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<br />. <br /> <br />. <br /> <br />. <br /> <br />21. That notice of a public hearing on the TIF Plan and <br />on establishment of TIF District No. 3 has been published in <br />the official newspaper of the City, as required by Minnesota <br />Statutes, Section 273.74, subdivision 3. <br /> <br />22. That a public hearing on the TIF Plan and on <br />establishment of TIF District No. 3 was held before the City <br />Council on July 21, 1986, and that an opportunity to be heard <br />was granted at that time to all residents of th~ City and all <br />other interested persons. <br /> <br />RESOLVED <br /> <br />A. That the City Council of the City of Elk River hereby <br />adopts each and everyone of the findings set forth above. <br /> <br />B. That the City Council of the City of Elk River hereby <br />approves and adopts the Tax Increment Financing Plan for Tax <br />Increment Financing District No.3. <br /> <br />C. That the City Council of the City of Elk River hereby <br />establishes that area of the City designated in the TIF Plan <br />for TIF District No. 3 as TIF District No.3. <br /> <br />D. That the City Council of the City of Elk River hereby <br />directs its staff and consultants to proceed to take the steps <br />necessary to implement TIF District No.3, including the filing <br />of the TIF Plan and this Resolution with the Minnesota <br />Commissioner of "Energy, Planning, and Development and the <br />Sherburne County Auditor, and requesting the Sherburne County <br />Auditor to certify the original assessed value of the property <br />within TIF District No.3. <br /> <br />PKB:AJO <br /> <br />4 . <br />