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<br /> <br />RESOLUTION NO. 5068 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION INITIATING PROCESS FOR CONSIDERATION <br />OF A NEW TAX INCREMENT FINANCING DISTRICT <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the City of Mounds View, <br />Minnesota (the ""City"), as follows: <br /> <br />\, Recitals. <br /> <br />(a.) Pursuant to Minnesota Statutes, Sections 469.090 through 469.108, the <br />Mounds View Economic Development Authority (the ""EDA") is authorized to exercise <br />development and redevelopment powers. <br /> <br />(b.) The EDA has established its Mounds View Economic Development District <br />(the "District") and adopted the Project Plan therefor. <br /> <br />~...I <br />IIIJ<.,., <br />\ . <br /> <br />(c.) The EDA has proposed to establish a tax increment financing district ("TIF <br />District") for the proposed Bel Rae redevelopment project. <br /> <br />(d.) The process which must be followed is the preparation of the tax increment <br />plan, notification to both the individual county commissioner and the County Board as a <br />whole, notification to the School Board, and the holding of a public hearing by the City <br />Council on the proposed plan. <br /> <br />2. Public Hearing, The Council hereby authorizes the necessary steps which need to be <br />taken in order to prepare and bring forward the proposed tax increment financing plan and district <br />for consideration and public hearing by the City Council. City Staff is authorized to schedule the <br />public hearing to be held by the Council at the appropriate time, given the required 30-day prior <br />notice to the County and School Boards and the requirement that notice of the public hearing be <br />published at least 10 days prior thereto. <br /> <br />ATTEST: <br /> <br />Adopted by the Mounds View City Council this 13th day of January 1997. <br /> <br /> <br />~tC '{))~~ -. <br /> <br />Mayor, Duane McCa y <br /> <br />(flU W~ <br /> <br />.M__" _, <br />City Administrat ,Chuck Whiting <br /> <br />"'\ <br />, . " \ (SEAL) <br />.-\' <br /> <br />i <br />i <br /> <br />.... <br />