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RESOLUTION '88 -33 u
RESOLUTION ON THE PROPOSAL TO FORMA
TAX INCREMENT FINANCING DISTRICT
WITHIN DEVELOPMENT DISTRICT NO. 1 AND ADOPT
A TAX INCREMENT FINANCING PLAN AND CALL FOR CONSULTATION
WITH OTHER AFFECTED JURISDICTIONS AND PUBLIC HEARING
WHEREAS, a proposal to form a tax increment financing district within Development
/ District No.` - under the. provisions of Minnesota Statutes, Chapter 469 (the "Act") and to r
adopt a tax increment financing plan has been received by the City Council, and
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WHEREAS, the Act requires that prior to formation of a tax increment financing district
the City Council shall provide a reasonable opportunity to members of the County Board of
Canmissioners 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 district, and
WHEREAS, the Act further requires that prior to the . formation of a tax Increment
financing district and adoption of tax increment financing plan a public hearing shall be held
thereon
NOW THEREFORE,' BE IT RESOLVED by the City Council of the City"of Prior• Lake as
follows:
1. The City Clerk is authorized and-directed to make, available'' to the. County Board of
Co n nissioners 0 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" tax Increment financing
district plan, and to invite board members to meet with the City Council to discuss said
proposal on the 21st 'day of. March,. 1933 at L 30 March,, at the Clty':Hall.
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L A public hearlrig an said plans will be hsld at the time and place set forth In:the.'Notice sr
oi,_.`Hewri; hereto: attached and incorporated herein by ,reference. The City Ckrk IS
autltorlsid
and directed tq cause said Notice, of Nearing to' be published In the official
tows- P6 and, 0 the official newspaper does not have general dreulition, In a newspaper of
jenira! dreubtloh in the r City as: least once no t less than 10 days. nor More ih� an` 30 days
prbr the date of. hearth and to cause a copy of said " notice to be wailed'to Scott
and b School lard" ofth School District Nor` 719,
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Adopted by the Prior Lake City Council this 1st day of February, 1933.
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