HRA RES 1985-04 - 00013728�
RESOLUTION N0. HRA 4-1985
A RESOLUTTON RDQUESTTNG 7.ilE CITY COUNCIL OF THE CITY OF
FRIDLEY 7�D APPROVE AbID ADOPT THE MODIFIED REDEVELOPMENT
PLAN FOR RIDEV$[,OPMII9T PRQ7EX'P N0. 1 P,l�ID THE MODIFIED TAX
IN�'III�T FINANCING PLANS FOR 'ISiE TAX INCRF3+IENT DISTRIGTS
WITHTN RIDEVIIAPMENT PRQTECE N0. 1 AND TO FACILITATE THE
REF[7AIDING OF 7.fIE GIIVERAL OBLIGATION TAX INCRII�IENP BOfIDS OF
THE d1U'iHORITY
BE IT RESOLUED by the Commissioners of the Housing and Redevelopment Authority
(the "Authority") in and for the City of Fridley, R+linnesota (the "City"), as
follows:
1. 7`he Authority has approved and adopted the modification of the Nlodified
Redevelopment Plan for Redevelopment Pro�ect No. 1(the "Redevelopment
Pro�ect") pursuant to and in accordance with ri7innesota Statutes, Sections
462.411 to 462.716, inclusive, as amended, �nd has further rnndified the
Modified Tax Increment Financing Plans for 4'ax Increraent Districts Ldo. 1
throuqh 5 within Redevelopment Project No. 1("the Tax Increment Financing
Districts"), pursuant to and in accordance wLtl� Minnesota Statutes, Sections
273.71 to 273.86 inclusive, as amended, in order to facilitate the refunding
� of the general obligation tax increment bonds of the I�uthority.
2. The Authority hereby requests the City Council of the City to consider the
modxfication of the i•lodified Redevelopment Plan for the Redevelopment Pro�ect
and the Tax Increment Financing Plans for the Tax Increment Financing
Districts and to approve and adopt by resolution the recommended saic]
maiifications.
3. The Executive Dlrector of the Authority is hereby directec3 to submit a
cop� of the Modified Redevelopment Plan for Redevelopment Pro7ect No. 1 and
the Plodified Tax Incranent Financing Plans for the Tax Increment Financirag
Districts to the City Council for its approval.
PASSED ADID ADOPT� BY THE FIOUSING A1� RIDEVELOPI+IENT AUZT30R1TY OF THE CITY OF
FRIDLEY THIS 14TH DAY OF FEBRUARY� 1985
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