98-135 RESRESOLUTION 98 - 13 5
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. 21
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, February 8,
1999, at approximately 6:30 p.m., to hold a public hearing on the proposed
modification of Development District No. 1 and the establishment of Tax
Increment Financing District No. 21 (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 Modification to 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 10 nor more than 30
days prior to January 8, 1999, 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 14th day of
December, 1998.
ATTEST:
Sandra A. Peine, City Clerk