Laserfiche WebLink
I. INTRODUCTION <br /> The Commissioners of the Housing and Redevelopment Authority of St. Anthony, <br /> Minnesota (the "HRA") and the City of St. Anthony, Minnesota (the "City"), have previously . <br /> approved a tax increment financing plan designated as the Tax Increment Financing Plan for Tax <br /> Increment Financing District No. 3-Ramsey County (the."Financing Plan")-which establishes a-. <br /> tax increment financing district designated as Tax Increment Financing District No. 3-Ramsey <br /> County (the "District"). <br /> Certain property in the District has not as yet been redeveloped in a manner which <br /> meets the objectives and purposes of the Financing Plan. In order to provide for the <br /> redevelopment of such property the HRA desires to eliminate such property from the District and <br /> include such property in a new tax increment financing district to be established by the HRA. <br /> The parcels to be eliminated from the District are identified in Exhibit A hereto (the "Eliminated <br /> Parcels"). <br /> By this Amendment, the Commissioners of the HRA eliminate the Eliminated <br /> Parcels from the District. This Amendment is approved by the Commissioners of the HRA and <br /> the City pursuant to Minnesota Statutes, Section 469.175, subdivision 4. <br /> II. AMENDMENT TO FINANCING PLAN <br /> The Financing Plan is hereby amended to reduce the geographic area of the <br /> . . District by eliminating the Eliminated Parcels from the District. <br /> III. FISCAL AND ECONOMIC IMPLICATIONS OF ELIMINATION OF <br /> ELIMINATED PARCELS FROM DISTRICT <br /> An estimate of the fiscal and economic implications of the elimination of the <br /> Eliminated Parcels from the District is attached as Exhibit B hereto and by reference <br /> incorporated herein. <br /> IV. DETERMINATIONS IN ORIGINAL FINANCING PLAN <br /> The determinations made in the Financing Plan with respect to designation of the <br /> District as a Redevelopment District, the impact of the establishment of the District and the <br /> implementation of the Redevelopment Plan (as defined in the Financing Plan) and undertaking of <br /> the Redevelopment Project (as defined in the Financing Plan) and the captured tax capacity of <br /> the District upon the redevelopment thereof are not affected by this Amendment and such <br /> determinations remain in full force and effect following the adoption of this Amendment. <br />