HomeMy WebLinkAboutCity Council Resolution 1987-324CITY OF PUNDUTH
Pursuant to due call and notice thereof, a Regular meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 8t day of Mav 19AZ•
The following members were present: _ Mayor Schneider, Councilmemhers Crain_
Sisk Zit r and Vasiliou
The rollowLng members were absent: none
Councilmemb r Sisk introduced the following Resolution and moved its
adopt on:
RESOLUTION NO. 87-324
CALLING FOR A PUBLIC HEARING ON THE ESTABLISHMENT
OF ECONOMIC DEVELOPMENT DISTRICT TAX INCREMENT FINANCING DISTRICT NO. 2-1
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA AS FOLLOWS:
1. The City has duly established Development District No. 2 (District), Economic
Development Tax Increment Financing District No. 2 (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 that three parcels
of land be added to and included within the Development District and included within
TIF District No. 2-1.
3. Pursuant to the act, this Council shall conduct a public hearing on the proposed
establishment of TIF District No. 2-1 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 Oune 1, 1987.
5. The City Manager is authorized and directed to prepare the Tax Increment
Financing Plan for TIF District No. 2-1 and to transmit such modification together
with the form of notice of public hearing to the School Boards of Independent School
Districts #284 and #281, and to the County Board of Hennepin County for their review.
The motion for adoption of the foregoing Resolution was duly seconded by
, and upon vote being taken thereon, t e
ToliowLng voted Ln ravor thereof: Iola = c�iAo". -
the following voted against or anstainea: Itulic
Whereupon the Resolution was declared duly passed and adopted.