Title
Approving the adoption of a first amendment to the Tax Increment Financing Plan for the Pioneer Endicott Redevelopment Tax Increment Financing District.
Body
WHEREAS, the City Council of the City of Saint Paul (the “Council”) has the statutory responsibility under Minnesota Statutes, Section 469.028, to approve redevelopment plans and projects of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”), after public hearing thereon;
WHEREAS, the HRA has heretofore established the Saint Paul Neighborhood Redevelopment Project Area (the “Project Area”) and has adopted a redevelopment plan therefor (the “Redevelopment Plan”) pursuant to Minnesota Statutes, Sections 469.001 to 469.047, as amended (the “HRA Act”);
WHEREAS, the Redevelopment Plan contains an identification of need and statement of objectives and program of the HRA for carrying out a redevelopment project, including property to be acquired, public improvements to be provided, development and redevelopment to occur, and sources of revenue to pay redevelopment costs within the Project Area;
WHEREAS, the HRA has asked the Council to approve a First Amendment to the Tax Increment Financing Plan (the “1st Amendment to TIF Plan”) for the Pioneer Endicott Redevelopment Tax Increment Financing District (the “TIF District”), which is located within the Project Area, heretofore created as a redevelopment tax increment financing district under Minnesota Statutes, Section 469.174, Subdivision 10, to amend and increase the budget for the TIF District all pursuant to and in accordance with Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the “TIF Act”);
WHEREAS, the HRA has performed all actions required by law to be performed prior to the adoption of the 1st Amendment to TIF Plan including, but not limited to, notification of the Ramsey County Commissioner representing the area of the County in which the TIF District is located, and delivering a copy...
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