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CITY OF ELK RIVER <br />SHERBURNE COUNTY <br />STATE OF MINNESOTA <br /> <br />RE SOLUTION NO. 0 6 - 5 5 <br /> <br />RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON <br />THE PROPOSED ADOPTION OF A MODIFICATION OF THE DEVELOPMENT <br />PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT <br />OF DOWNTOWN PHASE I TAX INCREMENT FINANCING DISTRICT NO. 22 (A <br />REDEVELOPMENT DISTRICT). <br /> <br />BE IT RESOLVED by the City Council (the "Council") for the City of Elk River, Minnesota (the "City"), as <br />follows: <br /> <br /> Section 1. Public Hearing. This Council shall meet on September 20, 2004 at approximately 6:30 <br />P.M., to hold a public hearing on the proposed adoption of a Modification to the Development Program for <br />Development District N o. 1 (the "Development Program Modification"), t he proposed establishment of <br />Downtown Phase I Tax Increment Financing District No. 22 (the "TIF District No. 22"), a redevelopment <br />disthct, and the proposed adoption of a Tax Increment Financing Plan (the "TIF Plan") therefor (the <br />Development Program Modification and the TIF Plan are referred to collectively herein as the "Modification <br />and Plan"), all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 to 469.134, and <br />Sections 469.174 to 469.1799, inclusive, 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 Modification and Plan. City staff is authorized and <br />directed to work with Ehlers & Associates, Inc., to prepare the Modification and Plan for Downtown TIF <br />District No. 22 and to forward documents to the appropriate taxing jurisdictions including Sherbume County <br />and Independent School District No. 728. The City Administrator is authorized and directed to cause notice of <br />the hearing, together with an appropriate map as required by law, to be published at least once in the official <br />newspaper of the City not later than 10, nor more than 30, days prior to September 20, 2004, and to place a <br />copy of the Modification and Plan on file in the City Administrator's office at City Hall and to make such copy <br />available for inspection by the public. <br /> <br />Dated: July 6, 2004 <br /> <br />ATTEST: <br /> <br />City Administrator <br /> <br />Adopted: <br />~vtayo~j ~..._.._.~ <br /> <br /> <br />