RES 18-12 - Laserfiche WebLink

Home Browse Search

City of Elk River Ver City Council Resolution 18-12 A Resolution of the City Council of the City of Elk River Calling for a Public Hearing on the Modification of the Development Program for Development District No. I and the Creation of Tax Increment Financing District (Housing) No. 25 and the Adoption of a Tax Increment Financing Plan Therefor WHEREAS, the City of Elk River (the "City") has received a request to provide tax increment financing assistance for a housing development to be constructed in the City, and the Council desires to hold a public hearing on the modification of the development program for Development District No. 1, the establishment therein of Tax Increment Financing District (Housing) No. 25 and the adoption of a tax increment financing plan. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: L. Public Hearing. This Council shall meet at the time and place specified in the form of notice attached hereto as Exhibit A, or as soon thereafter as notice of the hearing can be published in accordance with Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the "TIF Act', for the purpose of holding a public hearing on the proposed modification of the Development Program for Development District No. 1 (the "Modification"), the establishment therein of Tax Increment Financing District (Housing) No. 25 (the "TIF DistricP'), and the proposed adoption of the Tax Increment Financing Plan therefor (the "TIF Plan"), all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 through 469.133, as amended (together with the TIF Act, the "Act's. 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, at the direction of the City's Economic Development Director, 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, not more than 30, days prior to the public hearing, 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. 3. Consultation with Other Taxing Jurisdictions. City staff is hereby directed to send to Sherburne County and Independent School District No. 728 a copy of the proposed form of the tax increment financing plan at least 30 days prior to the public hearing. 11 �J�►TURE