02-870r
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HRA RESOLUTION NO. 870
RESOLUTION MODIFYING THE TAX INCREMENT PLAN FOR THE INTERCHANGE
WEST AND L YNDALE GATEWAY TAX INCREMENT FINANCING DISTRICT
(A REDEVELOPMENT DISTRICT) WITHIN THE
RICHFIELD REDEVELOPMENT PROJECT AREA
WHEREAS, it has been proposed by the Board of Commissioners (the "Board") of
the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the
"Authority") that the Authority modify the Interchange West and Lyndale Gateway Tax
Increment Financing Plan (the "Plan") by eliminating certain parcels therefrom; and
WHEREAS, the Authority has investigated the facts related to the modification of
the Plan, and has caused the appropriate documents to be prepared; and
WHEREAS, the Authority has performed all the actions required to be taken by it
prior to modification of the Plan.
NOW THEREFORE, BE IT RESOLVED by the Authority as follows:
1. The Modification of the Plan is hereby approved.
2. The Modification of the Plan is hereby adopted.
3. The Executive Director is instructed to transmit the approved Modification of the Plan to
the City of Richfield for consideration by it in accordance with the provisions on
Minnesota Statutes, Section 469.175 subd. 3. .
4. Upon approval by the City, the documents shall be placed on file in the office of the
Community Development Director for the City.
5. Upon approval by the City, the Community Development Director is authorized and
directed to forward a copy of the documents to the Minnesota Department of Revenue
pursuant to Minnesota Statutes, Section 469.175, Subd. 4a, and to forward a copy to
the Hennepin County Auditor.
Adopted by the Board of Commissioners of the Housing and Redevelopment Authority
in and for the City of Richfield, Minnesota this 18th f November, 2002.
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homas ~: Harms, Chair