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HomeMy WebLinkAbout94-37 RESOLUTION 94-37 RESOLUTION ON THE PROPOSAL TO MODIFY DEVELOPMENT DISTRICT NO. 2 AND FORM TAX INCREMENT FINANCING DISTRICTS NOS. 2-3 AND 2-4 WITHIN DEVELOPMENT DISTRICT NO. 2 AND ADOPT A DEVELOPMENT PROGRAM AND TAX INCREMENT FINANCING PLANS AND CALL FOR CONSULTATION WITH OTHER AFFECTED JURISDICTIONS AND PUBLIC HEARING MOTION BY: WHEREAS, WHEREAS, WHEREAS, GREENFIELD SECONDED BY: SCHENCK a proposal to modify Development District No.2, form Tax Increment Financing Districts Nos. 2-3 and 2-4 within Development District No.2 under the provisions of Minnesota Statues, chapter 469 (the "Act") and to adopt a development program and tax increment financing plans has been received by the City Council; and the Act requires that prior to modification of a development district and formation of a tax increment financing district the City Council shall provide a reasonable opportunity to members of the County Board of Commissioners of the County of Scott and the members of the School Board of Independent School District No. 719 to meet with the City Council and that the City Council shall fully inform the members of the County Board and School Board of the fiscal and economic implications of the proposed tax increment financing districts; and the Act further requires that prior to the modification of a development district, formation of a tax increment financing district and the adoption of a development program and tax increment financing plan a public hearing shall be held thereon. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA, as follows: 1. The City Clerk is authorized and directed to make available to the County Board of Commissioners of Scott County and of the School Board of Independent School District No. 719 a copy of this resolution, together with a copy of the proposed development program and tax increment financing plans, and to invite board members to meet with the City Council to discuss said proposals on the 1 st day of August, 1994, at 7:45 p.m. at the City Hall. 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER RS94-37 PAGE 2 2. A public hearing on said plan will be held at the time and place set forth in the Notice of Hearing hereto attached and incorporated herein by reference. The City Clerk is authorized and directed to cause said Notice of Hearing to be published in the official newspaper and, if the official newspaper does not have general circulation, in a newspaper of general circulation in the City as least once not less than 10 days nor more than 30 days prior to the date of hearing and to cause a copy of said notice to be mailed to Scott County and the School Board of Independent School District No. 719. Passed and adopted this 5th day of July, 1994. YES NO Andren Greenfield Kedrowski Scott Schenck x X X X X Andren Greenfield Kedrowski Scott ../,' SChen~ r;t( / Frank ~~~is )r~ i .~ City Ma)'I~ger / City of PrtOrCake {Seal} RS9437,WRT