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(74itv <br /> O 0 <br /> o, CITY of ORONO <br /> IA 1�"' tii <br /> K <br /> t �;�I1 �Gti i RESOLUTION OF THE CITY COUNCIL <br /> �kES� NO. 462 <br /> A RESOLUTION CALLING FOR A PUBLIC HEARING <br /> ON THE PROPOSED ESTABLISHMENT OF <br /> DEVELOPMENT DISTRICT NO. 1 AND <br /> TAX INCREMENT FINANCING DISTRICT NO. 1-1 <br /> NOW,THEREFORE,BE IT RESOLVED by the City Council(the"Council")for <br /> the City of Orono, Minnesota(the "City"), as follows: <br /> SECTION 1. Public Hearing. The Council shall meet on May 14, 2001, at <br /> approximately 7:00 p.m.to hold a public hearing on:(1)the proposed establishment of Development <br /> District No. 1 and the adoption of a development program, and (2) the proposed establishment of <br /> Tax Increment Financing District No. 1-1 and the adoption of a tax increment financing plan. These <br /> actions are taken pursuant to and in accordance with the Minnesota Statutes, Sections 469.124 <br /> through 469.134 and Sections 469.174 through 469.179, inclusive, as amended, in an effort to <br /> encourage the development of certain designated areas and the provision of housing within the City; <br /> and <br /> SECTION 2. Notice of Public Hearing, Filing of Documents. City staff is <br /> authorized and directed to work with Ehlers&Associates,Inc.,to prepare the Development Program <br /> for Development District No. 1 and the Tax Increment Financing Plan for Tax Increment Financing <br /> District No. 1-1 and to provide notifications as required by State Law. The City Administrator is <br /> authorized and directed to cause notice of the hearing,together with an appropriate map as required <br /> by law,to be published at least once in the official newspaper of the City no later than 10,nor more <br /> than 30, days prior to May 14, 2001 and to place a copy of the Development Program and the Tax <br /> increment Financing Plan on file in the City Clerks's office at City Hall and to make such copy <br /> available for inspection by the public. <br /> Adopted by the City Council this 12th day of March, 2001. <br /> 4 , , 1 ,,. , ...„., /, , <br /> Barbara Peterson, Mayor <br /> ATTEST: <br /> L9C_ / e:l./p,-r(_— <br /> Rachel Dodge, Deputy Clerk <br />