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ITEM 5.14. <br /> <br />City of <br /> <br />iver <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />MEMORANDUM <br /> <br />Mayor & City Council <br /> <br />Lori Johnson, Asst. City Administrator <br /> <br />June 17, 1996 <br /> <br />King and Main Public Hearing <br /> <br />The HRA is in the process of acquiring three parcels at the intersection of <br />King and Main for a redevelopment project which will ultimately include the <br />approval of a Tax Increment Financing District. State statutes require that <br />the City Council hold a public hearing on the early acquisition of this <br />property. <br /> <br />Action Requested <br /> <br />At the meeting the City Council should open the public hearing for public <br />comment. Action should be taken on the attached resolution authorizing the <br />HRA to proceed with the acquisition of the redevelopment site. <br /> <br />council:kingmain <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 ° (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />