05.01B - Req to Call Public Hearing for TIF

Home Browse Search

CITY OF PEQUOT LAKES COUNTY OF CROW WING STATE OF MINNESOTA RESOLUTION NO. RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1 -14 THEREIN AND THE ADOPTION OF A TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED by the City Council (the "Council ") for the City of Pequot Lakes, Minnesota (the "City "), as follows: Section 1. Public Hearing. This Council shall meet on October 6, 2009, at approximately 6:30 P.M., to hold a public hearing on the proposed adoption of a Modification to the Development Program for Development District No. 1 (the "Development Program Modification "), the proposed establishment of Tax Increment Financing District No. 1 -14 (a redevelopment district), and the proposed adoption of a Tax Increment Financing Plan (the "TIF Plan") therefor (the Development Program Modification and the TIF Plan are referred to collectively herein as the "Program Modification and TIF Plan", all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 to 469.134, and Sections 469.174 to `-- 469.1799, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and Section 2. Notice of Public Hearing of f Program Modification and TIF Plan. City staff is authorized and directed to work with Ehlers & Associates, Inc., to prepare the Program Modification and TIF Plan and to forward documents to the appropriate taxing jurisdictions including Crow Wing County and Independent School District No. 186. The City Clerk is authorized and directed to cause notice of the hearing, together with an appropriate map as required by law, to be published at least once in the official newspaper of the City not later than 10, nor more than 30, days prior to October 6, 2009, and to place a copy of the Program Modification and TIF Plan on file in the City Clerk's office at City Hall and to make such copy available for inspection by the public. Dated: September 1, 2009 ATTEST: Sandra A. Peine, City Clerk Adopted: Nancy Adams, Mayor