RES 1992-57 - 00003495160
RESOLUTION NO. 57 - 1992
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
MODIFICATION OF THE REDEVELOPMENT PLAN FOR REDEVELOPMENT
PROJECT NO. 1 TO REFLECT INCREASED PROJECT COSTS, THE
MODIFICATION OF THE TAX INCREMENT FINANCING PLANS FOR TAX
INCREMENT FINANCING DISTRICTS NO. 1 THROUGH NO. 12 TO
REFLECT INCREASED PROJECT COSTS WITHIN REDEVELOPMENT
PROJECT NO. 1 AND THE ESTABLISHMENT OF PROPOSED TAX
INCREMENT FINANCING DISTRICT NO. 13 AND THE APPROVAL AND
ADOPTION OF THE PROPOSED TAX INCREMENT FINANCING PLAN
RELATING THERETO
BE IT RESOLVED by the City Council (the "Council ") of the City of Fridley,
Minnesota (the "City "), as follows:
Section 1. Public Hearing.
1.01. This Council shall meet on Tuesday, September 8, 1992, commencing at
7:30 o'clock p.m. at City Hall, 6431 University Avenue N.E., Fridley,
Minnesota, to hold a public hearing on the following matters: (a) the
modification of the Modified Redevelopment Plan for Redevelopment Project
No. 1 to reflect increased project costs, pursuant to and in accordance with
Minnesota Statutes, Sections 469.001 to 469.047, inclusive, as amended and
supplemented from time to time; (b) the modification of the Modified Tax
Increment Financing Plans for Tax Increment Financing Districts No. 1 through
o. 12 to reflect increased project costs within Redevelopment Project No. 1,
ursuant to Minnesota Statutes, Section 469.174 through 469.179, inclusive,
s amended and supplemented from time to time; and, (c) the establishment of
proposed Tax Increment Financing District No. 13 and approve and adopt the
proposed Tax Increment Financing Plan relating thereto pursuant to and in
accordance with Minnesota Statutes, Section 469.174 to 469.179, inclusive,
as amended and supplemented from time to time.
Section 2. Notice of Hearing: Filing of Plans.
2.01. The City Clerk is authorized and directed to cause notice of the
public hearing, substantially in the form attached hereto as Exhibit A, to
be published as required by law, to place a copy of the Modified
Redevelopment Plan, the Modified Tax Increment Financing Plans and the
proposed Tax Increment Financing Plan (collectively the "Plans ") on file in
the City Clerk's office and to make such Plans available for inspection by
the public.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 3RD DAY
OF AUGUST, 1992.
WILLIAM J NEE - MAYOR
ITTEST:
G
SHIRLEY A. PALA - CXTY CLERK