6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083

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CITY OF ARDEN HII.L� RAMSEY COUNTY STATE Ok' NIINNESOTA Council txaettzber introduced the Following resolution and moved its adoption: RESOLUTION NO. 2Q10-082 RESOLUTION ADOPTING A MODIFICATION TO THE DEVELOPMENT PRQGRAM FQR DEVELOPMENT DISTRICT NO. 1; AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 4 THEREIN AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLV�D by the City Council {the "Council") of the City of Arden Hills, Minnesota (the "City"}, as follows: Saction 1. Recitals 1.01. The Council has heretofore established Development District No. 1 and adopted tkie Development Pzogram therefor. Ii has been proposed by the City that the City adopt a Modification to the Development �'rogrann for Development District Na. 1(the "Development Program Modification") and establish T� Increment Financing District No. 4(the "District") therein and adopt a Tax Increz�nent Financing Plan. {the "TIF Plan") therefor {�ie Development Program Modification and the TIF Fla� are referred to colIectively herein as �the °Program and Plan"); all pursuant ta and in conformity with applicable law, including Minnesota SEatutes, Sections 469.i24 to 469.134 and Sections 4G9.174 to 4b9.1799, all inclusive, as amended, (the "Act") a�l as reflected in the Program and Plan, and presented far the Council's consideration. 1.02. The City has investigated the facts relating to the Prograrr� and Plan and has caused the Progra� and Plan to be prepared. 1.03. The City k�as perfonmed aIl actions required by law to be performed priar ta the establishment of the District and the adoption and approval of the proposed Program and Plan, including, but not limited to, notification of Ramsey County and Iz�dependent School District No. 621 h:aving taxing jurisdiction over the property to be in.cluded in the District, a review of a�n.d written cozr�naent on the Pragram and Plan by the City Planning Commission on Decetnber 8, 2010, and the holding of a public hearing upon published notice as required by law. 1.04. Cerkain written reports (the "Repor�s") relating to the �rogram and Plan and to the activities contemplated therein have heretofore been prepared by staff and consultants and submitteci to the Council ar�d/or �aaade a part of tlae City files and proceedings on the Program ar�d Plan. The Reports, including the redevelopment quaIifications reports and planning docunnents, incIude data, information andlor suhstantiation constituting or relating to the basis for the other findings and determinaiions made in this resolution. The Council hereby confirms, ratifies and ad4pts the Reports, which are hereby incorporated into and made as fully a part of this eesolution to the same extent as if set forth in £uli herein. 1.45 The City is additionalIy modifying the boundaries af DeveIopment District No. 1.