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RESOLUTION 98 - 13 5 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br /> A RESOLUTION CALLING FOR A PUBLIC HEARING <br /> BY THE CITY COUNCIL ON THE MODIFICATION OF <br />DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX <br />INCREMENT FINANCING DISTRICT NO. 21 <br /> <br />BE IT RESOLVED by the City Council (the "Council") for the City of Elk River, <br />Minnesota (the "City"), as follows: <br /> <br />Section 1. Public Hearing. This Council shall meet on Monday, February 8, <br />1999, at approximately 6:30 p.m., to hold a public hearing on the proposed <br />modification of Development District No. 1 and the establishment of Tax <br />Increment Financing District No. 21 (an Economic Development Tax <br />Increment Financing District), all pursuant to and in accordance with <br />Minnesota Statutes, Sections 469.090 through 469.1081, inclusive, as <br />amended, and Minnesota Statutes, Section 469.174 through 469.179, <br />inclusive, as amended, in an effort to encourage the development and <br />redevelopment of certain designated areas within the City; and, <br /> <br />Section 2. Notice of Public Hearing, Filing of Program and Plan. Staff is <br />authorized and directed to prepare the Modification to the Development <br />Program and the Tax Increment Financing Plan (the "Program and Plan") <br />and to forward documents to the appropriate taxing jurisdictions including <br />Sherburne County and Independent School District No. 728. The City <br />Administrator is authorized and directed to cause notice of the hearing, <br />together with an appropriate map as required by law, to be published at least <br />once in the official newspaper of the City not later than 10 nor more than 30 <br />days prior to January 8, 1999, and to place a copy of the Program and Plan <br />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 />Passed and adopted by the City Council of the City of Elk River this 14th day of <br />December, 1998. <br /> <br />ATTEST: <br /> <br />Sandra A. Peine, City Clerk <br /> <br /> <br />