HomeMy WebLinkAbout1998-159 Council ResolutionMember Neal introduced the following resolution and moved its
adoption:
CITY OF LINO LAKES
RESOLUTION NO. 98-159
RESOLUTION CALLING FOR PUBLIC HEARING TO MODIFY DEVELOPMENT
DISTRICT NO. 1 AND TO MODIFY TAX INCREMENT FINANCING DISTRICT NO.
1-7 AND TO ESTABLISH TAX INCREMENT FINANCING DISTRICT NO. 1-9
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 modify the Plan ("TIF District No. 1-7 Plan") and to establish Tax
Increment Financing District No. 1-9 ("TIF District No. 1-9") 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 modification of the TIF District No. 1-7
Plan, and the adoption of a Tax Increment Financing Plan ("TIF District No. 1-9 Plan")
for TIF District No. 1-9, 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. The city clerk -treasurer 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, December 14, 1998 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. The city clerk -treasurer 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 modification of the TIF District No. 1-7 Plan and the establishment of
TIF District No. 1-9.
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.
Dated: October 26, 1998
ATTEST:
*)a
Marilyn G. 'Anderson, Clerk -Treasurer
pe`f y A. Sullivan, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by
member Dahl and upon vote being taken thereon, the following
voted in favor thereof: Bergeson, Dahl, Lyden, Neal, Sullivan.
and the following voted against same: none.
Whereupon said resolution was declared duly passed and adopted.