HomeMy WebLinkAboutCity Council Resolution 1986-495CITY OF PLYNOM
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota, was held on t_ie -arWth day of August . 1986.
The following members were present: Mayor Schnei erd , Zo ncilmembers Crain, Sisk, —
Vasiliou and Zitur
The following members were absent- none
Councilmember Sisk _introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-495
RESOLUTION CALLING A PUBLIC HEARING ON THE ESTABLISHMENT OF
AMENDED TAX INCREMENT FINANCING DISTRICT NO. 1-3
BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota, as follows:
1. The City has duly established a Development District No. 1 (District), Economic
Development Tax Increment Financing Districts No. 1, No. 1-2, and No. 1-3 (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 added to and
included within TIF District No. 1-3, and one parcel deleted.
3. Pursuant to the Act, this Council shall conduct a public hearing on the
establishment of amended TIF District No. 1-3 on Monday, September 8, 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 September 8, 1986.
5. The City Manager is authorized and directed to prepare the Tax Increment
Financing Plan for thea amended 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, t e
following vote navor t ereo ayor, chneider, Councilmembers Crain, Sisk,
Vasiliou, and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and a opte