HomeMy WebLinkAbout2017-03CITY OF GEM LAKE, MINNESOTA
RESOLUTION NO. 2017 - 03
RESOLUTION CALLING PUBLIC HEARING ON A PROPOSED
PROPERTY TAX ABATEMENT
BE IT RESOLVED By the City Council of the City of Gem Lake, Ramsey County, Minnesota
(the "City"), as follows:
1. Pursuant to Minnesota Statutes, Sections 469.1812 through 469.1815, as amended (the
"Act"), the City may grant an abatement of all or a part of the taxes levied by the City on real property
within its boundaries (the "Abatement") and issue general obligation bonds to finance the acquisition of
land to be used as a public park (the "Abatement Bonds"); provided, however, that the City Council first
holds a public hearing regarding the proposed Abatement.
2. The City proposes to issue Abatement Bonds to finance the costs of acquiring land to be
used as a public park within the City.
3. In accordance with the Act, the City Council hereby calls for a public hearing on Tuesday,
June 20, 2017, at 7:00 PM, to consider the proposed Abatement for the purposes described herein.
4. The City EA dmA;Q4r--4 -Clerk is authorized and directed to publish a notice of public
hearing in substantially the form set forth in EXHIBIT A attached hereto in a newspaper of general
circulation in the City more than 10 but less than 30 days before the date of the public hearing.
5. City staff and consultants are authorized to take all other actions needed to bring the
proposed Abatement and issuance of the Abatement Bonds before the City Council.
Adopted by the City Council of the City of Gem Lake, Minnesota, this 161 day of May, 2017.
1
Mayor
ATTEST:
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499541v1 GAF GE190-12
EXHIBIT A
NOTICE OF PUBLIC HEARING
NOTICE OF PUBLIC HEARING REGARDING A
PROPOSED PROPERTY TAX ABATEMENT
NOTICE IS HEREBY GIVEN that the City Council of the City of Gem Lake, Minnesota (the
"City") will meet on Tuesday, June 20, 2017, at or after 7:00 PM in the City Council Chambers at
Heritage Hall, 4200 Otter Lake Road in the City, to hold a public hearing concerning a proposal that the
City abate all or a portion of property taxes levied by the City on the properties located in the following
areas of the City (the "Property"):
273022340010
273022340009
273022340006
283022440012
283022440011
283022440013
273022330011
273022330016
273022310003
273022310010
The total amount of the taxes proposed to be abated by the City on the Property is estimated not
to exceed $550,000. The City Council will consider the property tax abatement in connection with the
issuance of general obligation tax abatement bonds to finance the acquisition of land within the City that
will be used as a public park.
All interested persons may appear and be hard at the public hearing either orally or in writing, or
may file written comments with the City Administrator -Clerk before the hearing.
Dated: 2017
BY ORDER OF THE CITY COUNCIL OF
THE CITY OF GEM LAKE, MINNESOTA
City Administrator -Clerk
City of Gem Lake, Minnesota
A-1
499541v1 GAF GE190-12