Title
Amending the Tax Increment Financing Plan for the Saint Paul Neighborhood Scattered Site Tax Increment Financing District No. 100 and No. 148.
Body
BE IT RESOLVED by the City Council of the City of Saint Paul, Minnesota (the “City”) as follows:
Section 1. Recitals.
1.01 The Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “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.
1.02 The Authority has asked the City Council to approve the amendment to the Tax Increment Financing Plan (the “TIF Plan”) for the Saint Paul Neighborhood Scattered Site Tax Increment Financing District No. 100 and No. 148 heretofore created as a redevelopment tax increment financing district under Minnesota Statutes, Section 469.174, Subdivision 10 (the “TIF District”), all pursuant to and in accordance with Minnesota Statutes, Section 469.174 through 469.1794 (the “Tax Increment Act”).
1.03 The Authority has performed all actions required by law to be performed prior to the adoption of the amendment to the TIF Plan (the "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 Amendment to TIF Plan to Ramsey County and Independent School District Number 625, which have taxing jurisdiction over the properties included in the TIF District. The Authority has requested that the City approve the amendment to the TIF Plan following the holding of a public hearing upon published and mailed notice as required by law.
Section 2. Findings for the Adoption of Amendment to TIF Plan.
2.01 The Ci...
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