HomeMy WebLinkAboutCC RES 92-030 RESOLUTION CALLING FOR A PUBLIC HEARING ON 1992-B AMENDMENTS TO KENZIE TERRACE TAX INCREMENT FINANCING PLAN Meeting Sheet
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103567
Box: 26
Folder: RES 1992
Document: CC RES 92-030 RESOLUTION CALLING FOR A PUBLIC
HEARING ON 1992-B AMENDMENTS TO KENZIE TERRACE TAX
INCREMENT FINANCING PLAN
RESOLUTION NO. 9 2-0 3 0
• RESOLUTION CALLING FOR A PUBLIC HEARING ON
1992-B AMENDMENTS TO THE KENZIE TERRACE
REDEVELOPMENT PLAN AND THE KENZIE TERRACE
TAX INCREMENT FINANCING PLAN
BE IT RESOLVED by the City Council of the City of St. Anthony,
Minnesota as follows:
1. Proposed Amendments. The Commissioners of the Housing and
Redevelopment Authority of St. Anthony, Minnesota (the "HRA") and the City of
St. Anthony, Minnesota (the "City"), have previously approved the Kenzie Terrace
Redevelopment Plan (the "Redevelopment Plan") and the Kenzie Terrace
Redevelopment Project (the 'Redevelopment Project") to be undertaken pursuant
thereto, and in order to finance the public redevelopment costs to be incurred by the
City and the HRA in connection with the Redevelopment Plan and the
Redevelopment Project, the HRA and the City have approved the Kenzie Terrace
Tax Increment Financing Plan (the "Financing Plan"), which establishes the Kenzie
Terrace Tax Increment Financing District (the "District"). It has been proposed that
the Board of Commissioners of the HRA approve amendments to the
Redevelopment Plan and the Financing Plan which are entitled "1992-B
Amendments to the Kenzie Terrace Redevelopment Plan and the Kenzie Terrace
Tax Increment Financing Plan" (the "1992-B Amendments"), and the HRA has
requested that this Council hold a public hearing on the 1992-B Amendments as
required by Minnesota Statutes, Section 469.028, subdivision 1, and Section 469.175,
subdivision 4. The 1992-B Amendments include additional property in the
Redevelopment Plan and Redevelopment Project and authorize the expenditure of
tax increment revenues derived from the District to pay the public redevelopment
costs of the HRA and City in connection with the development or redevelopment of
the Additional Property.
2. Public Hearing. A public hearing is hereby scheduled to be held on the
Amendments at 7:30 P.M. or as soon thereafter as possible on July 28, 1992, in the City
Council Chambers. The City Manager is hereby authorized and directed to cause notice of
such public hearing in substantially the form of Exhibit A hereto to be published in the
official newspaper of the City not less than 10 days prior to the date of the hearing.
Passed by the Council this 23rd day of June, 1992.
Ma or
• Attest:
ity Clerk
Reviewed� tor administration:
City Mana