82-2642 - Laserfiche WebLink

Home Browse Search

\..; ~' ~ , Member Blomquist introduced resolution and moved its adoption: the following CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2642 RESOLUTION PROVIDING FOR MODIFICATION OF THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 BE IT RESOLVED by the Ci ty Council the City of New Brighton, Minnesota follows: (the (the "Council" ) "City"), of as Section 1. Recitals. 1.01. It has been proposed that the City modify its Development Program for Developme~t District No. 1 (the "Development District") pursuant to and in accordance with Minnesota Statutes, Chapter 472A, as amended, and Minnesota Statutes, Sections 273.71 to 273.78, inclusive, as amended. 1.02. This Council has caused to be prepared, and has investigated the facts with respect thereto, a proposed modification of the Development Program for the Development District. 1.03. The Council hereby determines that it is neces- sary and in the best interests of the City at this time to modify the Development Program for the Development District to include the legal changes necessary due to the 1982 amendment to the Tax Increment Financing Act, the legal description of newly acquire property of the City for pur- poses of the Development Program and the fiscal impacts of Tax Increment District No. 4 on the taxing jurisdictions. Section 2. Findings Concerning Development District. 2.01. The Council finds, determines and declares that the modification of the Development program by the City is intended and, in the judgment of this Council, its effect will be, to continue to provide an impetus for commercial development, increase employment and otherwise promote cer- tain public purposes and accomplish certain objectives specified in the Development Plan. 2.02. The Council hereby finds, determines and declares that the Modified Development Program for Development Dis- trict No. 1 attached hereto and incorporated by reference reflects the following changes: