Laserfiche WebLink
. Ccunci 1 Member Jacobs <br />introduced the <br />following resoluticn, the =easing of which was dispensed with by <br />unanimous consent, and moved its ade~tion: <br />CITY OF F.~I,CON HEIGHTS <br />COL'N'I'Y OF RAi~iSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. g6-03 <br />A RESOLUTION MODIFYING THE DEVELOPMENT PROGRAM FOR <br />DEVELOPMENT DISTRICT NO. 1 INCLUDING THE TAX INC.'ZEMENT <br />FINANCING PLAN FOR ITS TAX INCREMENT FINANCING DISTRICT NO. <br />2, AND THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. <br />2 INCLUDING THE TAX INCREMENT FINANCING PLAN FOR ITS TAX <br />INCREMENT FINANCING DISTRICT NO. 1 TO REFLECT INCREASED <br />GEOGRAPHIC AREA, BONDED INDEBTEDNESS AND PROJECT EXPENSES <br />WITHIN DEVELOPMENT DISTRICTS N0. 1 AND NO. 2. <br />• BE IT RESOLVED by the City Council (the "Council") of the <br />City of Falcon Heights, Minnesota (the "City"), as follows: <br />Section 1. Rec=. <br />1.01. It has been proposed that the Council modify, approve <br />and adopt the Development Program for Development District No. 1 <br />and the Tax Increment Financing Plan for Tax Increment Financing <br />District No. 2 located therein to reflect increased geographic <br />area, increased bonded indebtedness and increased project costs, <br />pursuant to and in accordance with Minnesota Statutes, Sections <br />469.124 to 469.134 and 469.174 through 469.179, inclusive,•as <br />amended and supplemented from time to time. <br />1.02. It has been further proposed that the Council modify, <br />approve and adopt the Development Program for Development <br />District No. 2 and the Tax Increment Financing Plan for Tax <br />Increment Financing District No. I located therein to reflect <br />increased geographic area, increased bonded indebtedness and <br />increased project costs, pursuant to and in accordance with <br />Minnesota Statutes, Sections 469.124 to 469.134 and 469.174 <br />through 469.179, inclusive, as amended and supplemented from time <br />to time. <br />1.03. The Council has caused to be prepared and has <br />investigated the facts with respect thereto, modified Development <br />• Programs for Development Districts No. 1 and No. 2 (collectively <br />the "Development. Districts") and modified Tax Increment Financing <br />Plans for Tax Increment Financing Districts No. 2 and 1, <br />