RES 2009-25 - 14605RESOLUTION NO. 2009 -25
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, 6-7,9,11-14 AND 16 -19, CREATION OF TAX INCREMENT
FINANCING DISTRICT NO. 20 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, September 28, 2009, commencing at approximately
7:30 o'clock p.m. at City Hall, 6431 University Avenue NE, 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 No. 1, 6 -7, 9, 11 -14 and 16 -19 (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. 20 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 CITY COUNCIL OF THE CITY OF FRIDLEY THIS
13TH DAY OF JULY 2009.
SCOTT J. LI MAYOR
ATTEST:
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DEBRA A. SKOGEN OITY CLERK
Resolution .
EXHIBIT A
NOTICE OF PUBLIC HEARING
CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
Exhibit
NOTICE IS HEREBY GIVEN THAT the City Council (the "Council ") of the City of Fridley,
Minnesota, will hold a public hearing on Monday, September 28, 2009, 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, 6 -7, 9, 11 -14 and 16 -19 to
reflect increased project costs and increased bonding authority within the Project Area; and (c)
creation of Tax Increment Financing District No. 20 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. 20 includes the
Parcel Identification Number 11- 30 -24 -34 -0002.
The property is generally located east of University Avenue NE and south of 71St Avenue NE.
The attached map shows the boundaries of proposed Tax Increment Financing District No.
20, 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.
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/s/
City Manager
(attach map)
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