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CITY OF ST. ANTHONY H.R.A. RESOLUTION 1992-005 • Commissioner introduced the following resolution and moved its adoption: RESOLUTION RELATING TO REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3-RAMSEY COUNTY, AND THE REDEVELOPMENT PROJECT TO BE UNDERTAKEN PURSUANT THERETO AND TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COUNTY; APPROVING REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3-RAMSEY COUNTY AND THE REDEVELOPMENT PROJECT TO BE UNDERTAKEN PURSUANT THERETO, TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COUNTY AND THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COUNTY, AND REQUESTING THE APPROVAL OF THE CITY COUNCIL BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of St. Anthony, Minnesota (the "HRA"), as follows: 1. It has been proposed that the HRA approve a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, to be designated as Redevelopment Plan for Redevelopment Project Area No. 3-Ramsey (the "Redevelopment Plan"), and a redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statutes, Section 469.002, subdivision 14, to be designated as Redevelopment Project No. 3-Ramsey County (the "Project"), and that in order to finance the public redevelopment costs to be incurred by the HRA in connection with the Redevelopment Plan and Project, it has been further,proposed that the HRA approve a tax increment financing plan, pursuant to the provisions of Minnesota Statutes, Section 469.174, subdivision 9, to be designated as Tax Increment Financing District No. 3 Ramsey County (the "District"). 2. The Redevelopment Plan, the Project, the Financing Plan and the District are described in the attached documents entitled "Redevelopment Plan For Redevelopment Project No. 3-Ramsey County and Tax Increment Plan for Tax Increment Financing District No. 3-Ramsey County, and the Redevelopment so described are hereby approved. The Executive Director is further authorized and directed to request the appropriate authorities of Ramsey County to certify the original net tax capacity of the District pursuant to Minnesota Statutes, Section 469.177 following approval of the Financing Plan and District by the St. Anthony City Council in accordance with Minnesota Statutes, Section 469.175, subdivision 3. 3. The Redevelopment Plan and the Project were transmitted to the St. Anthony Planning Commission (the "Commission") for its review and opinion. • The Commission delivered to the HRA its written opinion on the Redevelopment Plan and the Project.