CC PACKET 01082002 - Laserfiche WebLink

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• Plan for the Chandler District which is entitled "2002 Amendments to Master Modification and Tax Increment Financing Plan for Chandler Place Tax Increment Financing District"(the "2002 Amendment") to include additional property in the area subject to the Redevelopment Plans and to amend the Financing Plan for the Chandler District to identify additional property which the HRA intends to acquire with tax increment revenues derived from the Chandler District and to authorize additional expenditure of tax increment revenue derived from the Chandler District. 2. Approval of 2002 Amendment. The 2002 Amendment has been presented to this Board and is ordered placed on file in the office of the Executive Director of the HRA, and the 2001 Amendment.is hereby approved. The 2002 Amendment further serves the original goals and purposes of the City and HRA in approving the Redevelopment Plans, the Redevelopment Projects and the Financing Plan for the Chandler District, by redeveloping property in the City in order to prevent or reduce blight, blighting factors and the causes of blight and by providing public facilities which will be of benefit to all residents of the City. 3. Presentation to City Council. The 2002 Amendment hereby approved shall be presented to the City Council for a public hearing thereon pursuant to Minnesota Statutes, Section 469.029, subdivision 6 and Section 469.175, subdivision 4. Dated the 8th day of January, 2002. Chairperson Attest: Secretary -2- •