Laserfiche WebLink
RESOLUTION NO. 9 5-0 41 <br /> RESOLUTION APPROVING MASTER MODIFICATION <br /> TO REDEVELOPMENT PLANS AND TAX INCREMENT <br /> FINANCING PLANS AND MAKING FINDINGS WITH <br /> RESPECT THERETO <br /> BE IT RESOLVED by the City Council of the City of St. Anthony, <br /> Minnesota as follows: <br /> 1. The Commissioners of the Housing and Redevelopment Authority <br /> of the City of St. Anthony, Minnesota (the "HRA") and the City of St. Anthony, <br /> Minnesota (the "City"), have previously approved Kenzie Terrace Redevelopment <br /> Plan, Chandler Place Redevelopment Plan, Highway Eight Redevelopment Plan, <br /> Redevelopment Plan for Redevelopment Project No. 2 and Redevelopment Plan for <br /> Redevelopment Project No. 3, together with certain amendments thereto (the <br /> "Redevelopment Plans") and redevelopment projects (the "Redevelopment <br /> Projects") to be undertaken pursuant thereto, and in order to finance the public <br /> redevelopment costs to be incurred by the City and the HRA in connection with <br /> certain of the Redevelopment Plans and Redevelopment Projects, the HRA and the <br /> City have approved Tax Increment Financing Plans (the "Financing Plans"), which <br /> establish two tax increment financing districts which are designated by the HRA as <br /> • follows: Kenzie Terrace Tax Increment District (Hennepin County No. 1950) and <br /> Chandler Place Tax Increment District (Ramsey County No. 58) (the "Districts"). The <br /> Board of Commissioners of the HRA has approved an amendment to the <br /> Redevelopment Plans and the Financing Plans which is entitled "Master <br /> Modification to Redevelopment Plans and Tax Increment Financing Plans" (the <br /> "Master Modification"). The Master Modification combines the areas'subject to the <br /> Redevelopment Plans and expands the area subject to the Redevelopment Plans and <br /> authorizes the expenditure of tax increment revenues derived from the Districts to <br /> pay public redevelopment costs in the additional area made subject to the <br /> Redevelopment Plans by the Master Modification and costs related to construction <br /> of a community center designed to serve residents of the City. <br /> 2. This Council on June 27, 1995, held a public hearing on the Master <br /> Modification after notice of the public hearing was published in the official <br /> newspaper of the City not less than ten (10) days prior to the date of the hearing. At <br /> such public hearing all persons desiring to be heard with respect to the Master <br /> Modification were given an opportunity to express their views with respect thereto. <br /> 3. This Council has previously found that the Kenzie Terrace Tax <br /> Increment District is a redevelopment district within the scope of Minnesota <br /> Statutes, Section 469.174, subdivision 10, and that the Chandler Place Tax Increment <br /> District is a housing district within the scope of Minnesota Statutes Section 469.174, <br /> • subdivision 11, and the Master Modification will not change such prior findings. <br /> The Master Modification further serves the original goals and purposes of the City <br />