CC RES 93-016 RESOLUTION CALLING FOR A PUBLIC HEARING ON PROPOSED AMENDMENTS TO A REDEVELOPMENT PLAN ON A PROPOSE TAX INCREMENT FINANCING PLAN

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CITY OF ST. ANTHONY RESOLUTION 93-016 RESOLUTION CALLING FOR A PUBLIC HEARING ON PROPOSED AMENDMENTS TO A REDEVELOPMENT PLAN AND ON A PROPOSED TAX INCREMENT FINANCING PLAN BE IT RESOLVED, by the City Council of the City of St. Anthony, Minnesota (the "City"), as follows: 1. Proposed Redevelopment Plan and Tax Increment Financing; Plan. The Housing and Redevelopment Authority of the City of St. Anthony, Minnesota (the "HRA") and the City have previously approved a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, designated as Redevelopment Plan for Redevelopment Project Area 3 - Ramsey County, relating to Apache Plaza Shopping Center located in the City (the "Redevelopment Plan"), and a redevelopment project to be undertaken pursuant thereto, as defined in Minnesota Statutes, Section 469.002, subdivision 14 (the "Redevelopment Project"). The HRA has informed the City that it is considering amendments to the Redevelopment Plan and Redevelopment Project to include additional property located at the northeast corner of 39th Avenue Northeast and Silver Lake Road in the area subject to the Redevelopment Plan and assist in the redevelopment of such additional property. In order to finance the public redevelopment costs to be incurred by the HRA and the City in connection with the Redevelopment Plan and the Redevelopment Project as proposed to be amended, the HRA will also consider approving a tax increment financing plan (the "Financing Plan"), which will establish a tax increment financing district, as defined in Minnesota Statutes, Section 469.174, subdivision 9 ("District"). The HRA has requested that this Council hold a public hearing on the amendments to the Redevelopment Plan as required by Minnesota Statutes, section 469.028, subdivision 1 and Section 469.129, subdivision 6, and a public hearing on the Financing Plan as required by Minnesota Statutes, section 469.175, subdivision 4. 2. Public Hearing. A public hearing is hereby scheduled to be held on the proposed amendments to the Redevelopment Plan and on the proposed Financing Plan at 7:30 P.M. on Tuesday, March 23, 1993, in the Council Chambers. The City Manager is hereby authorized and directed to cause notice of such public hearing in substantially the form of Exhibit A hereto to be published in the official newspaper of the City not less than 10 days prior to the date of the hearing, and to provide the information required by Minnesota Statutes, Section 469.174, subdivision 2 to the appropriate governmental bodies. Passed by the Council this 9th day of February, 1 • yor Attest: 1.2U�✓1L.� Ci Clerk