HomeMy WebLinkAbout06-00716200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
CITY OF PRIOR LAKE
COUNTY OF SCOTT
STATE OF MINNESOTA
RESOLUTION NO. 06-07
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL
ON THE PROPOSED ADOPTION OF THE ESTABLISHMENT OF THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 5; THE
PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT
NO. 5-1; TlrIF, PROPOSED ADOPTION OF TltE TAX INCREMENT
FINANCING PLAN THEREFORE, AND ON THE PROPOSED AWARDING OF
A BUSINESS SUBSIDY.
MOTION: Millar SECOND: Dombush
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 March 6, 2006, at approximately 7:00
P.M., to hold a public hearing on the proposed establishment of the Development Program for
Development District No. 5, the proposed establishment of Tax Increment Financing District No. 5-1, (a
redevelopment district), the proposed adoption 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 establishment of the Development
Program for Development District No. 5, and the Tax Increment Financing Plan for Tax Increment
Financing District No. 5-1, 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 March 6,
2006, 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 3m) DAY OF JANUARY, 2006.
YES NO
Haugen X Haugen
Dornbush X Dornbush
Erickson X Erickson
LeMair X LeMair
Millar X Millar
Frank Boyles,~~
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