HomeMy WebLinkAboutCity Council Resolution 1989-266CITY 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 the --nth day of May , 1989.
The following members were present: Mayor Schneider,Z—ouncilmembers Vasillou,
Ricker Zitur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-266
RESOLUTION CALLING PUBLIC HEARINGS ON THE ESTABLISHMENT OF
ECONOMIC TAX INCREMENT FINANCING DISTRICT NO. 7-1 AND AN AMENDMENT
TO ECONOMIC DEVELOPMENT TAX INCREMENT FINANCING DISTRICT NO. 2
BE IT RESOLVED by the City Council of the City of Plymouth, Minnesota, as follows:
1. The City has duly established Municipal Development District No. 7 (Development
District). The City has duly created Economic Development Tax Increment Financing
District No. 2 (TID No. 2) within the Development District.
2. The City Manager has recommended that the Council consider an amendment to the Tax
Increment Financing Plan (TIF Plan) for TID No. 2 and the creation of a new
Economic Development Tax Increment No. 7-1 (TID No. 7) within the Development
District.
3. The Council has reviewed the City Manager's recommendation and finds that the
amendment to TID No. 2 and creation of TID No. 7 would significantly assist the
City in carrying out the development program for the Development District.
4. The City Council will meet June 5, 1989 at 7:30 p.m., at the Plymouth City Center,
to conduct public hearings as required by law to consider the:
a) amendment of the TIF Plan for TID No. 2: and
b) a TIF Plan for TID No. 7-1 and the establishment of TID No. 7-1.
5. The Clerk is authorized and directed to publish notice of the hearings in the
manner required by law and in substantially the form attached hereto as Exhibits A
and B.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
Ricker, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.