HomeMy WebLinkAboutCity Council Resolution 1988-226. CITY OF PLYMDUTH
Pursuant to due call and notice thereof, a regular_ meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 4th day day of April , 1988.
The following members were present: Mayor Schne de�Z`ouncilmembers Vasillou,
Ricker Zitur and Sisk
Me -following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-226
ORDERING A PUBLIC HEARING ON THE ESTABLISHMENT OF
AN ECONOMIC DEVELOPMENT DISTRICT AND A TAX INCREMENT FINANCING DISTRICT
PURSUANT TO MINNESOTA STATUTES, CHAPTER 469
WHEREAS, the City Manager, in a report dated March 30, 1988, recommended that the City
Council consider establishing Economic Development District No. 5 and Tax Increment
Financing District Mo. 5-1; and
WHEREAS, the City Council, on April 4, 1988, reviewed the City Manager's report and
noted that the creation of such a development district and tax increment financing
district would assist in achieving certain public objectives; and
WHEREAS, the City Council finds and determines that an essential first step in the
establishment of proposed Economic Development District No. 5 and Tax Increment
Financing District 5-1 requires the establishment of the development program for
Municipal Development District Mo. 5.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA
that the City Council shall meet at 7:30 p.m. Monday, April 18, 1988 for the purpose of
conducting a public hearing on the establishment of the Development Program for
Municipal Development District No. 5 and the establishment of a Tax Increment Financing
District No. 5-1 pursuant to Minnesota Statutes, Chapter 469; and
FURTHER, that the City Clerk is hereby authorized and directed to publish a notice of
said hearing 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 Sisk , and upon vote being taken thereon, the
following vote n avor thereof: Mayor Schneider, Councilmembers Vasiliou,
Ricker, Zitur and Sisk
Whereupon the Resolut
nst or abstained: None
was declared duly passed and adopted.
EXHIBIT A
NOTICE OF PUBLIC HEARING
CITY OF PLYMOUTH, MINNESOTA
NOTICE IS HEREBY GIVEN that the City Council of the City of Plymouth,
Minnesota, will meet at 7:30 p.m. on Monday,
April 18, 1988
In the Council Chambers in the Plymouth City Center, 3400 Plymouth
Boulevard, Plymouth, Minnesota, to conduct a public hearing on the
establishment of the Development Program for Municipal Development District
No. 5, establishment of an Economic Development Tax Increment Financing
District No. 5-1 (TIF District), and the approval of a Tax Increment
Financing Plan for the TIF District. The TIF District is proposed to be
located within Development District No. 5.
The general boundaries of the District are as follows:
Commencing at the center line of the intersection of Interstate Highway
I-494 and T.H. 55; thence westerly along the center line of Highway 55
to the west line of the Fox Meadows First Addition; thence northerly
along the west line of the Fox Meadows First Addition to the north line
of the Fox Meadows First Addition; thence easterly along the north line
of Fox Meadows First Addition to the wes::erly right-of-way line of
Fernbrook Lane; thence northerly along the west right-of-way line of
Fernbrook Lane to the south right-of-way of County Road 9; thence
westerly along the south right-of-way of County Road 9 to the center
line of Polaris Lane; thence northerly along the extension of the
center line of Polaris Lane to the north right-of-way of County Road 9;
thence easterly along the north right-of-way of County Road 9 to the
westerly right-of-way of Fernbrook Lane; thence northerly along the
west right-of-way of Fernbrook Lane to the center line of the northwest
quarter of Section 15, Township 118, Range 22 as extended west; thence
easterly along said center line of the northwest quarter of Section 15
to the center line of Interstate Highway I-494; thence southerly along
said center line to the point of beginning.
The legal description of property in the proposed TIF District are as
follows:
P.I.N. 15-118-22-23-0012
P.I.N. 15-118-22-24-0006, 0007,
P.I.N. 15-118-22-31-0008, 0009
P.I.N. 15-118-22-32-0074
P.I.N. 21-118-22-14-0002, 0003,
P.I.N. 21-118-22-41-0023
0008, 0009, 0010, 0011, 0012
0004, 0005, 0012, 0013, 0018
NOTICE OF PUBLIC HEARING
Page 2
P.I.N. 22-118-22-22-0002, 0003, 0004, 0005, 0006, 0010, 0011, 0014,
0016, 0017
P.I.N. 22-118-22-23-0003, 0007
P.I.N. 22-118-22-32-0011, 0012, 0013
The establishment of the Development Program, TIF Plan and the TIF District
are proposed to be approved, established, and adopted pursuant to Minnesota
Statutes, Chapter 469.
Draft copies of the Development Program for the Development District and the
TIF Plan will be available for public inspection at the office of the City
Clerk after April 4 during normal City business hours.
Any person wishing to express a view concerning the Development Program or
the proposed TIF Plan, will be heard orally or in writing at the public
hearing.
Dated: April 4, 1988
5
BY ORDER OF THE CITY COUNCIL
/s/ Laurie Brandt
City Clerk