1987 Rec./Disb./Resolutions & Minutes

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~ ". r-;- ~ tr · Councilriler:lber \iIalter Neumann introduced the follo~\J!ing resolution and rnoved its adopt ion: CITY OF CENTERVILLE RESOLUTION NO. 87-23 RESOLUTION ESTABLISHING DEVELOPMENT DISTRICT NO.1 AND ECONOMIC DEVELOPMENT TAX'INCREMENT FINANCING DISTRICT NO. 1-1 IN DEVELOPMENT DISTRICT NO. 1 ADOPTING A TAX INCREMENT FINANCING PLAN BE IT RESOLVED by the City Council of the City of Centerville, Hinne- sota, as follows: Section 1. Recitals. 1.01. The City Council finds and determines that it is in the best interest of the economic development of the City that there be established a Municipal Development District (Development District) in the City pursu- ant to the provisions of Minnesota Statutes, Chapter 469 (Act). 1.02. The City also desires to create Economic Tax Increment Financ- ing District No. 1-1 (TIF District) within the Development District and to adopt a Tax Increment Financing Plan (TIF Plan) therefor, pursuant to the Act. 1.03. The City Council has investigated the facts and caused a Development Program (Program) for the Development District and the TIF Plan to be prepared, which Plan and Program describes the actions to be taken to promote development within the Development District and is contained in a document entitled "Proposed Developtnent Program for Development District No. 1 and Proposed Tax Increment Financing Plan for Tax Increment Financing District No.1-I, City of Centerv1lle, Minnesota, September 2, 1987", now on file in the office of the Clerk-Treasurer. 1.04. The Program and TIF Plan were reviewed by the planning commis- sion on September 23, 1987 and were found to be in compliance with the City's land use regulations and the general plans for development of the City. 1.05. In accordance with the provisions of the Act, the City has given the members of the Board of Commissioners of Anoka County and the School Board of Independent School District No. 12 an opportunity to review the fiscal and economic implications of the TIF Plan and to discuss the matter with the City Council. 1.06. The City Council held a public hearing on the creation of the Development District and the TIF District and adoption of the TIF Plan on Sept~mi.)er t3. pQl 1987. after notice of the public hearing was published on Septei'll)er J.1, 1987 , in the City's official newspaper, at which hearing all persons desiring to be heard on the subject were given an opportunity to express their views wit~ respect thereto.