RES 1991-52 - 00003689'7?
RESOLUTION NO. 52 - 1991
RESOLUTION RECOMMENDING CERTAIN CHANGES IN TAX INCREMENT
FINANCING DISTRICT NO. 11 UNDER CERTAIN CONDITIONS
WHEREAS, the Fridley Housing and Redevelopment Authority and the
Fridley City Council have established Tax Increment Financing
District No. 11; and
WHEREAS, Tax Increment Financing District No. 11 includes three
parcels north of Osborne Road; and
WHEREAS, there is as yet no definite developer /property owner
commitment to redevelop property located on those three parcels.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Fridley, that if no development agreement is in place for these
properties by July 1, 1996, the City Council encourages the Fridley
Housing and Redevelopment Authority to remove the three parcels
from Tax Increment Financing District No. 11.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
1ST DAY OF JULY, 1991.
' WILLIAM NEE - MAYOR
ATTEST:
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SHIRLEY A. HAAPA - CITY CLERK