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<br /> <br />tervi{{e <br /> <br />'L.,ta6(ished 1857 <br /> <br />1880 :Main Street, Centerviffe, :M~ 55038 <br />651-429-3232 orPaJ(651-429-8629 <br /> <br />J <br />Member {_<~1 <br /> <br />introduced the following resolution and moved its adoption: <br /> <br />CITY OF CENTERVlLLE <br /> <br />RESOLunON #07-03';,z, <br /> <br />RESOLunON CAWNG FOR A PUBUC HEARING ON THE ADOPTION OF A TAX INCREMENT <br />FINANONG PLAN FOR TAX INCREMENT FINANONG DISTRICT NO. 1-7 <br /> <br />WHEREAS, on September 23, 1987 the Oty 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 financing plan (Plan) for TIF District No. 1-7 <br />pursuant Minnesota 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 Council of the City of Centerville, Minnesota as follows: <br /> <br />1 The Finance Director is authorized and directed to prepare the Plan for TIF District No. 1-7. <br /> <br />2 . The city council shall hold a public hearing on the Plan on September 26, 2007, starting at 6:30 <br />p. m. in the council 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 Finance Director is authorized and directed to transmit a copy of the Plan to the county <br />and school district with a notice of the time and place of the public hearing to be held before <br />the city council. <br /> <br />S 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 />c-1M II J fA ~ <br />Ma<ya.;';"~r ..~ <br />L='~~~~ ~~~~ <br />Teresa Bender, City Clerk <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: \J rJ /1 /J <br />;PaM ~~()~ 'l'-- <br /> <br />ATTEST: <br /> <br />71r C~, L,,,J ~~~ ~ X"k, ~4-- <br />y~ ~ r/H. <br />