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RES 21-025 ADOPTING A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR REDEVELOPMENT PROJECT AREA NO 3 AND ESTABLISHING THE LOWRY GROVE TIF DISTRICT AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR
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RES 21-025 ADOPTING A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR REDEVELOPMENT PROJECT AREA NO 3 AND ESTABLISHING THE LOWRY GROVE TIF DISTRICT AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR
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3/25/2021 12:54:13 PM
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Section 5. Approval and Adoption of the Program and Plan. <br />5.01. The Program and Plan, as presented to the Council on this date, including without <br />limitation the findings and statements of objectives contained therein, are hereby approved, ratified, <br />established, and adopted and shall be placed on file in the office of the City Manager. <br />5.02. The staff of the City, the City's advisors and legal counsel are authorized and directed to <br />proceed with the implementation of the Program and Plan and to negotiate, draft, prepare and present to <br />this Council for its consideration all further plans, resolutions, documents and contracts necessary for this <br />purpose. <br />5.03 The Auditor of Hennepin County is requested to certify the original net tax capacity of <br />the District, as described in the Program and Plan, and to certify in each year thereafter the amount by <br />which the original net tax capacity has increased or decreased; and the City of St. Anthony is authorized <br />and directed to forthwith transmit this request to the County Auditor in such form and content as the <br />Auditor may specify, together with a list of all properties within the District, for which building permits <br />have been issued during the 18 months immediately preceding the adoption of this resolution. <br />5.04. The City Recorder is further authorized and directed to file a copy of the Program and <br />Plan with the Commissioner of Revenue and the Office of the State Auditor pursuant to Minnesota <br />Statutes 469.175, Subd. 4a. <br />TlIe motion for the adoption of the foregoing resolution was duly seconded by Council member <br />cL , and upon a vote being taken thereon, the following voted in favor thereof: <br />Intcoe,, �ti� k.v� J,)z-1S 0/-) <br />and the following voted against the same: <br />�Jkk, <br />Dated: March 23, 2021 <br />ATTEST: ��& ��2i <br />Nic 1 Miller, City berk <br />Reviewed for administration: <br />Charlie Yunker, City Manager <br />4831-3967-3825\1 <br />
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