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..' ";.,' ... '- , RESOLUTION NO. 89-40 RESOLUTION INITIATING PROCESS FOR ADOPTION OF DEVELOPMENT DISTRICT AND TAX INCREMENT FINANCING AMENDMENTS BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton, Minnesota (the "City"), as follows: 1. Recitals. (a) Pursuant to Minnesota Statutes, Sections 469.124 to 469.134, the City is authorized to exercise development and redevelopment powers; and (b) The City is considering amending the Development Plan for its Development District No.1, amending the Tax Increment Financing Plans for Tax Increment Financing District Nos. 1 through 16 within Development District No.1, and establishing Tax Increment Financing District No. 17 therein and approving the related tax increment financing plan (collectively, the "Plans"); and (c) The property proposed to be included with the new Tax Increment Financing District No. 17 has been identified by the City as an area of potential redevelop- ment, and City staff has undertaken preliminary discussions and activities to that end, including the possible acquisition of a portion of the subject property. 2. Public Hearing. The Council will hold a public hearing on the Plans at a meeting of the Council to be held at City Hall on Tuesday, April 25, 1989, conunencing at 7:30 p.m., Central Time. The staff of the City is hereby authorized and directed to cause the notice of public hearing which is attached to this Resolution to be published in the City's official newspaper not more than 30 and not less than 10 days prior to the scheduled hearing date. Adopted by the Council this 14th e--du-?tc) anager .~_._.,-'-""",,,,,,,,,,,,, c-... - ;--- ~(-_: -~...._/_- ::~.-:" ',,' J '''. .: ::--- .', ~~ ~ -~~:~. ..-A -,., --- --:. ..' '~.< :-:: - ,.... ~\\:~ .=