HomeMy WebLinkAbout1990-004 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 04-90
RESOLUTION CALLING FOR A PUBLIC
HEARING ON THE ADOPTION OF A
TAX INCREMENT FINANCING PLAN
WHEREAS, the City Council has established Development
District No. 1 pursuant to Minnesota Statutes, Sections
469.124 through 469.134; and
WHEREAS, the City Council wishes to consider the creation of
Tax Increment Financing District No. 1-4 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.
Homes & Graven, Chartered is hereby authorized and
directed to prepare a Tax Increment Financing Plan
(Plan) for TIF district No. 1-4 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 26th day of March, 1990, at 7:30
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
and directed to take all other actions
bring the Plan before the City Council
the public hearing.
are authorized
necessary to
at the time of
Harold L. Bise)
ATTEST:
r lyn G. Anderson, City Clerk
, Mayor
The motion for the adoption of the foregoing resolution was
duly seconded by member and upon vote
being taken thereon, the folow�voted in favor thereof:
and the following voted against the same: `n
Whereupon said resolution was declared duly passed and
adopted.