Title
Resolution approving (i) the adoption of a First Amendment to the Tax Increment Financing Plan for the Pioneer Endicott Redevelopment Tax Increment Financing District and (ii) an HRA budget amendment, District 17, Ward 2
Body
WHEREAS, 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, 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; and
WHEREAS, it has also been proposed that the HRA amend the Tax Increment Financing Plan (the “TIF Plan”) for the Pioneer Endicott Redevelopment Tax Increment Financing District (the “TIF District”), which is located in the Project Area, to amend and increase the budget for the TIF District pursuant to and in accordance with the HRA Act and Minnesota Statutes, Sections 469.174 through 469.1794, inclusive, as amended (the “TIF Act”); and
WHEREAS, the HRA has investigated the facts and has caused to be prepared a First Amendment to the Tax Increment Financing Plan (the “1st Amendment to TIF Plan”); and
WHEREAS, the HRA or the Council has performed all actions required by law to be performed prior to the 1st Amendment to TIF Plan, including, but not limited to, notification of the Ramsey County Commissioner representing the area of the County in which the TIF District is located, and delivering a copy of the 1st Amendment to TIF Plan to Ramsey County and Independent School District Number 625, which have taxing jurisdictio...
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