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ain thou illa e Administrative Offices 3301 Silver Lake Road, St. Anthony, Minnesota 55418-1699 (612) 789-8881 FAX (612) 781-9323 December 6,2001 County Auditor Ramsey County 316 West Kellogg Boulevard St. Paul,Minnesota 55102 . School District Clerk Independent School District No. 282 3303 33`d Avenue N.E. St. Anthony, Minnesota 55418 Re: Proposed Amendment to Redevelopment Plans and Tax Increment Financing Plan for Chandler Place Tax Increment Financing District St. Anthony Housing and Redevelopment Authority Ladies and Gentlemen: The St. Anthony Housing and Redevelopment Authority(the "HRA")is considering amendments to Redevelopment Plans of the HRA and to the Tax Increment Financing Plan for the Chandler Place Tax-Increment Financing District previously established by the HRA pursuant to the provisions of Minnesota Statutes, Chapter 469. The Tax Increment Financing Plan established a Tax Increment Financing District in the City of St. Anthony which is commonly referred to by the HRA as Chandler Place Tax Increment Financing District. The purpose of the amendments to the. Redevelopment Plans and Tax Increment Financing Plans is to include additional property in the area subject to the Redevelopment Plans(the"Additional Property") and to authorize the payment of additional public redevelopment costs of the City of St. Anthony and the HRA with respect to the redevelopment of the Additional Property and other property in the area subject to the Redevelopment Plans with tax increment revenue to be derived from the Chandler Place Tax Increment Financing District. The amendments will not include any additional property in the Chandler Place Tax Increment Financing District. The amendments will amend the budget for the Tax Increment Financing Plan for the Chandler Place Tax Increment Financing District to authorize the additional expenditure by the HRA or the City of up to $1,560,000 from tax increment derived from the Chandler Place Tax Increment Financing District to redevelop properties in the City. Enclosed is a draft of the proposed amendments.