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1997 Resolutions
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<br />CITY OF CENTERVILLE <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION 97-20 <br /> <br />RESOLUTION ADOPTING THE MODIFICATION TO THE TAX INCREMENT <br />FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-3 <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the City ofCenterville, <br />Minnesota (the "City"), as follows: <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01. The City has heretofore established Development District No. 1 and adopted the <br />Development Program therefor and established Tax Increment Financing District No. 1-3 and <br />adopted the Tax Increment Financing Plan therefor. It has been proposed that the City modify the <br />Tax Increment Financing Plan for Tax Increment Financing District 1-3 ("District No. 1-3") to <br />allow for the spending of additional tax increments generated from District No 1-3 for the <br />purchase of land within the City of Centerville. <br /> <br />1.02. The Council has investigated the facts and caused to be prepared the Modification <br />to the Tax Increment Financing plan (the "Plan") for Tax Increment Financing District No 1-3. <br /> <br />1.03. The City has performed all actions required by law to be performed prior to the <br />adoption and approval of the proposed Plan, including, but not limited to, notification of Anoka <br />County and School District No. 12 having taxing jurisdiction over the property included in Tax <br />Increment Financing District No. 1-3, a review of and written comment on the Plan by the City <br />Planning Commission, and the holding of a public hearing upon published notice as required by <br />law. <br /> <br />Section 2. <br /> <br />Findings for the Adoption and Approval of the Plan <br /> <br />2.01 The Council hereby finds that the Plan, is intended and, in the judgement of this <br />Council, the effect of such actions will be, to provide an impetus for development in the public <br />purpose and accomplish certain objective as specified in the Plan, which are hereby incorporated <br />herein. <br /> <br />Section 3. <br /> <br />Findings for the Modification of Tax increment Financing District No. 1-3. <br /> <br />3.01. The Council hereby reaffirms its original findings that Tax Increment Financing <br />District No. 1-3 is in the public interest and is an "economic development district" under <br />Minnesota Statutues, Section 469.174, subd. 12. <br /> <br />3.02 The Council further finds that the proposed developments would not occur solely <br />through private investment within the reasonable foreseeable future and that the increased market <br /> <br />.. <br />
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