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ITEMS 5.6 & 5.?. <br /> <br />City of <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor & City Council <br /> <br />Lori Johnson, Asst. City Administrator <br /> <br />June 17, 1996 <br /> <br />TIF No. 15 Public Hearing <br /> <br />The public hearing for Tax Increment Financing District No. 15 is scheduled <br />for June 17. TIF District No. 15 relates to McChesney Cabinets and involves <br />city pay-as-you-go assistance in the amount of $35,000. <br /> <br />All information on this item, with the exception of the Contract for Private <br />Development which is attached, was distributed with the June 10 EDA <br />packet. If you need another copy, please contact City Hall and we will make <br />one available to you. <br /> <br />Action Requested <br /> <br />The City Council is asked to hold a public hearing on Tax Increment <br />Financing District No. 15 and to consider the attached resolution relating to <br />the establishment of Tax Increment Financing District No. 15 and the <br />adoption and approval of the Tax Increment Financing Plan related thereto <br />located within Development District 1. Additionally, the City Council is <br />asked to approve the Contract for Private Development. <br /> <br />s:\councilXtif151j.doc <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 ° Fax: (612) 441-7425 <br /> <br /> <br />