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HomeMy WebLinkAboutCity Council Resolution 1986-401CITY 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 t'Fe 7th day of Jul , 19 86 The following members were present:Mayor Schneider, Councilmembers Crain, 3risk, and Zitur The following mem ers were dbsent:Councilmember Vasillou Councilmember Crain introduced the following Resolution and moved Its a opt on: RESOLUTION NO. 86-401 RESOLUTION CALLING A PUBLIC HEARING ON THE MODIFICATION OF THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 3 AND THE ESTABLISHMENT OF ECONOMIC DEVELOPMENT TAX INCREMENT FINANCING DISTRICT NO. 3-1 BE IT RESOLVED By the City Council of the City of Plymouth, Minnesota, as follows 1. This Council by Resolution 82-258 has duly established Development District No. 3 (District) pursuant to Minnesota Statutes, Chapter 472A (District Act). 2. This Council has investigated the facts and determines that it is necessary and desirable for the orderly development of the City that the Development Program for the District be amended to reflect changed conditions in the District and to enhance the development potential of the District. City staff has prepared a draft amendment to the Development Program. 3. The City staff has also prepared and submitted to this Council a draft Tax Increment Financing Plan (TIF Plan) for an economic development project within the District and the establishment of Economic Development Tax Increment Financing District No. 3-1 (TIF District) for all or a portion of the land within the District all in accordance with Minnesota Statutes, Section 273.71 to 273.77 (TIF Act) and the District Act. 4. The District Act and the TIF Act require, among other things, public hearings before this Council prior to the adoption of the amendment to the Development Program and establishment of the TIF District. 5. Pursuant to the District Act and the TIF Act this Council shall conduct a public hearing on the proposed amendment to the Development Program, the approval of the TIF Plan, and the establishment of the TIF District at 7:30 P.M. on Monday, July 21, 1986. 6. 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 newspapers of the City or in a newspaper of general circulation not less than ten days prior to July 21, 1986. CONTINUED PAGE TWO W Resolution No. 86-401 Page Two . 7. The City Manager is authorized and directed to transmit draft copies of the proposed amended Development Program and the TIF Plan and a copy of the Resolution to the School Board of Independent School District Nos. 270 and 284, the County Board of Hennepin County and the Planning Commission of the City for review and comment as required by the District Act and the TIF Act. The motion for the adoption of the foregoing Resolution was duty seconded by Councilmember Sisk , and upon vote beir:g taken thereon, We— following voted In avor t ereo ayor Schneider, Councilm6mbers Crain Sisk and Zitur e following voted aga nst or abstained: nor►e Whereupon the Resolution was declared duly passed ane a opte .