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CITY OF ST. ANTHONY HOUSING .AND <br /> REDEVELOPMENT AUTHORITY <br /> H.R.A. RESOLUTION 00-006 <br /> • RESOLUTION RELATING TO BUSINESS SUBSIDIES; CALLING FOR A <br /> PUBLIC HEARING ON THE GRANTING OF BUSINESS SUBSIDY <br /> BE IT RESOLVED by the Board of Commissioners of Housing and Redevelopment <br /> Authority of St. Anthony, Minnesota(the"HRA"), as follows: <br /> SECTION 1. RECITALS <br /> 1.01. Minnesota Statutes, Sections 116J.993 to 116J.995 (the "Act"), provides that the <br /> HRA, as a local government agency within the meaning of the Act, before granting a business subsidy, <br /> within the meaning of the Act, that exceeds $100,000 must provide public notice and a hearing on the <br /> subsidy. <br /> 1.02. Hillcrest Development has requested that the HRA provide tax increment financing <br /> assistance to it or a related entity in connection with the proposed acquisition and rehabilitation of <br /> Apache Plaza Shopping Center located at 39' Avenue and Silver Lake Road in the City of St. <br /> Anthony and adjacent parcels. <br /> SECTION 2. PUBLIC HEARING. <br /> 2.01. A public hearing on the granting of business a subsidy in the form of tax increment <br /> financing assistance in connection with the proposed acquisition and rehabilitation of Apache Plaza <br /> Shopping Center and adjacent parcels is hereby called and shall be held on July 25, 2000, at 7:00 p.m., <br /> in the City Council Chambers in the St. Anthony City Administrative Offices, 3301 Silver Lake Road in <br /> the City of St. Anthony. <br /> 2.02. The Executive Director shall cause notice of the public hearing to be published in the <br />_. official newspaper of.the.HRA and.a newspaper of general circulation in the.City of St. Anthony at-least <br /> once not less than 10 days prior to the date fixed for the public hearing. <br /> 2.03. Information about the proposed business subsidy, including a draft copy of the <br /> proposed business subsidy agreement, shall be available for public inspection, following publication of <br /> the notice of public hearing, at the St. Anthony City Administrative Offices, between the hours of 8:00 <br /> a.m. and 4:30 p.m., on normal business days. <br /> Adopted this day of 2000 . <br /> Chair <br /> Executive Director <br />