RES 2006-94 - 00014253RESOLUTION NO. 2006-94
A RESOLUTION CALLING FOR A PUBLIC HEARING ON MODIFICATIONS TO THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 AND THE TAX
INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS
NOS. 1-3,6-7,9 AND 11 -18, CREATION OF TAX INCREMENT FINANCING DISTRICT
NO. 19 AND APPROVAL AND ADOPTION OF A 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, February 26, 2007, commencing at approximately 7:30
o'clock p.m. at City Hall, 6431 University Avenue N.E., Fridley, Minnesota, to hold a public hearing on
the following: (a) modification of the Redevelopment Plan for Redevelopment Project No. 1 (the
"Project Area ") to reflect increased project costs and increased bonding authority within the Project
Area; (b) modification of the Tax Increment Financing Plans for Tax Increment Financing Districts
Nos. 1 -3, 6 -7, 9 and 11 -18 (the "Existing TIF Districts ") to reflect increased project costs and
increased bonding authority within the Project Area; and (c) creation of Tax Increment Financing
District No. 19 and approval and adoption of a Tax Increment Financing Plan relating thereto, all
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047 and 469.174 to
469.1799, inclusive, as amended and supplemented.
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
Redevelopment Plan and 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 Council of the City this 11TH day of December, 2006.
SCOTT rLtND, MAYOR
ATTEST:
"gA474J
CITY CLERK
Resolution
...
NOTICE OF PUBLIC HEARING
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
NOTICE IS HEREBY GIVEN THAT the City Council (the "Council ") of the City of Fridley,
Minnesota, will hold a public hearing on Monday, February 26, 2007, commencing at approximately
7:30 o'clock p.m. at City Hall, 6431 University Avenue N.E., Fridley, Minnesota, to hold a public
hearing on the following: (a) modification of the Redevelopment Plan for Redevelopment Project No.
1 (the "Project Area ") to reflect increased project costs and increased bonding authority within the
Project Area; (b) modification of the Tax Increment Financing Plans for Tax Increment Financing
Districts Nos. 1 -3, 6 -7, 9 and 11 -18 to reflect increased project costs and increased bonding authority
within the Project Area; and (c) creation of Tax Increment Financing District No. 19 and approval and
adoption of a Tax Increment Financing Plan relating thereto, all pursuant to and in accordance with
Minnesota Statutes, Sections 469.001 to 469.047 and 469.174 to 469.1799, inclusive, as amended and
supplemented. Copies of the documentation relating to the above proposed actions will be on file and
available for public inspection in the office of the City Clerk.
The property proposed to be included in Tax Increment Financing District No. 19 includes PIN 27 -30-
24 -14 -0003, the property immediately west of PIN 27- 30 -24 -14 -0003 and east of the railroad tracks,
and all adjacent streets, roads, easements and rights -of -way. and which is located generally at 5110
Main Street NE.
The attached map shows the boundaries of proposed Tax Increment Financing District No. 19, the area
from which tax increment revenues may be generated, and the boundaries of Redevelopment Project
No. 1, the area in which the tax increment revenues may be expended.
All interested persons may appear at the hearing and present their views orally or in writing.
BY ORDER OF THE CITY COUNCIL
City Manager
Resolution No. 2006-94
CITY OF
FRIDLEY
Redevelopment Project Areas and
Tax Increment Financing Districts
LEGEND
Existing TIF District
Existing Redevelopment Project Area
Railroad Corridor
� Proposed TI F District #19
Water Feature
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0.25 0.5
Miles