CC RES 00-097 A RESOLUTION APPROVING AMENDMENT TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3- RAMSEY COUNTY, AND MAKING FINDINGS WITH RESPECT THERETO

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I • Member Sparks introduced the following resolution and moved its adoption: RESOLUTION NO. 2000-097 RESOLUTION APPROVING AMENDMENT TO TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 3-RAMSEY COUNTY, AND MAKING FINDINGS WITH RESPECT THERETO BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota as follows: 1. The Board of Commissioners of the Housing and Redevelopment Authority in and for the City of St. Anthony (the "HRA") and this Council by resolutions adopted August 25, 1992 approved a redevelopment plan, as defined in Minnesota Statutes, Section 469.002, subdivision 16, designated as Redevelopment Plan for Redevelopment Project Area No. 3-Ramsey County (the "Original Redevelopment Plan"), and a redevelopment project as defined in Minnesota Statutes, Section 469.002, subdivision 14, to be undertaken pursuant thereto, designated as Redevelopment Project No. 3-Ramsey County (the "Original Redevelopment Project"), and on March 23, 1993, the HRA and the City Council approved • amendments to the Original Redevelopment Plan and Original Redevelopment Project (the Original Redevelopment Plan as so amended is herein called the "Redevelopment Plan" and the Original Redevelopment Project as so amended is herein called the "Redevelopment Project"). In order to finance the public redevelopment costs to be incurred by the HRA in connection with the Redevelopment Plan and Redevelopment Project, the HRA has approved a tax increment financing plan, pursuant to the provisions of Minnesota Statutes, Section 469.175, designated as Tax Increment Plan for Tax Increment Financing District No. 3-Ramsey County (the "Financing Plan"), which establishes a tax increment financing district, as defined in Minnesota Statutes, Section 469.174, subdivision 9, designated as Tax Increment Financing District No. 3-Ramsey County (the "District"). The HRA has requested that this Council approve an amendment to the Financing Plan following a public hearing thereon to reduce the geographic area of the District by eliminating certain parcels therefor. The HRA has furnished to this Council a copy of the Amendment to the Financing Plan for Tax Increment Financing District No. 3-Ramsey County (the "Amendment to the Financing Plan"), and this Council on July 25, 2000, held a public hearing on the same after notice of the public hearing was published in the official newspaper of the City, not less than 10 days prior to the date of the hearing. All persons desiring to be heard were heard. 2. The Amendment to the Financing Plan is hereby approved. 3. This Council has previously found that the District is a redevelopment district within the scope of Minnesota Statutes, Section 469.174, subdivision 10, on the basis that there is reasonably distributed throughout the District the following conditions: (i) parcels • consisting of 70% of the area in the District are occupied by buildings, streets, utilities or other