HomeMy WebLinkAboutCity Council Resolution 1980-806CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota, was held on the
3rd day of November 19 80 . The following members
were present: Mayor Hunt, Councilmembers Davenport; Cleils and Schneider
The following members were absent: Councilmember Hoyt
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-806
AUTHORIZING CREATION OF TAX INCREMENT FINANCING
DISTRICT
WHEREAS, the City Manager in his report dated October 30, 1980, has recommended
that the City accept the request of the Carlson Companies to establish a Tax
Increment Financing Project for the proposed Carlson Center; and
WHEREAS, the State Legislature has adopted the Minnesota Tax Increment Financing
Act, which act establishes certain criteria to be followed in reviewing and
establishing tax increment financing projects; and
WHEREAS, this Council has reason to believe that the request of the Carlson
Companies for the creation of an Economic Development Project meets the basic
requirements as established by the legislature;
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of Plymouth
that the City Manager be authorized and directed to proceed with all necessary
steps required by the Minnesota Tax Increment Financing Act to create a Tax
Increment Financing District as outlined in his memo of October 30, 1980.
r The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Hunt,_ Councilmembers Davenport.
Neils and Schneider
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.