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2019.04.03 EDC Packet
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2019.04.03 EDC Packet
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<br />Section 1 <br /> <br />Restated Development Program <br />Development District No. 1 <br /> <br />Subsection 1.1. Definitions <br /> <br />The terms defined below shall, for purposes of this Restated Development Program, have the <br />meanings herein specified, unless the context otherwise specifically requires: <br /> <br />"City" means the City of New Brighton, a municipal corporation and political subdivision of the <br />State of Minnesota. <br /> <br />"Comprehensive Plan" means the City's comprehensive plan which contains the objectives, <br />policies, standards and programs to guide public and private land use, development, <br />redevelopment and preservation for all lands and water within the City. <br /> <br />"Council" means the City Council of the City. <br /> <br />"County" means the County of Ramsey, Minnesota. <br /> <br />“Development District Act” means the statutory provisions of Minnesota Statutes Sections <br />469.124 to 469.134, inclusive, as amended and supplemented from time to time. <br /> <br />"Development District No. 1" means the development district established on December 22, <br />1981, and as modified from time to time. <br /> <br />"Program" means the Restated Development Program for the Project Area. <br /> <br />"Project Area" means the real property located within the geographic boundaries <br />of Development District No. 1. <br /> <br />"Restated Development Program" means this Program for the Project Area as initially adopted <br />by the City Council on December 22, 1981, as previously modified, as restated herein, and as it <br />shall be modified or restated, from time to time hereafter, as defined in Minnesota Statutes, <br />Section 469.125, subdivision 3. <br /> <br />“School District” means Independent School District No. 621. <br /> <br />“State” means the State of Minnesota. <br /> <br />"Tax Increment Act" means the statutory prov1s1ons of Minnesota Statutes, sections 469.174 <br />to 469.1799, inclusive, as amended and supplemented from time to time. <br /> <br />"Tax Increment District" means any tax increment financing district presently established or to <br />be established in the future within the Project Area. <br /> <br />“Tax Increment Plan" means the respective Tax Increment Financing Plan for each Tax <br />Increment District located within the Project Area. <br /> <br />
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