2003-155 Council Resolution - Laserfiche WebLink

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CITY OF LINO LAKES RESOLUTION NO. 03-155 RESOLUTION CALLING FOR PUBLIC HEARING TO MODIFY DEVELOPMENT DISTRICT NO. 1 AND TO ESTABLISH TAX INCREMENT FINANCING DISTRICT NO. 1-11 WHEREAS, the Lino Lakes Economic Development Authority (the "EDA") intends to modify the program (The "Program") for Development District No. 1 (the "District"), and to establish Tax Increment Financing District No. 1-11 ("TIF District No. 1-11") within the District; and WHEREAS, Minnesota Statutes, sections 469.174 through 469.179 (the "TIF Act") and sections 469.124 through 469.134 (the "City Development District Act") requires that the city council of the City of Lino Lakes (the "City") hold a public hearing on the modification of the Program and the adoption of a Tax Increment Financing Plan ("TIF District No. 1-11 Plan") for TIF District No. 1-11, following approval thereof by the EDA. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota as follows: 1. Springsted Inc. is authorized and directed to prepare a notice for publication in the official newspaper setting a public hearing before the city council to consider this matter on Monday, November 24, 2003 at 6:30 p.m. in the council chambers at city hall. The notice shall be published in the newspaper at least 10 but not more than 30 days prior to the public hearing. 2. Springsted Inc. is hereby authorized and directed to notify Independent School District No. 12 and Anoka County at least 30 days prior to the public hearing and to invite their comments and on the modification of the Program and the establishment of TIF District No. 1-11. 3. The city staff and consultants are authorized and directed to take any and all — other actions necessary to bring this matter before the city council at the time of the public hearing.