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H.R.A. RESOLUTION 1989-003 <br /> • Commissioner introduced the <br /> following resolution and moved its adoption: <br /> RESOLUTION RELATING TO REDEVELOPMENT <br /> PLAN FOR REDEVELOPMENT PROJECT AREA NO. <br /> 2 RAMSEY COUNTY, AND THE REDEVELOPMENT <br /> PROJECT TO BE UNDERTAKEN PURSUANT THERETO <br /> AND TAX INCREMENT FINANCING PLAN FOR <br /> TAX INCREMENT FINANCING DISTRICT NO. <br /> 2 RAMSEY COUNTY; APPROVING REDEVELOPMENT <br /> PLAN FOR REDEVELOPMENT PROJECT AREA NO. <br /> 2 RAMSEY COUNTY AND THE REDEVELOPMENT <br /> PROJECT TO BE UNDERTAKEN PURSUANT THERETO, <br /> TAX INCREMENT FINANCING PLAN FOR TAX <br /> INCREMENT FINANCING DISTRICT NO. 2 RAMSEY <br /> COUNTY AND THE ESTABLISHMENT OF TAX INCREMENT <br /> FINANCING DISTRICT NO. 2 RAMSEY COUNTY, <br /> AND REQUESTING THE APPROVAL OF THE CITY <br /> COUNCIL <br /> BE IT -RESOLVED, by the Housing and Redevelopment <br /> Authority in and for the City of St . Anthony, Minnesota (the <br /> "HRA" ) , as follows : <br /> • 1 . It has been proposed that the HRA approve a <br /> redevelopment plan, as defined in Minnesota Statutes, Section <br /> 469 .002 , subdivision 16 , to be designated as Redevelopment <br /> Plan for Redevelopment Project Area No. 2 Ramsey ( the <br /> "Redevelopment Plan" ) , and a redevelopment project to be <br /> undertaken pursuant thereto, as defined in Minnesota Statutes, <br /> Section 469 .002 , subdivision 14 , to be designated as <br /> Redevelopment Project No. 2 Ramsey County (the "Project" ) , <br /> and that in order to finance the public redevelopment costs <br /> to be incurred by the HRA in connection with the Redevelopment <br /> Plan and Project, it has been further proposed that the HRA <br /> approve a tax increment financing plan, pursuant to the <br /> provisions of Minnesota Statutes, Section 469 . 175, to be <br /> designated as Tax Increment Financing Plan for Tax Increment <br /> Financing District No. 2 Ramsey County (the "Financing Plan" ) <br /> which establishes a tax increment financing district, as <br /> defined in Minnesota Statutes, Section 469 .174 , subdivision <br /> 9 , to be designated as Tax <br /> In Financing District No. <br /> 2 Ramsey County ( the "District" ) . <br /> 2 . It has been proposed that the HRA and Evergreen <br /> Development Corporation, a Minnesota corporation ( the <br /> "Developer" ) enter into a Redevelopment Agreement for the <br /> Evergreen Townhomes Project ( the "Redevelopment Agreement" ) , <br /> • covering the property subject to the Redevelopment Plan and <br /> included in the District . A draft of the Redevelopment Agreement <br /> IJ has been presented to this Board. <br /> .51 <br />