Agenda Packets - 1986/09/22 - Laserfiche WebLink

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RESOLUTION NO. 2091 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF' MINNESOTA RF.SOLUT-ON APPROVING THE ESTABLISHMENT OF DEVELOPMENT DISTRICT NO. 2 AND THE DEVELOPMENT PROGRAM RELATING THERETO AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. I AND APPROVING THE TAX INCREMENT FINANCING PLAN RELATING THERETO WHEREAS, The City of Mounds View has been requested by JLN Development, Inc. to provide tax increment assistance to a commercial/industrial development proposed on a 60 acre site in the City; and WHEREAS, the City has reviewed the development proposal and determined it to be in the best interest of the City. BE IT RESOLVED, by the City Council of the City of Mounds View, Minnesota as follows: Section 1. Recitals. 1.01 It has been proposed that the City establish Development District No. 2 and establish Tax Increment Financing District No. 1 therein and approve and adopt the proposed Development Program and proposed Tax Increment Financing Plan with respect thereto, all pursua.it to and it accordance with Minnesota Statutes, Chapter 972A, as amended, and Minnesota Statutes, Sections 273.7I t, 273.78, inclusive, as amended. 1.02 The Council has investigated the facts and caused to be prepared a proposed Development Program for Development District No. 2, defining more precisely the property to be included in Development District No. 2 and describing the action to be undertaken by the City to aid the development of Development District No. 2, and has caused to be prepared a proposed Tax Increment Financing Plan defining more precisely the property to be included in Tax Increment Financing District No. 1 and other matters relating thereto. 1.03 The City has performed all actions requiceu by law to be performed prior Lo the establishment of Development District No. 2, the establishment of Tax Increment Financing District No. 2 and the adoption of the proposed Development Program and proposed Tax Increment Financing Plan relating thereto, including, but not limited to, notiticatior. of Ramsey County, School District No. 621, and Special Independent School District No. 96 having taxing jurisdiction over the property to be included in Tax Increment Financing District No. 1, a review by the City Planning Commission of the proposed Land Use Plan, and the holding of a public hearing upon published and mailed notice as required by law.