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Member Theis introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO. 90-56
RESOLUTION CALLING FOR A
PUBLIC HEARING ON THE ADOPTION OF A
TAX INCREMENT FINANCING PLAN FOR
TAX INCREMENT FINANCING DISTRICT NO. 1-7
WHEREAS, the City of Medina (City) has established a city development
district pursuant to 'Minnesota Statutes Sections 469.124 through 469.134
(Development District No. 1) to promote development and redevelopment within an
area of the City which has not been developed to its full potential; and
WHEREAS, the City has established six tax increment financing districts
within Development District No. 1 to assist specific projects which would not have
occurred without public assistance; and
WHEREAS, the City wishes to establish Tax Increment Financing District
No. 1-7 (TIF No. 1-7) within Development District No. 1 in order to assist another
project which would not have occurred without assistance.
NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of
Medina, Minnesota as follows:
1. Holmes & Graven, Chartered is authorized and directed to prepare a tax
increment financing plan (Plan) for TIF District No. 1-7.
2. The city council shall hold a public hearing on the Plan on the 18th day of
September, 1990, starting at 8:00 p.m. in the council chambers at city hall.
3. The clerk -treasurer shall prepare a notice of the public hearing and shall
cause the notice to be published in the official newspaper at least 10 but not
more than 30 days prior to the public hearing.
4. The clerk -treasurer shall transmit a copy of the Plan to the county and
school district with a notice of the time and place of the public hearing to
be held before the city council.
5. The clerk -treasurer shall submit a copy of the Plan to the planning
commission for review for its consistency with the plans for development of
the City as a whole.
6. The staff and city attorney are authorized and directed to take any and all
other steps reasonably necessary in order to accomplish these purposes.
DATED: August 21, 1990.
Thom A. Ande n, Mayor
ATTEST:
J
Donna Roehl, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by
member Scherer and upon vote being taken thereon, the following voted in favor
thereof: Anderson, Theis, Mitchell, Schmit and Scherer.
and the following voted against same: NONE.
Whereupon said resolution was declared duly passed and adopted.
ME230-RES
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