Res 1999-65 RESOLUTION NO.65-1999
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
THROUGH 3,6,7 AND 9 THROUGH 16,TO REFLECT ENLARGEMENT OF THE PROJECT
AREA AND INCREASED PROJECT COSTS TO BE UNDERTAKEN WITHIN
REDEVELOPMENT PROJECT NO. 1 AND THE EXTENSION OF THE DURATION OF TAX
INCREMENT FINANCING DISTRICT NO.6 PURSUANT TO A SPECIAL LAW.
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 11, 1999, 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 (the
"Project Area"), to reflect enlargement of the Project Area and increased project costs to be undertaken
therein, 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 through 3, 6, 7, and 9 through 16, to reflect enlargement
of the Project Area and increased project costs to be undertaken therein, pursuant to Minnesota Statutes,
Section 469.174 through 469.179, inclusive, as amended and supplemented from time to time; and (c) the
further modification of the Modified Tax Increment Financing Plan for Tax Increment Financing District No.
6 to reflect the extension of the duration of such district,pursuant to Laws of Minnesota 1999, Chapter 243,
Article 10, Section 23.
Section 2. Notice Qf 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 proposed
Modified Redevelopment Plan and the proposed Modified Tax Increment Financing Plans (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 13TH DAY OF SEPTEMBER,
1999.
41P4a.i .am '2'u41-tU\-/
N'1 CY y r'G 7 S•i4 -MAYOR
ATTEST:
v CDE B A. SKON-C CLERK
Resolution No. 65-1999 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 11, 1999, at 7:30 o'clock p.m., to be held at the
Fridley, City Hall, 6431 University Avenue N.E., Fridley, Minnesota, relating to (a) the approval and
adoption of a proposed Modified Redevelopment Plan for Redevelopment Project No. 1 (the"Project Area")
to reflect enlargement of the Project Area and increased project costs to be undertaken therein, pursuant to
Minnesota Statutes, Sections 469.001 to 469.047, inclusive, and (b) the approval and adoption of proposed
Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1 through 3, 6, 7, and 9
through 16, to reflect enlargement of the Project Area and increased project costs to be undertaken therein,
pursuant to Minnesota Statutes, Sections 469.174 to 469.179, inclusive. The hearing is also relative to the
approval and adoption of the proposed Modified Tax Increment Financing Plan for Tax Increment Financing
District No. 6, to reflect the extension of the duration of the district, pursuant to Laws of Minnesota 1999,
Chapter 243,Article 10, Section 23. Copies of the documentation relating to the above proposed actions will
be on file and available for public inspection in the City Clerk's office.
No additional property will be included within a tax increment financing district as a result of this
proposed modification. Attached hereto is a map showing the geographic boundaries of Tax Increment
Financing District Nos. 1 through 3, 6, 7, and 9 through 16, the areas from which tax increments revenues
may be generated, and proposed Redevelopment Project No. 1,the area within which 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/City Manager
(attach map)