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RESOLUTION NO. 1998-24 <br />RESOLUTION APPROVING THE ESTABLISHMENT OF <br />REDEVELOPMENT PROJECT AREA NO.1 AND THE <br />ADOPTION OF A REDEVELOPMENT PLAN FOR THE AREA <br />WHEREAS, the City Council (the "Council") of the City of Hugo, Minnesota (the "City") has conducted <br />a public hearing pursuant to the requirements of Minnesota Statutes, Section 469.028 for the purpose of <br />establishing a redevelopment project area and adopting a redevelopment plan; and <br />WHEREAS, Council determines that it is desirable and in the public interest to undertake and cant' out <br />the redevelopment plan; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hugo, Minnesota, as follows: <br />1. The Redevelopment Plan (the "Plan") for Redevelopment Project Area No. 1 (the "Area") dated July <br />20, 1998 is hereby adopted. The Plan will become effective upon its approval and adoption by the <br />Economic Development Authority for the City of Hugo (the "EDA"). <br />2. In adopting the Plan, the Council finds: <br />a. The area described as the Redevelopment Area in the Plan is a Redevelopment Project within the <br />meaning of Minnesota Statutes, Section 469.002, Subd. 14. <br />b. The Plan and the Project will carry out the purpose and policy of Minnesota Statutes, Chapter 469. <br />c. The Plan assists in affording the maximum opportunity for the redevelopment of the area by <br />private enterprise. <br />d. It is found and determined that the Plan conforms to the general plan for the development of the <br />City as a whole. <br />3. The EDA is authorized and directed to take actions necessary to undertake the Plan. <br />Adopted by the City Council this 20th day of July, 1998. <br />Mayor <br />ATTEST: <br />N.V4MS0TAW UGMDMAPP_PLAN. W PD <br />