Res. #24-008 - Calling for a Public Hearing on the Proposed Modification of Development District No. 1

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CITY OF CENTERVILLE ANOKA COUNTY STATE OF MINNESOTA Res. # '� -„ Ip RESOLUTION CALLING PUBLIC HEARING ON THE PROPOSED MODIFICATION OF DEVELOPMENT DISTRICT NO. 1 AND THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-8 WITHIN THE DEVELOPMENT DISTRICT AND THE ADOPTION OF THE MODIFIED DEVELOPMENT PROGRAM AND THE ADOPTION OF THE TAX INCREMENT FINANCING PLAN RELATING TO THERETO BE IT RESOLVED by the City Council (the "Council") of the City of Centerville, Minnesota (the "City"), as follows: I. Public Hearin. This Council shall meet on Wednesday, June 12, 2024, at approximately 6:30 p.m., to hold a public hearing on the following proposed matters: (a) the modification of Development District No. I (the "Development District'); (b) the establishment of Tax Increment Financing District No. 1-8 (the "TIF District") within the Development District; (c) the adoption of the Modified Development Program for the Development District; and (d) the adoption of the Tax Increment Financing Plan relating to the TIF District (the "TIF Plan") all pursuant to Minnesota Statutes, Sections 469.124 through 469.133 and Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive, as amended (the "Act"). 2. Preparation of Plans. City staff and the financial consultant to the City are authorized and directed to take all other steps necessary to prepare the TIF Plan and related documents and to undertake other actions necessary to bring the TIF Plan before the Council. illn o of Proet'am and, Plan. The City Clerk is hereby authorized 3. Notice of Hearin F' to cause a notice of the hearing, substantially in the form attached hereto as Exhibit A, to be published as required by the Act and to place a copy of the Development Program, and the proposed Tax Increment Financing Plan on file in the City Clerk's Office at City Hall and to make such copies available for inspection by the public. 4. Consultation with Other„ Taxln;, Jurisdictions. The financial consultant to the City on behalf of the City Clerk to the City is hereby directed to mail a notice of the public hearing and a copy of the proposed Development Program and the proposed Tax Increment Financing Plan to Anoka County and Independent School District No. 12 informing those taxing jurisdictions of the estimated fiscal and economic impact of the establishment of the proposed TIF District.