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HomeMy WebLinkAboutCity Council Resolution 1986-137CITY OF PLYMDUTH 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 March , 1986. The following members were present: Mayor Schnei erncilmembers rain, Sisk, Vasiliou and Zitur The following members were absent: none Councilmember Vasiliou introduced the following Resolution and moved its adoption: RESOLUTION NO. 86-137 RESOLUTION CALLING A PUBLIC HEARING ON THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-3 BE IT RESOLVED by the City Council of the City of Plymouth, Ml.inesota as follows: 1. The City has duly established a Development District No. 1 (District), an Economic Development Tax Increment Financing Districts No. 1 and 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 included within a new TIF District. 3. Pursuant to the Act, this Council shall conduct a public hearing on the establishment of proposed TIF District No. 1-3 on Monday, March 17, 1986 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 10 days prior to March 17, 1986. S. The City Manager is authorized and directed to prepare the Tax Increment Financing Plan for the TIF District No. 1-3 and to transmit such modification together with the form of notice of public hearing to the School Board of Independent District No. 284 and to the County Board of Hennepin County for their review and comment. The motion for adoption of the foregoing Resolution was duly seconded by Councilmember Zitur , and upon vote being taken thereon, the following vote n favor thereof: Vasiliou and Zitur yor Schneider, Councilmembers Crain, Sisk, The following voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.