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Council Member Kuether <br />�-- moved its adoption: <br />introduced the following resolution and <br />CITY OF LINO LAKES <br />RESOLUTION NO. 89 — 93 <br />RESOLUTION CALLING FOR A PUBLIC HEARING ON THE MODIFICATION OF THE <br />PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-4 <br />WHEREAS, <br />WHEREAS, <br />WHEREAS, <br />WHEREAS, <br />the City Council of the City of Lino Lakes, Minnesota, <br />(the City) has established Development District No. 1 <br />pursuant to Minnesota Statutes, sections 469.124 through <br />469.134; and <br />within Development District No. 1, the City has <br />established TIF District 1-4; and <br />it has been proposed that the Plan for TIF District No. <br />1-4 be modified in order to be able to offer additional <br />public assistance; and <br />the City has transferred authority for TIF District No. <br />1-4 to the Lino Lakes Economic Development Authority (the <br />EDA) but the City is required by statute to hold a public <br />hearing on the proposed modification. <br />NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of <br />Lino Lakes, Minnesota as follows: <br />1. Holmes & Graven, Chartered is hereby authorized and directed <br />to prepare a modification to the Plan for TIF District No. 1-4 <br />and to file a copy thereof with the City Administrator. <br />2. The City Administrator is authorized and directed to prepare <br />a notice for publication in the official newspaper setting a <br />public hearing on the modified Plan before the City council on <br />the 13th day of December, 1993, at 6:45 P.M. in the council <br />chambers. The notice shall be published in the newspaper at <br />least 10 days but not more than 30 days prior to such public <br />hearing. <br />3. The City Administrator is hereby authorized and directed to <br />submit a copy of the modified Plan to the county and school <br />district for comment and to notify the same of the time and <br />place of the hearing to be held before the City Council. <br />4. The City Administrator and consultants are <br />directed to take all other actions necessary <br />modified Plan before the City Council at the <br />public hearing. <br />Adopted this 25th day of October, 1993. <br />authorized and <br />to bring t h e <br />time of the <br />