RES 1995-81 - 00002965139
RESOLUTION NO. 81 - 1995
A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE
' MODIFICATION OF THE REDEVELOPMENT PLAN FOR REDEVELOPMENT
PROJECT NO. 1 AND THE TAR INCREMENT FINANCING PLANS FOR
TAR INCREMENT FINANCING DISTRICTS NOS. 1, 2, 3, 6, 7,
9, 10, 11, 12, AND 13 TO REFLECT INCREASED PROJECT COSTS
WITHIN REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT
OF PROPOSED TAR INCREMENT FINANCING DISTRICT NO. 14 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 Monday, November 27, 1995 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.s 1, 2, 3, 6, 7, 9, 10, 11, 12, and 13 (the
"Existing TIF Districts ") 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. 14 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, 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 13TH DAY OF
NOVEMBER, 1995.
�Zvusl'11.ti.
WILLIAM J. NV - MAYOR
ATTEST:
WILLIAM A. CHAMPA - CITY PLERK