85-7114R59
CITY COUNCIL RESOLUTION N0. 7114
APPROVING MODIFICATION NUMBER 1
TO THE INTERSTATE LYNDALE NICOLLET
REDEVELOPMENT AND TAX INCREMENT
FINANCING PLAN DATED OCTOBER 21, 1985
WHEREAS, the Housing and Redevelopment Authority In and For
The City of Richfield, Minnesota (HRA) adopted resolution number
267 on October 21, 1985, approving a redevelopment plan and tax
increment financing plan for the Interstate Lyndale Nicollet
Redevelopment Project (the Plan) pursuant to provision of
Minnesota Statutes Sections 462.11 to 462.585 and Sections
273.71 to 273.78 (the Act); and
WHEREAS, the City Council of the City of Richfield,
Minnesota (City) adopted resolution number 7101 on November 12,
1985, approving the Plan pursuant to the Act; and
WHEREAS, the tax increment financing district boundary is
depicted in Figure B1, page 45, and, is described in Exhibit V,
page 52, in the Redevelopment and Tax Increment Financing Plan
dated October 21, 1985; and
WHEREAS, Exhibit IV, pages 48 through 51 contains a list of
the Tax Increment Financing District Parcels in the
Redevelopment and Tax Increment Financing Plan dated October,
21, 1985; and
WHEREAS, Hennepin County in reviewing the boundary location
has found that it inappropriate ly divides t~.o tax parcels, and
that two parcels were inadvertently omitted from the list of Tax
Increment Financing District Parcels.
WHEREAS, the HRA adopted resolution number 272 on November
18, 1985, approving modification Number l to the Plan.
NOW THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield as follows:
1. Figure B1, page 45, dated November 18, 1985, and,
Exhibit V; page 52, dated November 18, 19$5, and,
Exhibit IV, page 52 dated November 18, 1985, as
attached are hereby approved as Modification Number 1.
2. The Executive Director is requested and directed to '
present this Modification Number 1 to the City
Council and request their approval.
Passed by the City Cdluncil of the C' y o
Minnesota this 25th day o,f November,'1~~~
n
ATT~ I, ~
~C.E
Thomas P. Ferber, City Clerk
ehfield,
Mayor