Laserfiche WebLink
Exhibi� A <br />AM�NDMENT BY SUPPLEMENT TO <br />TAX �1CR�MENT FZNANCING PLAN <br />FOR TAX iNC�EMENT FTNANCING <br />DZSTR�CT NO. 1 <br />AND TO <br />DEVELOI'MENT PROGRA�VI FOR DEVELOPMENT <br />DISTRICT NO. 1, RET�EVELOPMENT PLAN �'OR <br />REDEVELO�'MENT FR�JECT AREA AND <br />INDiISTRIAL DEVELOPivI�NT D�STRTCT �IQ. 1 PLA�I <br />I�i:rod�ction <br />Tax ��cre�ent Financing District No. 1 of the City of Roseville, Minnesoia, wa� <br />c;�tablished by a resolution adop�ed October 13, 1982, wi�hin the Ci��'s Development Districi Na. <br />i also establzs�ed October � 3, 1982. �n additio� T� Incre�.e�at �'x�aar�cin.g District No. 1 is <br />within the Cil;y's Redevelopment Project Area and its I�dustrial Development District No. 1. <br />T�is arr�enc�rraent ame�r�s by supplement the �a� increm�nt �nancing pl�,n for Tax <br />Tncrerac�e�t Financing Disirict �a. 1(Miar�nesnta Stat�tes, Sections A�69.174 et„se�.), a�d als4 <br />atnends by supplement t�e p�ans for the City's Redevelo�ment Project Area (Minnesota S�atutes, <br />Sections 496.001 et Seq.) and its Indus�rial Developamen� District Na 1{Minnesnta Statutes, <br />Seetaons 469.Q48 et �ea.) a�d ti�e develo�ment program �'or the City's De�elopment District No. <br />1(Minn�sota Sta�utes, Sections 469.124 et sea•), all as previQUSly a�mended nunr�ero�rs�y. <br />The amendmenfi adc�resses developmen� to oceur and to be financed by tax inere�ents <br />receivec� in 2008 arad 2009. Expenditwres, i�ncludi�g expenditures of �ax i�cremenis, may occt� <br />after 2009. <br />Confi�ation <br />Exeept as �rovided below, the �ax inerement financing plan for Tax Tnerement Pinancrng <br />District No. 1, ih� developmen� program fnr Develnpn�ent Dist�ict No. 1, the redeveloprrtezzt plan <br />for ��e R.ec�evelo�naant Praject Area, a�.d t.�ie plaz� �'or Industrial Developz�ent Distriet No. 1 are <br />confirmec� as rnost recently a�nenc�ed. <br />A�e�dment <br />1. Durai:ion. The duratian of Tax Incre�raeni �'inancing 17istric� Na. � is l�exeby <br />exten�ed �o, a�d confirz�a.ed to be, Deeembez 31, 2p09.. The City may have provided earlier for <br />termination of the tax increment distric� on December 31, 2007; if so, such earlier aciion is <br />hereby repealed and rescinded. Th� ta� increment plan as ariginally ac�a�ted coniemp�ated t�e <br />duraiio� af the distr�ct for the ma�im� 25 yeaz•s from date of receipt by the City of the first t� <br />increment, w%ich occurred in 1984. <br />z�ass�z.�s <br />