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HomeMy WebLinkAbout1988-055 Council Resolution• • • Member Bisel introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 55 - 88 RESOLUTION CALLING FOR A PUBLIC HEARING ON THE ADOPTION OF A DEVELOPMENT DISTRICT PROGRAM AND TAX INCREMENT FINANCING PLAN WHEREAS, the City Council wishes to establish a Development District pursuant to Minnesota Statutes, Sections 469.124 through 469.134 and to establish a Tax Increment Financing District within the Development District pursuant to Minnesota Statutes, Sections 469.174 through 469.179 for the purpose of encouraging development within a portion of the City. NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of Lino Lakes, Minnesota as follows: 1. LeFevere, Lefler, Kennedy, O'Brien & Drawz, P.A. is hereby authorized and directed to prepare a Development Program (Program) and a Tax Increment Financing Plan (Plan) and to file a copy thereof with the city administrator. 2. The city administrator is authorized and directed to prepare a notice for publication in the official newspaper setting a public hearing on the Program and Plan before the City Council on the 22nd day of August, 1988, at 8:30 p.m. in the council chambers. The notice shall be published in the newspaper at least 10 but more than 30 days prior to such public hearing. 3. The city administrator is hereby authorized and directed to submit a copy of the Program and Plan to the county and school district for comment and to notify the same of the time and place of the hearing to be held before the City Council on the Plan. 4. The city administrator and consultants are authorized and directed to take all other actions necessary to bring the Program and Plan before the City Council at the time of the public hearing. • • • Dated: July 25 , 1988. ATTEST: rson, City Clerk Benjamin enson, M or The motion for the adoption of the foregoing resolution was duly seconded by member Neal and upon vote being taken thereon, the following voted in favor thereof: Bisel, Neal, Bohjanen and the following voted against same: None Whereupon said resolution was declared duly passed and adopted. 0527RE01.E40 2