HomeMy WebLinkAboutCity Council Resolution 1986-776CITY 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 -Re 17th day of November , 1986.
The following members were present: Mayor Schneider, Zouncilmembers rain, isk,
Vasiliou, and Zitur
The following members were absent: none
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-776
RESOLUTION CALLING FOR A PUBLIC HEARING
ON THE ESTABLISHMENT OF A DEVELOPMENT DISTRICT
AND TAX INCREMENT FINANCING DISTRICT
PURSUANT TO MINNESOTA STATUTES CHAPTER 472.A.
WHEREAS, the City Manager In a report dated November 14, 1986, recommended that the
City Council consider establishing Economic Development District No. 4 and Tax
Increment Financing District No. 4-1; and
WHEREAS, the City Council on November 17, 1986, reviewed
noted that the creation of such a development district
. district would achieve certain public objectives; and
the City Manager's report, and
and tax increment financing
WHEREAS, the City Council finds and determines that an essential first step in the
establishment of a tax increment financing program for the proposed development
districts requires the establishment of a development district pursuant to Minnesota
Statutes Chapter 472.A. and that adoption of a development program for such district:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Plymouth that the
Council shall meet at 7:30 p.m., Monday, December 1, 1986 for the purpose of conducting
a Public Hearing on the establishment of a development district, and a tax increment
financing district pursuant to Minnesota Statutes Chapter 472.A. and further that the
City Clerk is hereby authorized and directed to publish a notice of said hearings in
substantially the form of the notice attached hereto as Exhibit A.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, t e
following vote n favor thereof: ayor, hneider, Councilmembers Crain, Sisk,
Vasiliou, and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.