Laserfiche WebLink
<br />1" "': <br /> <br />\. <br /> <br />'., <br />., <br /> <br />.. <br />C" <br /> <br />Councilmember Gunderman introduced the <br />following resolution, the reading of which was dispensed <br />with by 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 />86-44 <br /> <br />RESOLUTION APPROVING THE AMENDMENT OF THE <br />MODIFIED DEVELOPMENT PROGRAM RELATING TO DE- <br />VELOPMENT DISTRICT NO.1, THE AMENDMENT OF TAX <br />INCREMENT FINANCING PLANS FOR TAX INCREMENT <br />FINANCING DISTRICTS NO. 1 THROUGH NO. 10 TO <br />REFLECT INCREASED PROJECT COSTS AND ESTABLISH- <br />MENT OF TAX INCREMENT FINANCING DISTRICT NO. <br />11 AND ADOPTION OF THE TAX INCREMENT FINANCING <br />PLAN RELATING THERETO <br /> <br />BE IT RESOLVED by the City Council (the "Council") of <br />the City of New Brighton, Minnesota (the "City"), as fol- <br />lows: <br /> <br />Section 1. Recitals. <br /> <br />1.01. I t has been proposed that the Ci ty amend the <br />Modified Development Program relating to Development <br />District No. 1 to reflect increased project costs, amend the <br />Tax Increment Financing Plans for Tax Increment Financing <br />Districts No. 1 through No. 10 to reflect increased project <br />costs, and establish Tax Increment Financing District No. 11 <br />within Development District No. 1 and adopt the proposed Tax <br />Increment Financing Plan with respect thereto, all pursuant <br />to and in accordance with Minnesota Statutes, Chapter 472A, <br />as amended, and Minnesota Statutes, Sections 273.71 to <br />273.78, inclusive, as amended. <br /> <br />1.02. The Council has investigated the facts and has <br />caused to be prepared a proposed Modified Development Pro- <br />gram for Development District No.1, describing the action <br />to be undertaken by the Ci ty to aid the development of <br />Development Distr ict No.1, and has caused to be prepared <br />the proposed Tax Increment Financing Plan defining more <br />precisely the property to be included in Tax Increment <br />Financing District No. 11, and other matters relating <br />thereto. <br />