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<br />.,........../ <br /> <br />. <br />"" <br /> <br />'. ~ Il"!t <br /> <br />. - <br />0; <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 2535 <br /> <br />A RESOLUTION CALLING FOR A HEARING TO CONSIDER <br />AMENDING, REDESIGNATING AND ENLARGING THE PROJ- <br />ECT AREA OF THE MUNICIPAL DEVELOPMENT DISTRICT <br />AS ADOPTED ON AUGUST 11, 1981, PURSUANT TO THE <br />PROVISIONS OF MINNESOTA STATUTES, SECTIONS <br />472A.Ol TO .472A.13, INCLUSIVE, AS AMENDED, AND <br />MINNESOTA STATUTES, SECTIONS 273.71 TO 273.78, <br />INCLUSIVE, AS AMENDED, AND AMENDING THE TAX IN- <br />CREMENT DISTRICT AS ADOPTED ON AUGUST 11, 1981, <br />PURSUANT TO THE PROVISIONS OF MINNESOTA STATUTES <br />SECTIONS 273.71 TO 273.78, ~NCLUSIVE, AS AMENDED <br />AND ADOPTING AND APPROVING AN AMENDED DEVELOP- <br />MENT PROGRAM AND AMENDED FINANCE PLAN FOR SAID <br />DEVELOPMENT DISTRICT AND TAX INCREMENT DISTRICT, <br />AND THE CREATION OF NEW TAX INCREMENTS DISTRICTS <br />WITHIN THE AMENDED PROJECT AREA. <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, redesignate <br />and enlarge the project area of the Municipal Development District <br />of the City as adopted on August 11, 1981 ("Development District <br />No.1") and amend the Tax Increment Financing District ("Tax In- <br />crement District No. 1") and the tax increment financing plan (the <br />"Financing Plan") with respect thereto and the creation of new tax <br />increment districts within the amended project area, all pursuant <br />to and in accordance with Minnesota ~tatutes, Chapter 472A, as <br />amended, and Minnesota Statutes, Sections 372.81 to 273.78, inclu- <br />sive, as amended. <br /> <br />1.02. This Council shall cause to be held on Tuesday, December <br />22, 1981, at 8:00 o'clock p.m. at the New Brighton City Hall, New <br />Brighton, Minnesota a hearing to investigate the facts with respect <br />thereto, a proposed amended Development Plan and Program for Devel- <br />opment District No. 1 (the "Development Plan "), defining more pre- "-"_. <br />cisely the additional property to be included in the Development <br />District and describing the action to be undertaken by the City to <br />aid in the development Objectives and activities of the Development <br />District, and shall cause to be prepared, and investigated the facts <br />with respect thereto, a proposed amendment to the Financing Plan for <br />Tax Increment District No. 1 defining more precisely the property to <br />be deleted from Tax Increment District No.1, and the creation of <br />new tax increment districts within the amended project area, and <br />