HomeMy WebLinkAboutResolution No. 473-04 71.Z
• RES OLUTION NO. 9 73—04
RESOLUTION INITIATING PROCESS FOR APPROVAL
OF DEVELOPMENT DISTRICT
AND TAX INCREMENT FINANCING PLANS AND CALLING A PUBLIC HEARING
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.
31 (the "Development District"); adopt the Development Program for the Development
District; and establish a new Tax Increment Financing District No. 31-1 within the
Development District and approve the related tax increment financing plan (collectively,
the "Plans"); all pursuant to and in conformity with applicable law; and
(c) The Council is required to hold a public hearing on the Plans, as required
• by Minnesota Statutes, Sections 469.126, Subdivision 1, and 469.175, Subdivision 3.
2. Public Hearin. The Council will hold a public hearing on the Plans at a meeting
of the Council to be held in the Council/Board Chambers in the Government center on Monday,
November 1, 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 4TH DAY OF OCTOBER, 2004.
(BitS- IDENT OF SAID COMMON COUNCIL
ATTEST:
CITY CLE K
Approved this L,,V4 day of October„ 2004
,,
• (Seal of the City of Rochester, Minnesota) �
MAYOR OF SAID CITY
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