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<br /> .. 1 <br /> CITY OF ARDEN HILLS I <br /> RAMSEY COUNTY .. <br /> STATE OF MINNESOTA <br /> Councilmember introduced the following resolution and moved its <br /> adoption: I <br /> RESOLUTION NO. 97-28 <br /> RESOLUTION MODIFYING DEVELOPMENT DISTRICT NO.1 I <br /> AND ADOPTING THE MODIFICATION <br /> TO THE DEVELOPMENT PROGRAM THEREFOR; AND I <br /> MODIFYING TAX INCREMENT FINANCING DISTRICTS NO'S. 1,2 AND 3 <br /> WITHIN DEVELOPMENT DISTRICT NO.1 <br /> AND ADOPTING RELATED MODIFICATIONS TO THE I <br /> TAX INCREMENT FINANCING PLANS THEREFOR <br /> BE IT RESOLVED by the City Council (the "Council") of the City of Arden Hills, Minnesota I <br /> (the "City"), as follows: <br /> Section 1. Recitals. I <br /> 1.01 The City has heretofore established Development District No.1, and adopted the ~ <br /> Development Program therefor and established Tax Increment Financing Districts <br /> No's. 1,2 and 3 and adopted the Tax Increment Financing Plans therefor. There <br /> is a proposal to allow for the spending of additional tax increments generated 1 <br /> from Tax Increment Financing Districts No's. 1,2 and 3 for other housing and <br /> redevelopment related projects in Development District No.1, and to expand the <br /> boundaries of Development District No. 1. . <br /> 1.02 The Council has investigated the facts and has caused to be prepared a <br /> Modification to the Development Program for Development District No.1; and I <br /> the Modifications to the Tax Increment Financing Plans for Tax Increment <br /> Financing Districts No's. 1, 2 and 3; (collectively, the "Modifications") all I <br /> pursuant to and in accordance with Minnesota Statutes, Sections 469.124 to <br /> 469.132, and 469.174 to 469.179, inclusive, as amended (the "Acts''); and <br /> 1.03 The City has performed all actions required by law to be performed prior to the I <br /> adoption and approval of the proposed Modifications, including, but not limited <br /> to, notification of Ramsey County and School District No. 621 having taxing I <br /> jurisdiction over the property in Tax Increment Financing Districts No's. 1,2 and <br /> 3, a review of and written comment on the Modifications by the City Planning <br /> Commission, and the holding of a public hearing upon published notice as I <br /> required by law. <br /> .. <br /> I <br /> -----..--------- <br />