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Res 2000-69 RESOLUTION NO.69-2000 A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE MODIFICATION OF THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 AND THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NOS. 1,2, 3,6,7,9, 10, 11,12, 13,14,15 and 16 TO REFLECT INCREASED PROJECT COSTS WITHIN REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT OF PROPOSED TAX INCREMENT FINANCING DISTRICT NO. 17 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,October 23,2000,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 Nos. 1,2, 3, 6,7, 9, 10, 11, 12, 13, 14, 15 and 16 (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. 17 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 COUNCIL OF THE CITY THIS 11TH DAY OF SEPTEMBER, 2000. CY), GE, S• '-MAYOR A I hST: ipatitd allielra DEBRA SKOGEN-CITY CL RK CERTIFICATION I, Debra 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. passed by the City Council on the 11th day of September,2000. DEBRA SKOGEN-CITY CLERK 1/ Resolution No. 69-2000 Page 2 EXHIBIT A 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, October 23, 2000, at 7:30 o'clock p.m.,to be held at the Fridley City Hall, 6431 University Avenue N.E., Fridley, Minnesota,relating to the approval and adoption of a Modified Redevelopment Plan for Redevelopment Project No. 1 to reflect increased project costs, pursuant to Minnesota Statutes, Sections 469.001 to 469.047, inclusive. The hearing is also relative to the approval and adoption of Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1, 2, 3, 6, 7, 9, 10, 11, 12, 13, 14, 15 and 16 to reflect increased project costs within Redevelopment Project No. 1, pursuant to Minnesota Statutes, Sections 469.174 to 469.179, inclusive. The hearing is further relative to the approval and adoption of a proposed Tax Increment Financing Plan and the creation of proposed Tax Increment Financing District No. 17 pursuant to Minnesota Statutes, Sections 469.174 to 469.179, inclusive. 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. 17 is described below,and includes all adjacent rights-of-way: PIN 23-30-24-24-0014 Address: 5807 University Avenue PIN 23-30-24-24-0072 PIN 23-30-24-24-0073 Address: 5755 University Avenue PIN 23-30-24-24-0074 PIN 23-30-24-24-0075 Address:None Available PIN 23-30-24-24-0076 Address: 353 -57th Place PIN 23-30-24-24-0101 Address: 348-57th Place The attached map shows the boundaries of proposed Tax Increment Financing District No. 17, 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 /s/William W.Burns,City Manager (attach map) /17