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<br />Member <br /> <br />introduced the following resolution and moved Its adoption: <br /> <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION NO. <br /> <br />RESOLUTION CALL1NG FOR A PUBL1C HEARING ON THE ADOPTION OF A TAX INCREMENT FINANCING <br />PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-7 <br /> <br />WHEREAS, on September 23, 1987 the dty of Centerville (City) established a city development <br />district (Development District No.1) pursuant Minnesota Statutes, Sections 469.124 through 469.134, to <br />promote development and redevelopment within an area of the City which had not been developed to Its <br />full potential; and <br /> <br />WHEREAS, the City wishes to create tax Increment flnandng plan (Plan) for TIF DIstrict No. 1;.7 <br />pursuant Minn~ota Statutes. SectIons 469.174 through 469.179, as amended, to encourage the <br />redevelopment of a certain designated area In the city and authorize the expenditure of tax increment for <br />certain public Improvements. <br /> <br />NOW, THEREFORE, BE IT RESOLVED By the City Coundl of the CIty of Centerville, Minnesota as follows: <br /> <br />1 The Rnance Director is authorized and directed to prepare the Plan forTIF District No. 1-7. <br /> <br />2 . The city coundl shall hold a public hearing on the Plan on September 26, 2007, starting at 6:30 <br />p. m. in the coundl chambers at city hall. <br /> <br />3 The Finance Director Is authorized and directed to prepare a notice of the public hearing and <br />cause the notice to be published In the official newspaper at least 10 days prior to the public <br />hearing. <br /> <br />4 The Rnance Director Is authorized and directed to transmit a copy of the Plan to the county and <br />school district with a notice of the time and place of the public hearing to be held before the city <br />council. <br /> <br />5 The Finance Director is authorized and directed to take any and all other steps reasonably <br />necessary in order to accomplish these purposes. <br /> <br />Dated: August 22. 2007. <br /> <br />Mary Capra, Mayor <br /> <br />ATTEST: <br /> <br />Teresa Bender, CIty derk <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />and upon vote being taken thereon, the following voted In favor thereof: <br /> <br />And the following voted against same: <br /> <br />Whereupon said resolution was declared duly passed and adopted. <br /> <br />~5' <br /> <br />- ------- --- ----~----~~~------------------ --~ <br />