CC RES 06-027 RESOLUTION ADOPTING A MODIFICATION TO THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT ARE NO. 3 AND ADOPTING A MODIFICATION TO THE TAX INCREMENT FINANCING PLANS FOR THE CHANDLER PLACE TAX INCREMENT FINANCING DISTRICT AND TAX INCREMENT FINAN

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CITY OF ST.ANTHONY • HENNEPIN AND RAMSEY COUNTIES STATE OF MINNESOTA Council member 56 1161 introduced the following resolution and moved its adoption: RESOLUTION NO.06-027 RESOLUTION ADOPTING A MODIFICATION TO THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO.3 AND ADOPTING A MODIFICATION TO THE TAX INCREMENT FINANCING PLANS FOR THE CHANDLER PLACE TAX INCREMENT FINANCING DISTRICT AND TAX INCREMENT FINANCING DISTRICT NO.3-5 THEREIN. BE IT RESOLVED by the City Council(the"Council')of the City of St.Anthony,Minnesota(the"City"),as follows: Section 1. Recitals. 1.01. The Board of Commissioners (the 'Board") of the Housing and Redevelopment Authority of St. Anthony (the"HRA")has heretofore established Redevelopment Project Area No.3 and adopted the Redevelopment Plan therefor and established the Chandler Place Tax Increment Financing District and Tax Increment Financing District No.3-5 and adopted the Tax Increment Financing Plans therefor. It has been proposed that the City adopt a • Modification to the Redevelopment Plan(the"Redevelopment Plan Modification")for Redevelopment Project Area No. 3 and adopt a Modification to the Tax Increment Financing Plans(the "Tax Increment Plans Modification" or together with the Redevelopment Plan Modification, the "Modifications") for the Chandler Place Tax Increment Financing District and Tax Increment Financing District No.3-5(the"Districts"),all pursuant to and in conformity with applicable law,including Minnesota Statutes,Sections 469.001 to 469.047,and Sections 469.174 to 469.1799, inclusive as amended(the"Act"),all as reflected in the Modifications,and presented for the Councils consideration. 1.02. The Council has investigated the facts related to the Modifications and has caused the Modifications to be prepared. 1.03. The City has performed all actions required by law to be performed prior to the adoption and approval of the proposed Modifications,including,but not limited to,notification of Ramsey County and Independent School District No. 282 having taxing jurisdiction over the property included in the District, and the holding of a public hearing upon published notice as required by law. 1.04. ' The City is modifying the boundaries of Redevelopment Project Area No. 3. The boundaries of Redevelopment Project Area No. 3 shall be coterminous with the corporate boundaries of the City of St.Anthony. 1.05. The City is not modifying the boundaries nor term of the Districts. Section 2. Findings for the Tax Increment Plans Modification 2.01. The Council hereby reaffirms the original findings for the Districts,namely that when the Chandler Place Tax Increment Financing District was established,it was.established as a"housing district"under Minnesota Statutes, Section 469.174, subd. 11 and when Tax Increment Financing District No. 3-5 was established, it was • established as a"redevelopment district"under Minnesota Statutes, Section 469.174,subd. 10(a)(1).