CCP 11-24-1997 - Laserfiche WebLink

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y w . CITY OF ARDEN HILLS ECONOMIC DEVELOPMENT AUTHORITY RAMSEY COUNTY STATE OF MINNESOTA EDA RESOLUTION NO. 97-02 RESOLUTION RATIFYING MODIFICATION OF DEVELOPMENT PROGRAM AND TAX INCREMENT FINANCING PLANS BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE ECONOMIC DEVELOPMENT AUTHORITY ("EDA") OF THE CITY OF ARDEN HILLS, MINNESOTA as follows: Section 1. Recitals. LOL The City of Arden I-lills ("City") previously established Development District No. 1 ("Development District") and Tax Increment Financing Districts Nos., 1,2 and 3 (the "TlF Districts") within the Development District, all pursuant to Minnesota Statutes, Sections 469.124 to 469.134 and Sections 469.174 to 469.179 (collectively, the "Act"). 1.02 By Resolution No. 97-18, approved April 14, 1997, the City Council of the City . of Arden Hills transferred control, authority and operation of the Development Districts and Tax Increment Financing Districts to the Economic Development Authority, pursuant to Minnesota Statutes, Section 469.094, Subd. 2. 1.03 By Resolution No. 97-28, approved May 27, 1997, the City Council approved a modification of the Development Program for the Development District and the Tax Increment Financing Plans ("TIF Plans") for the TIF Districts in accordance with the Act. 1.04 The EDA has reviewed the modified Development Program and TIF Plans as approved by the City on May 27, 1997. Section 2. Plans Ratified and Approved. 2.01 The EDA hereby ratifies and approves the modified Development Program and modified TIF Plans in the form approved by the City Council on May 27,1997. 2.02 The EDA ratifies all actions of the EDA and City staff and consultants in preparing the modified Development Program and TIF Plans and all actions taken by such staff and consultants since May 27, 1997 in connection with implementation of the modified plans. . ~ ~-