RES 82-030 RESOLUTION TO DESIGNATE AND ESTABLISH A REDEVELOPMENT/HOUSING DISTRICT NO. 1 PURSUANT TO THE PROVSIONS OF SECTION 462 OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMEMNT DISTRICT PURSUANT TO THE PROVISIONS OF SECTION 273.71 TO 273.78 INCLU

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RESOLUTION 82-030 A RESOLUTION TO DESIGNATE AND ESTABLISH A REDEVELOPMENT/HOUSING DISTRICT • NO. 1 PURSUANT TO THE PROVISIONS OF SECTION 462 OF THE MINNESOTA STATUTES AND ESTABLISH A TAX INCREMENT DISTRICT PURSUANT TO THE PRO- VISIONS OF SECTION 273 . 71 to .273 . 78 INCLUSIVE .OF THE MINNESOTA STATUTES (CHAPTER 322 , LAWS OF MINNESOTA, 19791 AND ADOPTING A REDEVELOPMENT PROGRAM AND FINANCE PLAN FOR SAID REDEVELOPEMENT/HOUSING AND TAX INCREMENT FINANCE DISTRICT WHEREAS , the City, .Council of the City of St. Anthony, Minnesota, has determined that - it is necessary and desirable in the public interest to designate , establish,. develop and administer a Redevelopment/Housing District in the City of St. Anthony, Minnesota, pursuant to the provisions of Section 46.2 of .the Minnesota Statutes ; and WHEREAS,, the Housing and Redevelopment Authority of St. Anthony, Minnesota (HRA)_. has now prepared. a Redevelopment Plan .for an urban renewal project for the. Kenzie Terrace area of St. Anthony, Minnesota (Project Area), .entitled Kenzie .Terrace Revitalization Program, dated May- 1981, and subsequent amendments. d.ated .June 1982 (the Plan) , part of which plan contains a .tax increment financing plan for a housing/ redevelopment district; and WHEREAS, the Plan has been prepared by the HRA with the cooperation and assistance ofthe appropriate City departments and the community task force; and WHEREAS , the Authority , by resolution. duly adopted at a meeting held • on June 28, 1982 ,. did approve- the Plan and did authorize application to the City Council of the Plan, including a statement .of the method proposed for financing the project proposed by the Plan; and a written opinion of the Planning Commission of the City of St. Anthony, dated June 15 , 1982; and WHEREAS , the application for -approval of the Plan has now been made to the .City Council, and the Plan, a. statement of the method proposed for financing the project proposed by the Plan, and the written opinion. of the Planning Commission have. now been duly submitted to the .Ci-ty. Council , and the City Council , on June 28, 1982 ,. duly held a .public hearing .on. the plan pursuant to published notice , all as required by Minnesota Statutes 462 . 521 and 273; and WHEREAS , the HRA may not proceed with the Plan unless the City Council , by resolution, makes certain findings with respect to. the project area and the tax increment plan and..approves the Plan; and WHEREAS, the City Council of the City of St. Anthony has determined that tax increment financing will be necessary to finance the public costs associated with the redevelopment/housing project within the tax increment district, pursuant to Minnesota Statutes 273. 71 to 273 . 78 , inclusive; and WHEREAS, the HRA has fully informed the members of said School Board • and Board of County Commissioners of the fiscal and economic implica- tions of the proposed housing/redevelopment district and. tax increment district; and