HomeMy WebLinkAboutCity Council Resolution 1987-261CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re ular meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 20th day of April . 1987.
The following mempers were present: Mayor Schnei er, ouncilmem ers rain, "isk, —
Vasiliou and Zitur
The following members were absent: none i
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 261
CALLING FOR A PUBLIC HEARING ON AMENDING ECONOMIC DEVELOPMENT DISTRICT No. 1 AND
ECONOMIC DEVELOPMENT DISTRICT TAX INCREMENT FINANCING DISTRICT NO. 1-4
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), Economic
Development Tax Increment Financing District No. 1-4 (TIF District) within the
District, all pursuant to Minnesota Statutes Chapter 472A, and Section 273.71 to
273.78 (collectively the "Act").
2. It is determined that it is necessary for the orderly development of the District
and for sound financing of development costs within the District that one additional
parcel of land within the District be added to and included within the Development
District.
3. It is also determined that it is necessary for the orderly development of the
District and the sound financing of development costs within the District and the TIF
District that certain parcels of land within the District be added to and included
within TIF District No. 1-4.
4. Pursuant to the act, this Council shall conduct a public hearing on the estab-
lishment of amended Economic Development District No. 1 and TIF District No. 1-4 on
Monday, May 18, 1987 at 7:30 p.m. in the Plymouth City Center.
5. 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
not less than 10 days prior to May 18, 1987.
6. The City Manager is authorized and directed to prepare the amended Economic
Development District and Tax Increment Financing Plan for the amended TIF District
No. 1-4 and to transmit such modification together with the form of notice of public
hearing to the School Board of Independent School District 0284, and to the County
Board of Hennepin County for their review.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur ,and upon vote being taken thereon, the
followina voted n favor thereof: Mayor Schneider,Councilmembers Crain, Sisk,