HRA RES 1986-21 - 000138041
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BE IT RES�VED by the Board of Commissioners (the "Commissioners") of the
Housing and Redevelopment Authority in and for the City of Fridley, Minnesota
(the "Authority"), as follaas:
SHC�L[lt7 1. Ibecitals.
1.01. It has been proposed, with respect to the Authority's Redevelopment
Pro]ect No. 1, that (a) the Authority amend the Modifietl Redevelopment Plan
relating thereto and established pursuant to and in acoordance with Minnesota
Statutes, Sections 462.411 to 462.716, inclusive, as amended, and that (b) the
Authority amend the Tax Incranent Financing Plans relating to Tax Increment
Financing Districts No. 2 through No. 8 to reflect the revised pro7ect costs
of the Modified Redevelognent Plan of Redevelognent Pro�ect No. 1 pursuant to
and in accordance with Minnesota Statutes, Sections 273.71 and 273.78,
inclusive, as amended (collectively, the "Proposed Amencbnents"}.
' 1.02. This Authority has investigated the facts and has caused to be pre�red
with respect thereto the Proposed Amenc3nents.
1.03. The Authority has performed all actions required by law to be performed
pnor to the adoption of the Proposed Amenc3nents.
1.04. The Board hereby determines that it is necessary and in the best
interest of the City and the Authority at this time to approve amendment of
tl�e Modified Redevelopment Plan and to approve the amendment of the Tax
Increment Financing Plans relating to Tax Increnent Fir�ncing Districts No. 2
through No. 8.
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Sub�ect to the finchng, determination and approval thereof by the Fridley City
Council, the proposed amenc�trnents of the Tax Increnent Financing Plans relating
to Tax Increnent Financing Districts No. 2 through ido. 8, as presented to the
Authority on this date, are hereby approved by the Commissioners of the
Authority.
S�7LTI�i 3. Ar�aroval of Amenc�rent of Modified Redevelowent Plan.
The proposed amenc}nent of the Modified Redevelo�ment Plan for Redevelopment
' Project No. 1, as presented to the Authority on this date, is hereL� approved
and adopted by the Commissioners of the Authority.
Page 2- Resolution No. HRA 21 - 1986
' �](RIOI�i 4. Filina of Plans.
The Authority shall cause the proposed Amen�nents, upon approval thereof by
the Fridley City Council, to be filed with the Minnesota De�rtment of Energy
and Econ�nic Develognent.
�SSED AND ALOFPED BY THE HWSING AND RIDEVELORIQ�7'T AUTHORITY OF TI3E CITY OF
FRIDLEY THIS 11TH IaAY OE DEC�7BER, 1986
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I,FYr�IRIIQ(� �A7ERS
CHAIRMAN