HomeMy WebLinkAbout11-103 Public Hearing for Proposed TIF 1-4
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 1 - 103
A RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPO SED MODIFICATION OF THE
DEVELOPMENT PROGRAM FOR MUNICIPAL DEVE L OPMENT DISTRICT NO. 1; THE PROPOSED
ESTABLISHMENT OF TAX INCREMENT FINAN C ING DISTRICT NO. 1 - 4; THE PROPOSE ADOPT ION OF T HE
TAX INCREMENT FINANC ING PLAN THEREFOR AN D ON THE PR O POSED AWARDING OF A BUSINESS
SUBSIDY
Motion By: Hedberg Second By: Soukup
WHEREAS, The City of Prior Lake has received a request for TIF assistance; and
WHEREAS, The City Council has considered the request to call a public hearing.
BE IT RESOLVED by the City Council (the "Council") for the City of Prior Lake, Minnesota (the "City"), as follows:
Section 1. Public Hearing . This Council shall meet on September 19, 2011, at approximately 8:00 . . , to
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hold a public hearing on the proposed modification of the Development Program for Municipal Development District
No. 1, the proposed establishment of Tax Increment Financing District No. 1 - 4, (an economic development district),
the proposed adopt ion of a Tax Increment Financing Plan therefor, and the proposed awarding of a business
subsidy, all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 to 469.134, and Sections
469.174 to 469.1799, inclusive, as amended, and Minnesota Statutes, Sections 116J.993 through 116J.995 in an
effort to encourage the development and redevelopment of certain designated areas within the City; and
Section 2. Notice of Public Hearing, Filing of Program and TIF Plan . City staff is authorized and directed to
work with Ehlers & Associates, Inc., to prepare the modification of the Development Program for Development
District No. 1, and the Tax Increment Financing Plan for Tax Increment Financing District No. 1 - 4, and to forward
documents to the appro priate taxing jurisdictions including Scott County and Independent School District No. 719.
The City Clerk is authorized and directed to cause notice of the hearing, together with an appropriate map as
required by law, to be published at least once in the official newspaper of the City not later than 10, nor more than 30,
days prior to September 19, 2011, and to place a copy of the Program and Plan on file in the City Clerk's office at
City Hall and to make such copy available for inspection by the public.
PASSED AND ADOPTED THIS 15 DAY OF AUGUST, 201 1 .
TH
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager