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