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4C:04, <br /> �O O <br /> CITY of ORONO <br /> �� 1 A o RESOLUTION OF THE CITY COUNCIL <br /> �t9 � 4� NO. 4648 <br /> RESOLUTION CALLING FOR PUBLIC HEARINGS <br /> ON ORONO WOODS TAX INCREMENT FINANCING <br /> PLAN, DEVELOPMENT PLAN, HOUSING PROGRAM <br /> AND ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS <br /> BE IT RESOLVED by the City Council of the City of Orono, Minnesota, as follows: <br /> Section 1. BACKGROUND. <br /> 1. There has been presented to this Council drafts of a Tax Increment Financing Plan and <br /> Development Plan and a Housing Program (together the "Plans")relating to the financing of a 62- <br /> unit multifamily housing facility for seniors (the "Project"). The Plans describe a proposal to <br /> provide tax increment assistance pursuant to Minnesota Statutes, Sections 469.174 to 469.179,and <br /> to issue housing revenue bonds under Minnesota Statutes, Chapter 462C. <br /> Section 2. COUNCIL ACTION. <br /> 2. This Council shall hold public hearings on the Plans and the issuance of revenue <br /> bonds at its regular meeting on Monday,May 14,2001 at 7:00 o'clock P.M. Notice of such hearings <br /> shall be given as required by law. <br /> Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held this 23rd day <br /> of April, 2001. <br /> /' _ <br /> ;` , ./ - i <br /> Barbara Peterson, Mayor <br /> ATTEST: <br /> �-� i•_c�c' Dc,ea(c_ <br /> Liz4Ela S. Vetr it , Clerk <br /> c_hci /edye, Qr�,�ry Gee <br />