CC RES 06-069 RESOLUTION ADOPTING A MODIFICATION TO THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3 AND SOPTING A MODIFICATION TO THE TAX INCREMEMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRCIT NO. 2 THEREIN

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CITY OF ST.ANTHONY • HENNEPIN AND RAMSEY COUNTIES STATE OF MINNESOTA Council member G1 introduced the following resolution and moved its adoption: RESOLUTION NO.06-069 RESOLUTION ADOPTING A MODIFICATION TO THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT AREA NO. 3 AND ADOPTING A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO.3THEREIN. 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 Tax Increment Financing District No. 3 and adopted the Tax Increment Financing Plan 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 Plan(the "Tax Increment Plan Modification" or • together with the Redevelopment Plan Modification, the "Modifications") for Tax Increment Financing District No. 3 (the "District"), 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 Council's 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 not modifying the boundary nor term of the District. Section 2. Findings for the Tax Increment Plan Modification 2.01. The Council hereby reaffirms the original findings for the District, namely that when Tax Increment Financing District No. 3 was established,it was established as a"redevelopment district"under Minnesota Statutes, Section 469.174, subd. 10(a)(1). In addition,the City makes the following findings: (a) The Tax Increment Plan Modification conforms to the general plan for development or • redevelopment of the City as a whole. The reason for supporting this finding is that the Tax Increment Plan Modification will generally complement and serve to implement policies adopted in the City's comprehensive plan.