HomeMy WebLinkAboutCity Council Resolution 1985-816CITY OF PLVNDUTH
Pursuant to due call and notice thereof, a -regular meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 7th day of October 1965
The following members were present: Mayor Dayenpor�ounci1members ei s, —
Schneider, Crain and Vasiliou
The following members were absent: none
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Counilmember Crain introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85-816
RESOLUTION CALLING A PUBLIC HEARING ON THE EXPANSION
AND MODIFICATION OF TAX INCREMENT FINANCING DISTRICT NO. 1-2
BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota, as follows:
1. The City has duly established Development District No. 1 (District) and
Economic Development Tax Increment Financing District No. 1-2 (TIF District)
within the District, all pursuant to Minnesota Statutes, Chapter 472A and
Sections 273.71 to 273.78 (collectively, the Act).
2. It is determined that it is necessary for the orderly development of the
District and the sound financing of development Costs in the District and
' the TIF District that certain parcels of land within the District be includes+
In the TIF District. )
3. Pursuant to the Act this Council shall conduct a public hearing on the
modification and enlargement of the TIF District on Monday, October 28, 1985
at 7:30 p.m.
4. The Clerk is authorized and directed to publish notice of the public hearing
in substantially the form attached hereto as Exhibit A once in the official
newspaper of the City not less than ten days prior to October 28, 1985.
5. The City Manager is authorized and directed to prepare the necessary
modification to the Tax Increment Financing Plan for the TIF District and to
transmit such modification together with the form of notice of public hearing
to the School Board of Independent School District No. 284 and to the County
Board of Hennepin County for their review and convent.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote being taken thereon, eon, Me0 ow ng voted In favor thereof: ayor Davenport, Councilmembers Neils,
Schneider, Crain and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passe an a p e