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RESOLUTION 97- 126 A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON THE MODIFICATION OF DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 18 BE IT RESOLVED by the City Council (the "Council") for the City of Elk River, Minnesota (the "City"), as follows: Section 1. Public Hearing. This Council shall meet on Monday, April 6, 1998, at approximately 6 p.m., to hold a public hearing on the proposed modification of Development District No. I and the proposed establishment of Tax Increment Financing District No. 18 (an Economic Development Tax Increment Financing District), all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 through 469.1081, inclusive, as amended, and Minnesota Statutes, Section 469.174 through 469.179, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and, Section 2. Notice of Public Hearing, Filing of Program and Plan. Staff is authorized and directed to prepare the Development Program and the Tax Increment Financing Plan (the "Program and Plan") and to forward documents to the appropriate taxing jurisdictions including Sherburne County and Independent School District No. 728. The City Administrator is authorized and directed to cause notice of the hearing, together with an appropriate map as required by law, to be published at least once in the official newspaper of the City not later than ten nor more than 30 days prior to April 6, 1998, and to place a copy of the Program and Plan on file in the City Administrator's office at City Hall and to make such copy available for inspection by the public. Passed and adopted by the City Council of the City of Elk River this 15th day of December, 1997. / H[nry A. Dui{s{nan, 'Mayor ATTEST: