97-100 RESRESOLUTION 97 -
A RESOLUTION CALLING FOR A PUBLIC HEARING BY
THE CITY OF ELK RIVER ON THE MODIFICATION OF
TAX INCREMENT FINANCING DISTRICT NO. 5
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,
December 1, 1997, at approximately 6 p.m., to hold a public hearing on
the proposed modification of Tax Increment Financing District No. 5,
(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, Preparation of Plan. Staff is
authorized and directed to prepare the modification to the Tax
Increment Financing Plan (the "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
thirty days prior to December 1, 1997, and to place a copy of the 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 on the 22
day of September, 1997.
, . Duitsman, Mayor
ATTEST:
Pa~D~.' ~a~'r s~~strator