Laserfiche WebLink
• Boardmember introduced the <br /> following resolution and moved its adoption: <br /> H.R.A. RESOLUTION NO. 1989-002 <br /> RESOLUTION RELATING TO $250, 000 TAX INCREMENT <br /> REVENUE NOTE (EVERGREEN TOWNHOMES) , SERIES 1989; <br /> AWARDING THE SALE, FIXING THE FORM AND DETAILS, <br /> .PROVIDING FOR THE EXECUTION THEREOF AND THE <br /> SECURITY THEREFOR <br /> BE IT RESOLVED by the Board of Commissioners (the <br /> "Board") of the Housing and Redevelopment Authority of <br /> St. Anthony, Minnesota (the "HRA" ) , as follows : <br /> Section 1 . Recitals ; Authorization and Sale of Bonds . <br /> 1. 01 . Redevelopment Plan and Redevelopment Project . <br /> This Board and the City Council of the City of St . Anthony, <br /> Minnesota (the "City" ) have previously approved a redevelopment <br /> plan and redevelopment project of the HRA under Minnesota <br /> Statutes, Sections 469 . 001 to 469 .047, and a tax increment <br /> financing plan of the HRA, under Minnesota Statutes, Section <br /> 469 . 174 to 469 . 179 , designated as Redevelopment Plan for <br /> is Redevelopment Project No. 2 (the "Redevelopment Plan") , <br /> Redevelopment Project No. 2 (the "Redevelopment Project" ) and <br /> Tax Increment Financing Plan for Tax Increment Financing <br /> District No. 2 Ramsey County (the "Tax Increment Financing <br /> Plan" ) . The Tax Increment Financing Plan established Tax <br /> Increment Financing District No. 2 Ramsey County (the <br /> "District") . <br /> 1.02 . Expenditure of Tax Increment Revenue. The <br /> Redevelopment Project constitutes a "project" and the District <br /> constitutes a "tax increment financing district" within the <br /> meaning of Minnesota Statutes, Sections 469 . 174 to 469 . 179 , and <br /> thus the HRA has authority under said Sections 469 . 174 to <br /> 469 . 179 to expend ad valorem tax increments derived from the <br /> District to pay costs incurred or to be incurred by the City <br /> and the HRA in aid of the Redevelopment Project , or to pay the <br /> principal of and interest on bonds, notes or other obligations <br /> of the HRA or City issued to finance such costs , in accordance <br /> with the Redevelopment Plan. <br /> 1.03 . Computation of Tax Increment . The County <br /> Auditor of Ramsey County upon application of the HRA has or <br /> will certify to the HRA, the Gross Tax Capacity of all taxable <br /> property in the District (the "Original Gross Tax Capacity" ) , <br /> • <br />