HomeMy WebLinkAbout1989-049 Council ResolutionMember Neal introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 49 - 89
RESOLUTION CALLING FOR A PUBLIC
HEARING ON THE ADOPTION OF A
TAX INCREMENT FINANCING PLAN
WHEREAS, the City Council has establihed Development District No. 1
pursuant to Minnesota Statutes, Sections 469.124 through 469.134; and
WHEREAS, the City Council wishes to consider the creations of Tax
Increment Financing District No. 1-3 within the Development District No. 1,
pursuant to Minnesota Statutes, Section 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. Holmes & Graven, Chartered is hereby authorized and directed to prepare a
Tax Increment Financing Plan (Plan) for TIF district No. 1-3 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 Plan
before the City Council on the llth day of September, 1989, at1:30 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 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 Plan before the City Council at the
time of the public hearing.
Dated: July 24,
, 1989.
ATTEST:
ali.4_t4J C�2c��_E,�.aLitJ
Maril�in G. Anderson, City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Bohjanen and upon vote being taken thereon, the following
voted in favor thereof: Neal, Bohjanen, Mayor Benson
and the following voted against same: None
Whereupon said resolution was declared duly passed and adopted.
0527RE01.E40