Title
Resolution (i) Amending the Redevelopment Plan for the Saint Paul Neighborhood Redevelopment Project Area, (ii) Approving the Establishment of the East 7th and Bates Tax Increment Financing District, (iii) Adopting a Tax Increment Financing Plan therefor and (iv) Approving an HRA budget Amendment, District 4, Ward 7.
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WHEREAS, the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (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"); and
WHEREAS, said Redevelopment Plan contains an identification of need and statement of objectives and program of the HRA for carrying out of 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; and
WHEREAS, it has been proposed that the HRA amend the existing redevelopment plan (the "Redevelopment Plan") for the Saint Paul Neighborhood Redevelopment Project Area (the "Project Area") to enlarge the Project Area pursuant to the HRA Act; and
WHEREAS, the HRA has investigated the facts and has caused to be prepared a Sixth Amendment to the Saint Paul Neighborhood Redevelopment Plan (the "6th Amendment").
WHEREAS, the City Council held a public hearing on September 3, 2014, on the adoption of the 6th Amendment, made the findings required by the HRA Act and approved the adoption of the 6th Amendment; and
WHEREAS, the HRA has investigated the facts and has caused the Tax Increment Financing Plan (the "TIF Plan") for the East 7th and Bates Tax Increment Financing District (the "TIF District") to be prepared; and
WHEREAS, the City Council of the City of Saint Paul, Minnesota (the "City"), on Se...
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