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88-030
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88-030
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<br />1 <br /> <br />~ <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. RR-~n <br /> <br />RESOLUTION APPROVING DEVELOPMENT DISTRICT AND TAX <br />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 />Section 1. Recitals. <br /> <br />1.01. It has been proposed that the City amend the <br />Modified Development Program relating to its Development <br />District No. 1 to reflect increas~d project costs, enlarge the <br />Development District, amend the Tax Increment Financing Plans <br />for Tax Increment Financing Districts No. 1 through No. l3 to <br />reflect increased project costs, and establish Tax Increment <br />Financing District Nos. 14 and 15 within Development District <br />No. 1 and adopt the proposed Tax Increment Financing Plans <br />with respect thereto (collectively, the "plans"), all as <br />reflected in the City's Modified Development Program for its <br />Development District No.1, dated March 22, 1988, and <br />presented for the Council's consideration, and all pursuant to <br />and in accordance with Minnesota Statutes, Sections 469.124 to <br />469.134 and 469.174 to 469.179. <br /> <br />l.02. The Council has investigated the facts relating to <br />the Plans and has caused the Plans to be prepared. <br /> <br />1.03. The City has performed all actions required by law <br />to be performed prior to the adoption and approval of the <br />Plans, including, but not limited to, notification of Ramsey <br />County and School District No. 621, a review by the City <br />Planning Commission of the Plans, and the holding of a public <br />hearing thereon following published notice as required by law. <br /> <br />Section 2. Findings for the Adoption and Approval of the <br />Plans. <br /> <br />2.01. The Council hereby finds that Tax Increment <br />Financing District No. 14 is a redevelopment district, as <br />defined in Minnesota Statutes, Section 469.174, Subdivision <br />lO(a) (2), for the reason set forth in Section 2.02 with <br /> <br />. <br /> <br />. <br />
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