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Ot;of Elk -,-, Wve Resolution No. 14- 09 Resolution Calling for a Public Hearing on a Modification to the Development Program for Development District No. I, Establishment of Tax Increment Financing District No. 24, and the Adoption of a Tax Increment Financing Plan Therefor BE IT RESOLVED by the City Council (the"Council") of the City of Elk River,Minnesota (the "City"), as follows: Section 1. Public Hearing. This Council shall meet on April 21,2014, at approximately 6:30 P.M., to hold a public hearing on a proposed modification to the Development Program for Development District No. 1 (the"Modification"),the proposed establishment of the Tax Increment Financing District No. 24 (a Housing District) (the"TIF District"),and the proposed adoption of a Tax Increment Financing Plan for the TIF District (the"TIF Plan"),pursuant to Minnesota Statutes,Sections 469.174 to 469.1794, as amended. Section 2. Notice of Public Hearing.Filing of Plans. City staff and consultants are directed and authorized to prepare the Modification and TIF Plan and to forward such documents to the appropriate taxing jurisdictions,including Sherburne County and Independent School District No. 728 (Elk River). The City Clerk is authorized and directed to cause notice of the hearing in substantially the form attached as Exhibit A hereto,together with an appropriate map as required by law,to be published at least once in the official newspaper of the City not less than 10,nor more than 30, days prior to April 21,2014,and to place a copy of the 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. Adopted: March 3,2014 4jj. D' tz,Ma r ATTEST: Tina Allard, City Clerk MVR