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CC PACKET 08282001
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CC PACKET 08282001
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12/30/2015 7:53:22 PM
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12/30/2015 7:53:08 PM
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SP Box #
29
SP Folder Name
CC PACKETS 2001-2004
SP Name
CC PACKET 08282001
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• 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 five Redevelopment-Plans designated as Kenzie Terrace Redevelopment Plan, <br /> Chandler Place Redevelopment Plan, Highway Eight Redevelopment Plan, Redevelopment Plan <br /> for Redevelopment Project No. 2 (Ramsey County) and Redevelopment Plan for Redevelopment <br /> Project No. 3 (Ramsey County), together with certain amendments thereto (as so amended, the <br /> "Redevelopment Plans"), and have approved redevelopment projects (the "Redevelopment <br /> Projects") to be undertaken-pursuant thereto, and in order to finance the public redevelopment <br /> costs to be incurred by the City and the HRA in connection with certain of the Redevelopment <br /> Plans and the Redevelopment Projects, the HRA and the City have approved tax increment <br /> financing plans-(the:"Financing Plans") which establish two tax increment financing districts <br /> designated by the HRA as follows: Kenzie Terrace Tax Increment District (Hennepin County <br /> No. 1950) and Chandler Place Tax Increment District (Ramsey County No. 58) (the "Districts"). <br /> In order to authorize the City and HRA to undertake certain activities designed to remove, <br /> prevent and reduce blight, blighting factors and the causes of blight in the City and provide <br /> facilities intended to serve all residents of the City, that the HRA on June 27, 1995 approved <br /> amendments to the Redevelopment Plans, the Redevelopment Projects and the Financing Plans <br /> designated as the "Master Modification to the Redevelopment Plans and Tax Increment <br /> Financing Plans" (the "Original Master Modification") which combined the areas subject to the <br /> Redevelopment PIans and included additional property in the area subject to the Redevelopment <br /> • Plans and authorized tax increment revenue derived from either of the Districts to be utilized in <br /> any area.subject to the Redevelopment Plans,and on November 12, 1996 approved amendments <br /> to the Original Master Modification designated as the "1996 Amendments to the Master <br /> Modification to Redevelopment Plans and Tax Increment Financing Plans" (the "1996 <br /> Amendment"), which included additional property in the area subject to the Redevelopment <br /> Plans and amended the Financing Plans to authorize additional expenditure of tax increment <br /> revenue derived from either of the Districts. The Original Master Modification, as amended by <br /> the 1996 Amendments is herein called the "Master Modification". <br /> By this 2001 Amendment to the Tax Increment Financing Plan for Chandler Place <br /> Tax Increment District (Ramsey County No. 58) (the "2001 Amendment") the Commissioners of <br /> the HRA amend the Tax Increment Financing Plan for the Chandler Place Tax Increment District <br /> (Ramsey County No. 58) (the"Chandler District") to identify property which the HRA intends to <br /> acquire with tax increment revenues derived from the Chandler District. The authorization of the <br /> expenditure of tax increment revenue from the Chandler District is subject to any limitations on <br /> such expenditures with respect to the Chandler District contained in the Minnesota Tax <br /> Increment Financing Act (Minnesota Statutes, Section 469.174 to 469.179). This 2001 <br /> Amendment does not include any additional property in the Chandler District or the area subject <br /> to the Redevelopment Plans. This 2001 Amendment is approved by the Commissioners of the <br /> HRA and the City pursuant to Minnesota Statutes, Chapter 469.029, subdivision 6, and <br /> Minnesota Statutes, Section 469.175, subdivision 4. <br /> • <br />
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