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<br />- II, <br />"'" <br /> <br />". ... '... <br /> <br />i <br /> <br />RESOLUTION NO. 88-84 <br /> <br />RESOLUTION INITIATING PROCESS FOR ADOPTION <br />OF DEVELOPMENT DISTRICT <br />AND TAX INCREMENT FINANCING AMENDMENTS <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 />1. Recitals. <br /> <br />(a) Pursuant to Minnesota Statutes, Sections <br />469.124 to 469.134, the City is authorized to exercise <br />development and redevelopment powers; and <br /> <br />(b) The City is considering enlarging its <br />Development District No.1, amending the related <br />Development Plan for that District, amending the Tax <br />Increment Financing Plans for Tax Increment Financing <br />District Nos. I through 15 within Development District <br />No.1, and establishing Tax Increment Financing District <br />No. 16 therein and approving the related tax increment <br />financing plan (collectively, the "Plans"); and <br /> <br />(c) The property proposed to be included with the <br />new Tax Increment Financing District No. 16 has been <br />identified by the City as an area of potential redevelop- <br />ment, and City staff has undertaken preliminary <br />discussions and activities to that end, including the <br />possible acquisition of a portion of the subject <br />property. <br /> <br />2. Public Hearinq. The Council will hold a public <br />hearing on the Plans at a meeting of the Council to be held at <br />City Hall on Tuesday, September 27, 1988, commencing at 7:30 <br />p.m., Central Time. The staff of the City is hereby <br />authorized and directed to cause the notice of public hearing <br />, which is attached to this Resolution to be published in the <br />Cit:.y's official newspaper not more than 30 and not less than <br />10 days prior to the scheduled hearing date. <br /> <br />Adopted by the Council this <br /> <br />9th day of August, 1988. <br /> <br />~~. <br />Mayor <br /> <br />~~ .aL- <br />/. -, , <br />.rf 4/ <br />City M ger <br /> <br />\ . <br />\. <br />.: Fi~~\";1''ctO;/City <br /> <br />I: <br /> <br />Clerk <br /> <br />( SEAL) <br />