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87-122
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Resolutions 1987
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87-122
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8/8/2005 1:35:18 PM
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8/8/2005 9:15:09 AM
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<br />~ <br /> <br />~ <br /> <br />Page 2 <br /> <br />must be completed by August 1, 1988. The City of New Brighton <br />will provide $145,00.00 in assistance to cover costs of soil <br />corrections, removal of existing structures and some site <br />work. All existing buildings must be removed prior to <br />Beisswenger receiving T.I.F. assistance from the City. <br /> <br />o Enlarges Tax Increment District No. 5 to accommodate Donatelle <br />Tool's subdivision. Recently Donatelle Tool had a minor <br />subdivision approved by the City in which Donatelle Tool <br />bought 30 feet along their southerly property line from Hypro <br />Division. However, Ramsey County has refused to record the <br />subdivision and add the 30 feet to the Donatelle Tool property <br />until Tax Increment District No. 5 is expanded to include this <br />additional 30 feet. We are now expanding Tax Increment <br />District No. 5 to enable Donatelle Tool to record their <br />subdivision. The result of the additional 30 feet is that the <br />5 foot variance Donatelle Tool originally received along their <br />southerly property line is now eliminated and additional <br />parking can be constructed. <br />
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