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Last modified
7/17/2007 8:41:08 AM
Creation date
12/2/2004 10:30:22 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9842
Resolution Title
Approving the Modification of the Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1 through 7 and 9 through 11 within Development District No. 1
Resolution Date Passed
11/27/2000
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<br />1) The City finds, determines and declares that with respect to the Modification: <br />a) The City is modifying the Plans to authorize the use of tax increments from <br />Tax Increment Financing Districts Nos. 1 through 7 and 9 through 11 for <br />project costs identified in the Modification. <br />b) The City reaffirms the findings previously made with respect to Tax <br />Increment Financing Districts Nos. 1 through 7 and 9 through 11. <br /> <br />2) The Modification conforms to the general plan for the development of the City <br />as a whole. <br /> <br />3) The Modification conforms in all respects to the requirements of the Act and will <br />help fulfill a need to develop an area of the State which is already built up to <br />provide employment opportunities to improve the tax base and to improve the <br />general economy of the State and thereby serves a public purpose and will afford <br />maximum opportunity, consistent with the sound needs for the City as a whole, <br />for the development or redevelopment of the project area by private enterprise in <br />that the intent is to provide only that public assistance necessary to make the <br />private developments financially feasible. <br /> <br />4) The Modification is hereby approved. <br /> <br />5) The City Manager is authorized and directed to file a copy of the Modification <br />with the Commissioner of Revenue. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />member Mastel and upon vote being taken thereon, the following voted in favor <br />thereof: Mastel, Goedeke, Maschka, Wiski and Kysylyczyn and the following <br />voted against the same: none. <br /> <br />Whereupon said resolution was declared duly passed and adopted. <br />
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