Title
Amending the redevelopment plan for the Koch-Mobil Redevelopment Project Area and approving the adoption of an amendment to the tax increment financing plan for the Koch Mobil Tax Increment Financing District. (District 9, Ward 2)
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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 Koch-Mobil 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 the First Amendment to the Koch-Mobil Redevelopment Project Area Plan (the “1st Amendment to Redevelopment Plan”) to enlarge the Project Area pursuant to and in accordance with the HRA Act.
WHEREAS, the HRA has performed all actions required by law to be performed prior to approving the 1st Amendment to Redevelopment Plan, including, but not limited to, consultation with the Planning Commission. The HRA has requested that the City approve the 1st Amendment to Redevelopment Plan following the holding of a public hearing upon published notice as required by law.
WHEREAS, the HRA has also asked the Council to approve the First Amendment to the Tax Increment Financing Plan (the “1st Amendment to TIF Plan”) for the Koch Mobil Tax Increment Financing District (the “TIF Di...
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