Laserfiche WebLink
<br />:. <br /> <br />,.. <br /> <br />Councilmember Williams introduced the <br />following resolution, the reading of which was dispensed with by <br />unanimous consent, and moved its adoption: <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. <br /> <br />94-84 <br /> <br />A RESOLUTION MODIFYING THE DEVELOPMENT PROGRAM FOR DEVELOPMENT <br />DISTRICT NO. 1 AND MODIFYING THE TAX INCREMENT FINANCING PLANS <br />FOR TAX INCREMENT FINANCING DISTRICTS NO. 1 THROUGH NO. 23 TO <br />REFLECT INCREASED GEOGRAPHIC AREA AND INCREASED PROJECT COSTS <br />WITHIN DEVELOPMENT DISTRICT NO. 1 AND CREATING PROPOSED TAX <br />INCREMENT FINANCING DISTRICT NO. 24 AND APPROVING AND ADOPTING <br />THE PROPOSED TAX INCREMENT FINANCING PLAN RELATING THERETO. <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the <br />City of New Brighton, Minnesota (the "City"), as follows: <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01. It has been proposed that the Council modify, approve <br />and adopt the modified Development Program for Development <br />District No. 1 to reflect increased geographic area and increased <br />project costs, pursuant to and in accordance with Minnesota <br />Statutes, Sections 469.124 to 469.134, inclusive, as amended and <br />supplemented from time to time. <br /> <br />1.02. It has been further proposed that the Council modify, <br />approve and adopt the modified Tax Increment Financing plans for <br />Tax Increment Financing Districts No. 1 through No. 23 to reflect <br />increased geographic area and increased project costs within <br />Development District No.1, pursuant to Minnesota Statutes, <br />Section 469.174 through 469.179, inclusive, as amended and <br />supplemented from time to time. <br /> <br />1.03. It has been further proposed that the Council approve <br />the creation of proposed Tax Increment Financing District No. 24 <br />and approve and adopt the proposed Tax Increment Financing plan <br />relating thereto pursuant to and in accordance with Minnesota <br />statutes, Section 469.174 to 469.179, inclusive, as amended and <br />supplemented from time to time. <br /> <br />1.04. The Council has caused to be prepared and has <br />investigated the facts with respect thereto, a modified <br />Development Program for Development District No.1, modified Tax <br />