CCP 04-26-1993 - Laserfiche WebLink

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. . 93-29 RESOLUTION NO. RESOLUTION RELATING TO DEVELOPMENT DISTRlcr NO.1, TAX INCREMENT FINANCING DISTRlcr NO.3; ADOPTING AN AMENDMENT TO TIlE DEVELOPMENT PROGRAM AND APPROVING A TAX INCREMENT FINANCING PLAN THEREFOR AND THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS IN CONNECTION THEREWITH BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City, pursuant to Minnesota Statutes, Sections 469.124 to 469.134, as amended, has designated a development district within the City, denominated Development District No.1 (the "Development District"), adopted a development program therefor (as amended to date, the "Original Development Program"), and has established two tax increment fmancing districts therein. Officers of the City and Ehlers and Associates, Inc. have prepared an amendment to the Original Development Program for the Development District, denominated the Modified Development Program for Development District No. 1 (as so amended, the "Development Program"), which authorizes additional development activities within the Development District. The Development Program has been transmitted to the planning agency of the City, which has determined that the Development Program conforms to the general plan for the development of the City. Pursuant to Minnesota Statutes, Section 469.126, the adoption of the Development Program . is for the consideration of this Council. On Apri126, 1993, this Council conducted a public hearing on the desirability of adopting the Development Program. Notice of the public hearing was dulypublishedasrequiredby.lawin New Bri~hton Bulletin , the official newspaperoftheCity,on 4/14 ,1993. 1.02. Pursuant to the Minnesota Tax Increment Financing Act, Minrtesota Statutes, Sections 469.174 to 469.179, as amended (the "Act"), officers of the City and Ehlers and Associates, Inc. have prepared a tax increment financing plan (the "Plan"), which is now before this Council for approval. The Plan was prepared in conjunction with the amendment to the Original Development Program referred to in Section 1.01 and is the proposed method for financing the development activities currently proposed to be undertaken pursuant to the Development Program. The proposed tax increment financing district (the "District") comprises certain property within the Development District as described in the Plan. 1.03. Members of the Board of County Commissioners of Ramsey County and of the Board of Education of Independent School District No. 621 have been given an opportunity to meet with the City and comment on the Plan. Pursuant to Minnesota Statutes, Section 469.175, Subdivision 3, this Council on April 26, 1993, conducted a public hearing on the desirability of approving the Plan, in conjunction with the public hearing conducted on the proposed Re~eiEFmeWtProgrifu11 :NR:tic~ of the public hearing was duly publish17\ required by law in the ~g OTI U e ~1fue official newspaper of the City, on 4 ,1993. Section 2. Adoption of Develonment ProlP"am. On the basis of the proposed Development Program prepared by officers of the City and the information elicited from consultation with the planning agency and at the public hearing referred to in Section 1.01, it is hereby found, determined and declared: . --..-- .~