HomeMy WebLinkAboutCity Council Resolution 1987-323CITY OF PLVNWTH
Pursuant to due call and notice thereof, a Re ar meeting of the City Council of
the City of Plymouth, Minnesota, was held on the day of . 19
The following members were present: Mayor Schneider. Councilmembers Crain7
The following members were absent: none
M f 1F • * 4 RiF #
Councilmember Sisk introduced the following Resolution and moved its
a opt on:
RESOLUTION NO. 87-323
CALLING FOR A PUBLIC HEARING ON AMENDING 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 the sound financing of development costs within the District and the TIF District
that one parcel of land be added to and included within the Development District and
Included within amended TIF District No. 1-4.
3. Pursuant to the act, this Council shall conduct a public hearing on the proposed
amendment to TIF District No. 1-4 on Monday, June 1, 1987 at 7:30 p.m. in the
Plymouth City Center.
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
not less than 10 days prior to June 1, 1987.
5. The City. Manager is authorized and directed to prepare the amended 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 #284, 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
following vote n favor thereof: mayor Schneider, Councilmembers Crain,
Sisk, Zitur and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopte