Title
Amending the Redevelopment Plan for the Saint Paul Neighborhood Redevelopment Project Area, approving the establishment of the East Seventh Street and Bates Senior Housing Tax Increment Financing District, and approving tax increment financing plan thereof.
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; and
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; and
WHEREAS, said 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 of the Project Area; and
WHEREAS, the HRA has asked the Council to approve the Sixth Amendment of the Redevelopment Plan to enlarge the Project Area pursuant to and in accordance with Minnesota Statutes, Section 469.001 through 469.047 (the "HRA Act"); and
WHEREAS, the HRA has performed all actions required by law to be performed prior to the Sixth Amendment to the Redevelopment Plan, including, but not limited to, consultation with the Planning Commission. The HRA has requested that the City approve the Sixth Amendment to the Redevelopment Plan following the holding of a public hearing upon published and mailed notice as required by law; and
WHEREAS, Minnesota Statutes, Section 469.175 requires that before a county auditor may certify a tax increment financing district created under Minnesota Stat...
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