RES 2005-28 - 00013432RESOLUTION NO. 2005-28
A RESOLUTION CALLING FOR A PUBLIC HEARING ON MODIFICATIONS TO THE
REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 AND THE TAX
INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NOS. 1 -3,
6 -7 AND 9 -17, CREATION OF TAX INCREMENT FINANCING DISTRICT NO. 18 AND
APPROVAL AND ADOPTION OF A 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, August 8, 2005, commencing at approximately 7:30 o'clock p.m. at
City Hall, 6431 University Avenue N.E., Fridley, Minnesota, to hold a public hearing on the following: (a)
modification of the Redevelopment Plan for Redevelopment Project No. 1 (the "Project Area ") to reflect
increased project costs and increased bonding authority within the Project Area; (b) modification of the Tax
Increment Financing Plans for Tax Increment Financing Districts Nos. 1 -3, 6 -7 and 9 -17 (the "Existing TIF
Districts ") to reflect increased project costs and increased bonding authority within the Project Area; and (c)
creation of Tax Increment Financing District No. 18 and approval and adoption of a Tax Increment Financing
Plan relating thereto, all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047
and 469.174 to 469.1799, inclusive, as amended and supplemented.
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 13"' day of June, 2005.
MAYOR
ATTEST:
CERTIFICATION
I the duly qualified Clerk of the City of Fridley, County of Anoka, State of
Minnesota, hereby certify that the foregoing is a true and correct copy of Resolution No. passed by the City
Council on the day of 2005.
CITY CLERK
Resolution 2005 -28
EXHIBIT A
NOTICE OF PUBLIC HEARING
CITY OF FRIDLEY
COUNTY OFANOKA
STATE OF MINNESOTA
Page 2
NOTICE IS HEREBY GIVEN THAT the City Council (the "Council ") of the City of Fridley, Minnesota, will
hold a public hearing on Monday, August 8, 2005, commencing at approximately 7:30 o'clock p.m. at City Hall,
6431 University Avenue N.E., Fridley, Minnesota, to hold a public hearing on the following: (a) modification of
the Redevelopment Plan for Redevelopment Project No. 1 (the "Project Area ") to reflect increased project costs
and increased bonding authority within the Project Area; (b) modification of the Tax Increment Financing Plans
for Tax Increment Financing Districts Nos. 1 -3, 6 -7 and 9 -17 (the "Existing TIF Districts ") to reflect increased
project costs and increased bonding authority within the Project Area; and (c) creation of Tax Increment
Financing District No. 18 and approval and adoption of a Tax Increment Financing Plan relating thereto, all
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047 and 469.174 to 469.1799,
inclusive, as amended and supplemented. 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. 18 includes the following PINs.:
23- 30 -24 -22 -0129
23- 30 -24 -22 -0135
23- 30 -24 -23 -0014
23- 30 -24 -22 -0130
23- 30 -24 -22 -0136
23- 30 -24 -23 -0015
23- 30 -24 -23 -0129
and all adjacent streets, easements and rights -of -way:
23- 30 -24 -22 -0133
23- 30 -24 -22 -0150
23- 30 -24 -23 -0016
23- 30 -24 -23 -0130
23- 30 -24 -22 -0134
23- 30 -24 -23 -0013
23- 30 -24 -23 -0128
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)