HomeMy WebLinkAboutCity Council Resolution 2006-337CERTIFICATE AS TO RESOLUTION
I, the undersigned, being the duly qualified and acting recording officer of the City of
Plymouth, Minnesota (the "City"), hereby certify that the attached resolution is a true copy of
Resolution No. 266-337, entitled: "RESOLUTION CALLING FOR A PUBLIC HEARING ON
APPROVAL OF A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING (REDEVELOPMENT) DISTRICT NO. 1-3" (the "Resolution"), on file in the
original records of the City in my legal custody; that the Resolution was duly adopted by the City
Council of the City at a meeting on September 12, 2006, and that the meeting was duly held by
the City Council and was attended throughout by a quorum, pursuant to call and notice of such
meeting given as required by law; and that the Resolution has not as of the date hereof been
amended or repealed.
WITNESS my hand officially this 12th day of September, 2006.
Sandra R. Engdahl, City Clerk
RESOLUTION CALLING FOR A PUBLIC HEARING ON
APPROVAL OF A TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING (REDEVELOPMENT)
DISTRICT NO. 1-3
BE IT RESOLVED by the City Council (the "Council") of the City of Plymouth,
Minnesota (the "City"), as follows:
1. Proposed Tax Increment Financing Plan. The Housing and Redevelopment
Authority in and for the City of Plymouth, Minnesota (the "Authority") has prepared a plan (the
"Redevelopment Plan") for redevelopment activities to be undertaken in Redevelopment Project
Area No. 1 (the "Project Area"). The Redevelopment Plan was approved on November 16,
2004. In order to finance public redevelopment costs to be incurred in connection with the
Redevelopment Plan, the Authority has prepared and will present to the Council for approval, a
Tax Increment Financing Plan, as described in Minnesota Statutes, 469.175, Subdivision 1 (the
"TIF Plan"). The TIF Plan will establish a "tax increment financing district," as defined in
Minnesota Statutes, Section 469.174, Subdivision 9, designated as Tax Increment Financing
(Redevelopment) District No. 1-3, within the Project Area. It has been proposed that this
Council hold a public hearing on the TIF Plan as required by Minnesota Statutes, Section
469.175, Subdivision 3; and further, that the Board of Commissioners of the Authority and the
Council approve the TIF Plan.
2. Public Hearing. A public hearing is hereby scheduled to be held on the TIF
Plan at 7:00 p.m. on Tuesday, October 24, 2006, at the Plymouth City Hall, 3400 Plymouth
Boulevard, Plymouth, Minnesota. The City Manager is hereby authorized and directed to cause
notice of such public hearing in substantially the form of Exhibit A attached hereto to be
published in the official newspaper of the City not less than 15 days nor more than 30 days prior
to the date of the hearing, and to provide the information required by Minnesota Statutes, Section
469.175, Subdivision 2, to the appropriate governmental bodies.
EXHIBIT A
NOTICE OF PUBLIC HEARING ON APPROVAL OF A TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT
FINANCING (REDEVELOPMENT) DISTRICT NO. 1-3 IN THE
CITY OF PLYMOUTH
NOTICE IS HEREBY GIVEN that the City Council of the City of Plymouth,
Minnesota (the "City"), will hold a public hearing on the approval of a Tax Increment Financing
Plan (the "TIF Plan") for Tax Increment Financing (Redevelopment) District No. 1-3 (the "TIF
District") in Redevelopment Project Area No. 1 (the "Project Area") in the City at 7:00 p.m. on
Tuesday, October 24, 2006, at the Plymouth City Hall, 3400 Plymouth Boulevard, Plymouth,
Minnesota.
The TIF Plan provides for the financing, with tax increment revenues, the cost of
certain public improvements related to the development of an approximately 62,500 -square foot
retail commercial center consisting of six buildings.
Accompanying this notice is a map of a portion of the City. The map shows the
area encompassed by the Project Area and the TIF District from which tax increment may be
collected, pursuant to the TIF Plan, and the area in which such tax increment may be expended.
All who wish to be heard as to the TIF Plan will be given an opportunity to
express their views at the time of the public hearing or may file written comments with the
Community Development prior to the public hearing.
By /s/ Laurie Ahrens, City Manager