Res 1999-100 RESOLUTION NO. 100 - 1999
A RESOLUTION MODIFYING 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.
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 Redevelopment Plan relating to
Redevelopment Project No. 1 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.
1.02. It has been further proposed by the Authority that the Council modify, approve and adopt
Modified Tax Increment Financing Plans for Tax Increment Financing Districts Nos. 1
through 3, 6, 7 and 9 through 16 (the "Existing TIF Districts") to reflect enlargement of
the project area and 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.
1.03. The Authority has caused to be prepared, and this Council has investigated the facts with
respect thereto, a Modified Redevelopment Plan for Redevelopment Project No. 1 and
Modified Tax Increment Financing Plans for the Existing TIF Districts to reflect
enlargement of the project area and increased project costs within Redevelopment Project
No. 1, defining more precisely the property to be included, the public costs to be incurred,
and other matters relating thereto.
1.04. The Council has performed all actions required by law to be performed prior to the
modification, approval and adoption of the Modified Redevelopment Plan and the
Modified Tax Increment Financing Plans.
1.05. 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 Redevelopment
Plan and the Modified Tax Increment Financing Plans to reflect enlargement of the
project area and increased project costs to be undertaken within Redevelopment Project
No. 1.
Resolution No. 100 Page 2
Section 2. Findings.
2.01. The Council hereby finds, determines and declares that the assistance to be provided
through the adoption and implementation of the Modified Redevelopment Plan and
Modified Tax Increment Financing Plans are necessary to assure the development and
redevelopment of Redevelopment Project No. 1.
2.02. The Council hereby finds, determines and declares that the Modified Redevelopment Plan
and Modified Tax Increment Financing Plans conform to the general plan for the
development and redevelopment of the City as a whole in that they are consistent with the
City's comprehensive plan.
2.03. The Council hereby finds, determines and declares that the Modified Redevelopment Plan
and Modified Tax Increment Financing Plans afford maximum opportunity consistent
with the sound needs of the City as a whole for the development and redevelopment of
Redevelopment Project No. 1 by private enterprise and it is contemplated that the
development and redevelopment thereof will be carried out pursuant to redevelopment
contracts with private developers.
2.04. The Council hereby finds, determines and declares that the approval and adoption of the
Modified Redevelopment Plan for Redevelopment Project No. 1 and the Modified Tax
Increment Financing Plans for the Existing TIF Districts by the City is intended and, in
the judgment of this Council, its effect will be to promote the purposes and objectives
specified in this Section 2 and otherwise promote certain public purposes and accomplish
certain objectives as specified in the Modified Redevelopment Plan and Modified Tax
Increment Financing Plans.
2.05. The Council hereby 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 each
determination in the Modified Redevelopment Plan and the Modified Tax Increment
Financing Plans.
Section 3. Modification.Approval and Adoption of Modified Redevelopment Plan.
3.01. The modifications to the Redevelopment Plan for Redevelopment Project No. 1,
reflecting enlargement of the project area and increased project costs to be undertaken
within Redevelopment Project No. 1, are hereby approved and adopted by the Council of
the City.
Section 4. Modification.Approval and Adoption of Modified Tax Increment Financing Plans.
4.01. The modifications to the Tax Increment Financing Plans for the Existing TIF Districts,
reflecting enlargement of the project area and increased project costs to be undertaken
within Redevelopment Project No. 1, are hereby approved and adopted by the Council of
the City.
Resolution No. 100 Page 3
Section 5. Filing of Plans.
5.01. Upon approval and adoption of the Modified Redevelopment Plan and the Modified Tax
Increment Financing Plans (collectively the "Plans"), the City shall cause said Plans to be
filed with the Commissioner of Revenue.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY,
MINNESOTA, THIS 13th DAY OF DECEMBER 1999.
• ` , i "9 -ON-MAYOR
ATTEST:
(1,A41
DEBRA A. SKOGEN-,ITY CLERK
I
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.I9`,-goo passed
by the City Council on the 13th' day of :Tf.t-she°✓ , 1999.
;-6.,a,i __,
Deb Skogen, City Clerk