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05-30-1996
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05-30-1996
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MV EDC
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Packets
Date
5/30/1996
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consolidation and amendment of the Development <br /> 4111 known as the Project Planfar Programs shall be <br /> Board' s, 7 the Project. It is also t-`• <br /> card s intention and determination fiat ie <br /> Development Programs, the Project any amendment to any of <br /> Project Plan or the Tax Increment Plans <br /> made herein or hereafter star_ constitute and b <br /> amendment of all of the Developmentut_ e deemed to be an <br /> Programs. The Council <br /> here <br /> b <br /> yfinds that each Development Program, as amended pursuanther_to'tc ether with the composition thereof into the Project P, anconstitutes and shall be deemed to <br /> be a "development <br /> within the meaning of Minnesota Section <br /> 409 . 125,program" <br /> ^t Statutes, Sec,.�an <br /> Subdivision 3 , and a "redevelopmenti <br /> plan" within the meaning of <br /> Minnesota Statutes, Section 469 . 002 , <br /> Subdivision 16. <br /> The City has heretofore identified significant develomment <br /> activities and costs wiy-.thin the for the benefit of the <br /> Development Districts and has financed �- <br /> such act�vitles throughsubstanti <br /> substantial bonding and investments of tax increments and other <br /> revenues; and the Project Plan is hereby amended to <br /> ddevelopment 1 activitiesinclude, as <br /> hev ``a goals, and costs or the Project Ar e3. <br /> attraction, retention, rehab; T i �-; (I.} <br /> commercial, industrial, retail, - residential,tat_cn. and preservation -of. <br /> ., a recreational and <br /> public ic service facilities including <br /> and recreational s , nclud_ng necessary or desirable_ r, <br /> facili ties both active andi park <br /> rehabilitated � passive; (2) new-and . <br /> ruhabi tat;d'public infrastructures; (3 ) community- other <br /> service centers; senior/mature <br /> • (4} senior/mature adult and/o='o then . <br /> 111 <br /> housing deVelooment partnerships or other multi-use- housing-7'7 <br /> projects and facilities; mu-t- use housing' <br /> lities; (5) other public <br /> utilities (including"a' A�^mmun_cations (5) business <br /> incubator loan and otter- <br /> business programs; (7) transportation systems; <br /> (e) and el? <br /> related :ac`ivities or undertakings• that may be desirable or <br /> nec�ssar <br /> y n connec ion with the completion- <br /> such community development. and integration of <br /> The City <br /> and the ZJA herebyrestates, - - hasIheretaLCre identified, <br /> - <br /> long-_a farandncc�--ccrates herein, <br /> nge plans the preservation - <br /> C__y. <br /> �r se r _cn and develcpte.^,y - the <br /> The ZJA acknowledges <br /> significant edges the potentia_ and desire or <br /> new development pro <br /> j ects within the Project Area. Ast ese expected developments the SDA and/or t:e Ci-ayalso be =aced w_t7 additional expendituresnvolved in acquiring <br /> property, relocating_:g businesses and other uses <br /> of such <br /> apropert=es` clearing sitesfor development, <br /> and Pa== c_nating in the installation of necessary publicind=`st=uctur_s, as well as suchother undertakings and farms cfassistznca as may be <br /> necessary or appropr__-e far any particular <br /> Project. trV-�•hi 1 Q �_i i ... <br /> - s not possible to pr=-“ ,-- <br /> _ = _n <br /> -; '-- - p1e cis <br /> _cn the magnitude of such costs o; speactivities , or in al <br /> lczsas t e feasi i' - r :arciC `nem _: whole Cr _n pa- _, over term of the ,..0jest and �- Tax <br /> Increment Districts , tne <br />
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