HomeMy WebLinkAboutCity Council Resolution 2018-332
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-332
R ESOLUTION C ALLING FOR A P UBLIC H EARING ON THE
P ROPOSED A DOPTION OF A M ODIFICATION TO THE T AX I NCREMENT
F INANCING P LAN FOR T AX I NCREMENT F INANCE D ISTRICT N O. 7-7
WHEREAS, the City of Plymouth, Minnesota (the “City”) previously established Development
District No. 7 (the “Development District”) and adopted a Development Program therefore, pursuant to
Minnesota Statutes, Sections 469.124 through 469.133, as amended, in an effort to encourage the
development and redevelopment of certain designated areas within the City; and
WHEREAS, the City previously established Tax Increment Financing (Redevelopment) District No.
7-7 (the “TIF District”) within the Development District and adopted a Tax Increment Financing Plan (the
“TIF Plan”) therefore, pursuant to and in accordance with Minnesota Statutes, Sections 469.174 through
469.1794, as amended (the “Act”); and
WHEREAS, City is proposing to adopt a modification to the TIF Plan, pursuant to and in
accordance with the Act, to increase the budgetary authority;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA:
Section 1. Public Hearing. This Council shall meet on November 27, 2018, at approximately 7:00
P.M., to conduct a public hearing on the proposed adoption of a modification to the TIF Plan, (the
“Modification”), to increase the budgetary authority; and
Section 2. Notice of Public Hearing, Filing of the Modification. City staff is authorized and directed
to work with Ehlers & Associates, Inc., to prepare the Modification, and to forward documents to the
appropriate taxing jurisdictions including Hennepin County and Independent School District No. 281.
The City Manager is authorized and directed to cause notice of the hearing, together with an
appropriate map as required by law, to be published at least once in the official newspaper of the City
not later than 10, nor more than 30, days prior to November 27, 2018, and to place a copy of the
Modification on file in the City Manager's office at City Hall and to make such copy available for
inspection by the public.
APPROVED by the City Council on this 9th day of October, 2018.
Resolution No. 2018-332
Page 2 of 2
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS.
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth, Minnesota,
certifies that I compared the foregoing resolution adopted at a meeting of the Plymouth City Council on
October 9, 2018 with the original thereof on file in my office, and the same is a correct transcription
thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this ___________day of
__________________, __________.
____________________________________
City Clerk