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RES 1993-56 - 000032411 71 RESOLUTION NO. 56 - 1993 A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE MODIFICATION OF THE REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 TO REFLECT INCREASED GEOGRAPHIC AREA AND INCREASED PROJECT COSTS, THE MODIFICATION OF THE TAR INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NO. 1 THROUGH NO. 12 TO REFLECT INCREASED PROJECT COSTS WITHIN REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT OF PROPOSED TAX INCREMENT FINANCING DISTRICT NO. 13 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, September 13, 1993 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 geographic area and 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 No. 1 through No. 12 to reflect increased project costs within Redevelopment Project No. 1, pursuant to Minnesota Statutes, Sections 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. 13 and approve and adopt 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 CITY COUNCIL OF THE CITY OF FRIDLEY THIS 16TH DAY OF AUGUST, 1993. WILLIAM EE - MAYOR ATTEST: i Q WILLIAM A. CHAMPA - CITY LERK