RES 1995-02 - 000028501
3
RESOLUTION NO. 2 - 1995
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE MODIFICATION OF THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 TO REFLECT INCREASED
GEOGRAPHIC AREA AND INCREASED PROJECT COSTS, THE MODIFICATION OF THE TAR
INCREMENT FINANCING PLANS FOR TAR 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 Hearine.
1.01. This Council shall meet on Monday, February 13, 1995 commencing at 7:30
o'clock p.m. at the Fridley Municipal Center, 6431 University Avenue
N.E., 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 geographic area and 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 No. 12 to reflect increased
project costs within Redevelopment Project No. 1, pursuant to Minnesota
Statutes, Section 469.174 through 469.179, inclusive, as amended and
supplemented from time to time; and (c) the establishment of proposed Tax
Increment Financing District No. 13 and the approval and adoption of 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 9TH DAY OF
JANUARY, 1995.
ATTEST:
I
L, Q.
WILLIAM A. CHAMPA - CITY CLERK
C�'�`
WILLW J. NEE - MAYOR