Title
RESOLUTION ADOPTING AN AMENDMENT TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 16 (COUNTY NO. 57).
Body
CITY PROPOSAL:
BE IT RESOLVED by the city council ("council") of the city of Duluth, Minnesota ("city"), as follows:
Section 1. Recitals
1.01. The board of commissioners ("board") of the Duluth Economic Development Authority ("DEDA") has heretofore established a redevelopment plan/municipal development district with the city (the "project area") and adopted a plan therefor. It has been proposed by DEDA and the city that the city adopt an amendment to the tax increment financing plan (the "TIF plan") for tax increment financing district No. 16 (the "TIF district") which is referred to herein as the "amendment" and attached hereto as Exhibit A, pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.090 to 469.1082 and Sections 469.174 to 469.1799, all inclusive, as amended, (the "act") all as reflected in the amendment, and presented for the council's consideration.
1.02. DEDA and city have investigated the facts relating to the amendment and have caused the amendment to be prepared.
1.03. DEDA and city have performed all actions required by law to be performed prior to the adoption and approval of the proposed amendment, including, but not limited to, notification of St. Louis County and Independent School District No. 709, having taxing jurisdiction over the property in the TIF district, approval of the amendment by DEDA on August 23, 2017, notification of the county commissioner who represents part of the area included in the TIF district, and the holding of a public hearing upon published notice as required by law.
Section 2. Findings for the amendment to the TIF plan.
2.01 The council hereby reaffirms the original findings for the TIF district, namely that when it was established, it was established as a "qualified housing district."
2.02 The amendment to the TIF plan is ...
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