03-892r
66
HRA RESOLUTION NO. 892
RESOLUTION ADOPTING MODIFICATION NO.1 TO THE TAX
INCREMENT FINANCING PLAN FOR THE L YNDALE GATEWAY
WEST TAX INCREMENT FINANCING DISTRICT
WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of the
Housing and Redevelopment Authority (the "HRA") in and for the City of Richfield (the "City")
that the HRA adopt Modification No.1 to the Tax Increment Financing Plan for the Lyndale
Gateway West Tax Increment Financing District (known herein as the "Modification"), all
pursuant to and in conformity with existing law, including Minnesota Statutes, Sections 469.001
to 469.047, and Sections 469.174 to 469.1799, inclusive, as amended, all as reflected in the
Modification and presented for the HRA's consideration; and
WHEREAS, the HRA has investigated the facts relating to the Modification and has
caused the Modification to be prepared; and
WHEREAS, the HRA has performed all actions required by law to be performed prior to
the adoption of the Modification, including but not limited to, notification of Hennepin County
and Independent School District No. 280 having taxing jurisdiction over the property in the
Lyndale Gateway West Tax Increment Financing District, notice ofthe proposed Modification to
the local county commissioner, a request for review of and written comment on the Modification
by the City Planning Commission, and a request that the Council schedule a public hearing on
the Modification upon published notice as required by law.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
1. The HRA hereby ratifies and reaffirms all of the findings previously made with
respect to the Tax Increment Financing Plan for the Lyndale Gateway West Tax Increment
Financing District.
2. Conditioned upon the approval thereof by the City Council following its public
hearing thereon, the Modification, as presented to the HRA on this date, is hereby approved and
adopted and shall be placed on file in the office of the Executive Director of the HRA.
3. Upon approval of the Modification by the City Council, the Executive Director of
the HRA is authorized to forward a copy of the Modification to the Minnesota Department of
Revenue pursuant to Minnesota Statutes 469.175, Subd. 4a.
Adopted by the Board of Commissioners of the mg and Redevelopment Authority in
and for the City of Richfield, Minnesota this 21 st day ril 200~
Thomas E. Harms, Chair
,
Michael San a ' ,