HomeMy WebLinkAboutResolution No. 198-04 /98- 0
RESOLUTION NO.
• RESOLUTION SETTING A PUBLIC HEARING ON A
DEVELOPMENT PROGRAM
AND TAX INCREMENT FINANCING PLAN
BE IT RESOLVED by the Common Council (the "Council") of the City of Rochester,
Minnesota(the "City"), as follows:
1. Recitals.
(a) Pursuant to Minnesota Statutes, Sections 469.124 through 469.134, the
City is authorized to exercise development district powers; and
(b) It has been proposed that the City establish its Development District No.
30 (the "Development District"); adopt the Development Program (the "Program") for the
Development District; and establish a new Tax Increment Financing District No. 30-1
within the Development District and approve the related tax increment financing plan
(the "Plan"); all pursuant to and in conformity with applicable law; and
(c) The Council is required to hold a public hearing on the Program and the
Plan, as required by Minnesota Statutes, Sections 469.126, Subdivision 1, and 469.175,
Subdivision 3.
• 2. Public Hearing. The Council will hold a public hearing on the Program and the
Plan at a meeting of the Council to be held in the Council/Board Chambers in the Government
Center on Monday,May 17, 2004, commencing at 7:00 p.m., Central Time. City staff is hereby
authorized and directed to cause the notice of public hearing which is attached to this Resolution
to be published in the City's official newspaper not more than 30 and not less than 10 days prior
to the scheduled hearing date.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 3RD DAY OF MAY, 2004.
SIDENT OF THE COMMON
ATTEST: COUNCIL
CITY LE
�� day of May, 2004.
Approved this
MAYOR
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