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RESOLUTION 98 - <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br /> A RESOLUTION CALLING FOR A PUBLIC HEARING <br /> BY THE CITY COUNCIL ON THE MODIFICATION OF <br />DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX <br />INCREMENT FINANCING DISTRICT NO. 19 <br /> <br />BE IT RESOLVED by the City Council (the "Council") for the City of Elk River, <br />Minnesota (the "City"), as follows: <br /> <br />Section 1. Public Hearing. This Council shall meet on Monday, July 13, <br />1998, at approximately 6 p.m., to hold a public hearing on the proposed <br />modification of Development District No. i and the proposed establishment of <br />Tax Increment Financing District No. 19 (a Redevelopment Tax Increment <br />Financing District), all pursuant to and in accordance with Minnesota <br />Statutes, Sections 469.090 through 469.1081, inclusive, as amended, and <br />Minnesota Statutes, Section 469.174 through 469.179, inclusive, as <br />amended, in an effort to encourage the development and redevelopment of <br />certain designated areas within the City; and, <br /> <br />Section 2. Notice of Public Hearing~ Filing of Program and Plan. Staff is <br />authorized and directed to prepare the Development Program and the Tax <br />Increment Financing Plan (the "Program and Plan") and to forward <br />documents to the appropriate taxing jurisdictions including Sherburne <br />County and Independent School District No. 728. The City Administrator is <br />authorized and directed to cause notice of the hearing, together with an <br />appropriate map as required by law, to be published at least once in the <br />official newspaper of the City not later than ten nor more than 30 days prior <br />to July 13, 1998, and to place a copy of the Program and Plan on file in the <br />City Administrator's office at City Hall and to make such copy available for <br />inspection by the public. <br /> <br />Passed and adopted by the City Council of the City of Elk River this 11th day of May, <br />1998. <br /> <br />ATTEST: <br /> <br />Henry A. Duitsman, Mayor <br /> <br />Sandra A. Thackeray, City Clerk <br /> <br /> <br />