Agenda Packets - 1988/02/22 - Laserfiche WebLink

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PART R all Tax increment Redevelopment District Finance Plan 92 A. Statutory Authority The City of Mounds View is authorized to establish a tax increment district pursuant to Minnesota Statutes, Sections 469,174 - 469.179. D. Statement of Objectives See Section F, Part I of the Development Program. C. Development Program 1. Description of Development Activities See Appendix "B" 2. Development Activities Covered by Contracts See Appendix "B" 3. Other Development Not Under Contract Reasonably Expected to occur in the Project See Appendix "B" D. Description of Properiy In the Tax increment Financing District. See Appendix "A" of this report for a list of property to be included in the proposed Tax Increment District. A map revealing the :ovation of the tax increment parcels within the redevelopment project area is provided on the following page. E. Classification of the Tax increment Financing District The City Council of the City of Mounds View, Minnesota, in determinir ' need for a tax increment financing district In accordance with Minnesoa. Statutes, Sections 469.174 - 469.179, Inclusive, finds that the district to be established is a redevelopment dt�strtet peeufntAnnonesota Statutes dtxl C ofthisplan Section 469.174, auudivisiuu iu�o/. -- • _-- - .. for eligibility statistics. The tax increment financing district appears to meet the statutory requirements of a redevelopment district and will henceforth be referred to as a redevelopment tax increment financing district. The parcels that have been used to establish eligibility as a redevelopment tax Increment financing district have been listed in Appendix "F" of this plan.