CCP 05-27-1997 - Laserfiche WebLink

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I' . I CITY OF ARDEN HILLS i' MEMORANDUM I DATE: May 21, 1997 TO: Mayor and City Council I FROM: Brian Fritsinger, City Administrato@ I SUBJECT: Resolution #97-28, Modifying Development Program I Request The City Council is asked to consider the adoption of Resolution #97-28, which modifies the I Development Program and Tax Increment Financing (TIF) Districts for the City of Arden Hills, Backeround I The City Council adopted Resolution #97-17 at its April 14, 1997 meeting, calling for a public hearing on the modifications of Development District No.1, and the modifications ofTIF Ie Districts No's, 1,2 and 3. Staff then provided written notice directly to the Mounds View School District and Ramsey County. Notice of the hearing was also published in the City's official newspaper. I The modifications being proposed are a result of the recent activity taking place in the Gateway Business District (GBD). The modifications being proposed are consistent with Minnesota State I Statute, Section 469,175. What are the modifications? I The modifications are: . To increase the boundaries of Development District No.1 to include a small area between County Road F, New Brighton Road, I-35W, and the railroad tracks. I . To decrease the boundaries of Development District No.1 by excluding an area south ofI-694, north of County Road F and south ofI-694, east of Old Highway 10. I . To increase the boundaries ofDevelopment District No.1 by including a portion of the Twin City Army Ammunition Plant (TCAAP) which is approximately the I western twenty-five percent (25%) of the property. . To clarify that the Tax Increment Financing District boundaries include all internal and adjacent streets and rights-of-way. . To clarify the budgets of the Tax Increment Financing Plans for TIF District No's. I 1,2 and 3. ft I