT PROGRAM RELATING THERETO AND MODIFYING <br />TAX INCREMENT FINANCING DISTRICT NO. 1 AND APPROVING THE MODIFIED <br />TAX INCREMENT FINANCING PLAN RELATING THERETO <br /> <br />WHEREAS, the City established Development District No. 2 and <br />Tax Increment Financing District No. 1 therein on September 22, <br />1986 and approved and adopted the Development Program and Tax <br />Increment Financing Plan with respect thereto, all pursuant to <br />and in accordance with Minnesota Statutes, Sections 469.174 to <br />469.179, inclusive, as amended. <br /> <br />WHEREAS, the Council has investigated the facts and has <br />caused to be prepared a proposed MOdification No. 1 to the <br />Development District No.2, defining the property to be included <br />in the Modified Development District No. 2 and describing the <br />action to be undertaken by the City to aid the development of <br />Development District No.2, and has caused to be prepared a <br />proposed Modified Tax Increment Financing Plan defining the <br />property to be included in Tax Increment Financing District <br />No. 1 and other matters relating thereto. <br /> <br />WHEREAS, the City has performed all actions required by law <br />to be performed prior to the modification of Development District <br />No.2, the modification of Tax Increment Financing District No. 1 <br />and the adoption of the proposed Modified Development Program and <br />proposed Modified Tax Increment Financing Plan relating thereto, <br />including, but not limited to, notification of Ramsey County, <br />School District No. 621, and Special Independent School District <br />No. 96 having taxing jurisdiction over the property to be <br />included in Tax Increment Financing District No. 1 MOdification, <br />a review by the City Planning Commission of the proposed Land Use <br />Plan, and the holding of a public hearing upon published and <br />mailed notice as required by law. <br /> <br />WHEREAS, the Council hereby finds that the modification of <br />Development District No. 2 is intended and, in the the judgment <br />of this Council, its effect will be, to provide an impetus for <br />commercial and industrial development in the City, to increase <br />employment, and otherwise promote certain public purposes and <br />accomplish certain objectives as specified in the Development <br />Program. <br />