Title
Resolution Approving the Establishment of a Tax Increment Financing District and Approving a Tax Increment Plan and Approving an HRA Budget Amendment and Approving a Development Agreement (Pioneer Endicott Redevelopment Project), District 17, Ward 2
Body
1.01 WHEREAS the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota ("Authority") has heretofore established the Saint Paul Neighborhood Redevelopment Project Area (the "Project Area") and has adopted a redevelopment plan therefore (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 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, within the Redevelopment Project Area, the Authority create the Pioneer Endicott Tax Increment Financing District (the "Tax Increment District"), as a redevelopment tax increment financing district, and adopt an Amended and Restated Tax Increment Financing Plan (Pioneer Endicott Redevelopment Project) (the "Tax Increment Financing Plan") therefore, all pursuant to Minnesota Statutes, Sections 469.174 through 469.1799 (the "Tax Increment Act"); and
WHEREAS, the Authority has investigated the facts and has caused to be prepared the Tax Increment Financing Plan for the Tax Increment District; and
WHEREAS, the Authority has performed all actions required by law to be performed prior to the creation of the Tax Increment District and adoption of a Tax Increment Financing Plan therefore, including, but not limited to, notification of the Ramsey County Commissioner representing the area of the County in which the Tax Increment District is locat...
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