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adoption: Commissioner introduced the following resolution and moved its HRA RESOLUTION 2000-008 RESOLUTION RELATING TO AMENDMENT TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COUNTY; APPROVING AMENDMENT TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COUNTY BE IT RESOLVED, by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of St. Anthony, Minnesota(the "HRA"), as follows: 1. The HRA and City Council (the "City Council") of the City of St. Anthony, Minnesota (the "City") have previously approved a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, designated as Redevelopment Plan for Redevelopment Project Area No. 3-Ramsey County (the "Original 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 "Original Redevelopment Project"), and on March 23, 1993, the HRA and the City Council approved amendments to the Original Redevelopment Plan and Original Redevelopment Project (the Original Redevelopment Plan as so amended is herein called the"Redevelopment Plan" and the Original Redevelopment Project as so amended is herein called the "Redevelopment Project"). In order to finance the public redevelopment costs to be incurred by the HRA in connection with the Redevelopment Plan and Redevelopment Project, the HRA has approved the Tax Increment Financing Plan for Tax Increment Financing District No. 3-Ramsey County (the "Financing Plan"), pursuant to the provisions of Minnesota Statutes, Section 469.174, subdivision 9, to be designated as Tax Increment Financing District No. 5-Ramsey County (the "District"). It has been proposed that the HRA approve amendments to the Financing Plan designated as "Amendment to Tax Increment Financing Plan for Tax Increment Financing District No. 3-Ramsey County" (the "Amendment"), a copy of which has been presented to this Board. The Amendment reduces the geographic area of the District by eliminating certain parcels from the District. 2. The Amendment is hereby approved. 3. The HRA has previously found that the District is a redevelopment district within the scope of Minnesota Statutes, Section 469.174, subdivision 10, on the basis that there is reasonably distributed throughout the District the following conditions: (i) parcels consisting of 70% of • the area in the District are occupied by buildings, streets, utilities or other improvements and (ii) more than 50% of the buildings (not including outbuildings) are structurally substandard to a degree requiring