HomeMy WebLinkAboutCity Council Resolution 2000-254CERTIFICATION OF MINUTES RELATING TO
TAX INCREMENT FINANCING DISTRICTS NO. 7-2, 7-3 AND 7-4
Issuer: City of Plymouth, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting held May 9, 2000, at 7:00 p.m., at the
City Hall, Plymouth, Minnesota.
Members present: Mayor Tierney, Councilmembers Johnson, Bildsoe, Slavik, Brown, Black, and
Harstad
Members absent: None
Documents Attached:
Minutes of said meeting (including):
RESOLUTION NO. 2000-254
RESOLUTION APPROVING AMENDMENTS TO TAX
INCREMENT FINANCING PLANS FOR TAX INCREMENT
FINANCING DISTRICTS NO. 7-2, 7-3 AND 7-4
I, the undersigned, being the duly qualified and acting recording officer of the public corporation
issuing the bonds referred to in the title of this certificate, certify that the documents attached
hereto, as described above, have been carefully compared with the original records of said
corporation in my legal custody, from which they have been transcribed; that said documents are a
correct and complete transcript of the minutes of a meeting of the governing body of said
corporation, and correct and complete copies of all resolutions and other actions taken and of all
documents approved by the governing body at said meeting, so far as they relate to said bonds;
and that said meeting was duly held by the governing body at the time and place and was
attended throughout by the members indicated above, pursuant to call and notice of such meeting
given as required by law.
WITNESS my hand officially as such recording officer this day of May, 2000.
City Clerk
-1-
Councilmember Bildsoe introduced the following resolution and moved its adoption,
which motion was seconded by Councilmember Black
CITY OF PLYMOUTH
RESOLUTION NO. 2000-254
RESOLUTION APPROVING AMENDMENTS TO TAX
INCREMENT FINANCING PLANS FOR TAX INCREMENT
FINANCING DISTRICTS NO. 7-2, 7-3 AND 7-4
WHEREAS, the City of Plymouth, Minnesota (the "City") proposes to amend the tax
increment financing plans (the "Plans") heretofore approved for the above tax increment financing
districts (the "Districts"), pursuant to the provisions of Minnesota Statutes, Section 469.175,
subdivision 4(a), to amend the budgets to clearly reflect the aggregate amount of interest to be
paid from tax increments on the financing made available to or on behalf of the respective
developers pursuant to the development agreements executed with respect to the Districts; and
WHEREAS, drafts of the proposed amendments (the "Amendments") have been prepared
and furnished to this Council for review; and
WHEREAS, the City has submitted copies of the proposed Amendments to the County
Board of Commissioners and the school board of the local school district not less than 30 days
prior to the date hereof,
WHEREAS, the City Council, on the date hereof, held a public hearing regarding approval
of the Amendments, for which hearing notice was published in a newspaper of general circulation
in the City not less than 10 or more than 30 days prior to the date hereof,
WHEREAS, the City has performed all actions required by law to be performed prior to
the consideration of the Amendments.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, as follows:
1. On the basis of the information presented to the Council, information included in the
Amendments, information provided at the public hearing and at other Council meetings, the
Council hereby finds and determines that it is necessary and desirable to amend the respective
budgets included in the Plans to up -date and clarify the aggregate amount of tax increments to be
expended on the interest component of the financing made available to or on behalf of the
respective developers pursuant to the development agreements executed with respect to the
Districts.
2. The Amendments are hereby approved and adopted by the City in substantially the
form on file with the City on this date.
-2-
3. Except as amended by the Amendments, the Plans, and resolutions adopting and
approving the Plans, and the findings originally contained therein, are incorporated herein by
reference and are confirmed.
4. The City Finance Director is authorized and directed to file a copy of the Amendments
with the Commissioner of Revenue.
Attest:
Adopted this 9th day of May, 2000
City Clerk
Mayor
Upon vote being taken thereon, the following voted in favor of the foregoing resolution:
All members voted in favor.
and the following voted against the same: None.
whereupon the resolution was declared duly passed and adopted.
-3-