Title
Resolution (i) Authorizing a Home Loan, (ii) Approving an HRA Budget Amendment, (iii) Approving the Establishment of the Hamline Station East Tax Increment Financing District and (iv) Adopting a Tax Increment Financing Plan Therefor
Body
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 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 Authority 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;
WHEREAS, the Authority has investigated the facts and has caused the Tax Increment Financing Plan (the "Tax Increment Financing Plan") for the Hamline Station East Tax Increment Financing District (the "Tax Increment District") to be prepared; and
WHEREAS, the City Council of the City of Saint Paul, Minnesota (the "City"), on June 5, 2013, held a public hearing, approved the creation of the Tax Increment Financing District, within the Project Area, as a housing tax increment financing district, and adopted the Tax Increment Financing Plan therefor, all pursuant to Minnesota Statutes, Sections 469.174 through 469.1794 (the "Tax Increment Act"); 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 therefor, including, but not limited to, notification of the Ramsey County Commissioner representing the area of the County in which the Tax Increment District is ...
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