1985-272 HRA RESOLUTION N0. 272
APPROVING MODIFICATION NUMBER 1
TO THE INTERSTATE LYNDALE NTCOLLET
REDEVELOPMENT AND TAX INCREMENT
FINANCING PLAN DATED OCTOBER 21, 1885
WHEREAS, the Housing and Redevelopment Authority In and For
The City of Richfield, Minnesota (HRA) adopted resolution number
267 on October 21, 1885, approving a redevelopment plan and tax
increment financing plan for the Interstate Lyndale Nicollet
Redevelopment Pro~eet pursuant to provision of Minnesota
Statutes Sections 462.11 to 462.585 and Sections 273.71 to
273.78 (the Aet); and
WHEREAS, the City Council of the City of Richfield,
Minnesota (City) adopted resolution number 7101 on November 12,
1985, approving a redevelopment plan and tax increment financing
plan for the Interstate Lyndale Nicollet Redevelopment Pro~eet
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 inappropriately divides two tax parcels, and
that two parcels were inadvertently omitted from the list of
Tax Increment Financing District Parcels.
NOW THEREFORE, BE IT RESOLVED by the Housing and
Redevelopment in and for the City of Richfield as follows:
1. Figure B1, page 45, dated November 18, 1985 and,
Exhibit V, page 52, dated November 18, 1885, and
Exhibit IV, page 52 dated November 18,.1985, as
attached are hereby approved as Modification Number
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 Housing and Redevelopment Authority of
Richfield, Minnesota this 18th slay of November, X1985.
~; ~~ j
Thomas E. Harms, Chairman
ATTEST:
Joan Helmberger, See etary
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