Res 2001-22 RESOLUTION NO.22-2001
A RESOLUTION MODIFYING THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING DISTRICT NO. 9 TO REFLECT A REDUCTION OF THE GEOGRAPHIC AREA OF THE
DISTRICT.
BE IT RESOLVED by the City Council (the "Council") of the City of Fridley, Minnesota, (the "City") as
follows:
Section 1. Recitals.
1.01. It has been proposed by the Housing and Redevelopment Authority (the "Authority") that the
Council modify, approve and adopt a Modified Tax Increment Financing Plan (the "Modified Tax
Increment Financing Plan") for Tax Increment Financing District No. 9 (the "TIF District")located
within Redevelopment Project No. 1 (the "Project Area")to reflect a reduction of the TIF District's
geographic area, pursuant to Minnesota Statutes, Section 469.174 through 469.179, inclusive, as
amended and supplemented from time to time.
1.02. The Authority has caused to be prepared, and this Council has investigated the facts with respect
thereto a Modified Tax Increment Financing Plan for the TIF District to reflect a reduction of the
TIF District's geographic area by removal of the following parcel:
PIN 12-30-24-41-0003,generally containing the Onan manufacturing facility
1.03. The Council has performed all actions required by law to be performed prior to the modification,
approval and adoption of the Modified Tax Increment Financing Plan.
1.04. The Council hereby determines that it is necessary and in the best interests of the City and the
Authority at this time to modify,approve and adopt the Modified Tax Increment Financing Plan to
reflect a reduction of the TIF District's geographic area.
Section 2. Findings.
2.01. The Council hereby finds,determines and declares that the Modified Tax Increment Financing Plan
conforms to the general plan for the development and redevelopment of the City as a whole in that
it is consistent with the City's comprehensive plan.
2.02. The Council further finds, determines and declares that the Modified Tax Increment Financing
Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the
development and redevelopment of the Project Area.
2.03. The Council further finds, determines and declares that the City made the above findings stated in
this Section 2 and has set forth the reasons and supporting facts for its determinations with respect
to the Modified Tax Increment Financing Plan.
Section 3. Modification,Approval and Adoption of Modified Tax Increment Financing Plan.
3.01. The Modified Tax Increment Financing Plan reflecting a reduction of the TIF District's geographic
area is hereby approved and adopted by the Council of the City.
Resolution No. 22-2001 Page 2
Section 4. Filing of Plans.
4.01. Upon approval and adoption of the Modified Tax Increment Financing Plan, the Authority shall
cause said Plan to be filed with the Commissioner of Revenue with the Anoka County Auditor.
PASSED AND ADOPTED BY THE CITY COUNCIL IN AND FOR THE CITY OF FRIDLEY,
MINNESOTA THIS 9TH DAY OF APRIL,2001.
IITT496.t1A4cUND MAYOR
ATTEST: /�
iiatiLa V ` i
DEBRA A. SKOG N,CI /CLERK
I
CERTIFICATION
I,Debra A. Skogen,the duly qualified clerk of the City of Fridley,County of Anoka,Minnesota,hereby
certify that the foregoing is a true and correct copy of Resolution No.22-2001 passed by the City Council
on the 9th Day of April,2001.
Debra A. Skogen,City Clerk