HomeMy WebLinkAbout15-058 Call for Public Hearing re Proposed TIF District (Dominium)
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 15-058
RESOLUTION CALLING FOR 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. 1-5; THE PROPOSED ADOPTION
OF THE TAX INCREMENT FINANCING PLAN THEREFORE
Motion By: MCGUIRE Second By: MORTON
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.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
as follows:
1.The recitals set forth above are incorporated herein.
2.Public Hearing. This Council shall meet on Monday, May 11, 2015, at approximately 7:00 p.m. to 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. 1-5, (a housing
district), the proposed adoption of a Tax Increment Financing Plan therefor, all pursuant to and in
accordance with Minnesota Statutes, Sections 469.124 to 469.134, and Sections 469.174 to 469.1794,
inclusive, as amended, in an effort to encourage the development of housing options within the City; and
3.Notice of Public Hearing, Filing of Program and TIF Plan. City staff is authorized and directed 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. 1-5, and to forward documents to the appropriate
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 May 11, 2015, 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 23 DAY OF MARCH 2015.
rd
VOTE Hedberg Keeney McGuire Morton Thompson
Aye
☒☒☒☒☒
Nay
☐☐☐☐☐
Abstain
☐☐☐☐☐
Absent
☐☐☐☐☐
______________________________
Frank Boyles, City Manager