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ORONO HOUSING AND REDEVELOPMENT AUTHORITY <br /> CITY OF ORONO <br /> HENNEPIN COUNTY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. 2001-01 <br /> RESOLUTION REQUESTING CITY COUNCIL <br /> ACTION ON ORONO WOODS TAX INCREMENT <br /> FINANCING PLAN AND HOUSING PROGRAM <br /> BE IT RESOLVED by the Board of Commissioners (the "Board") of the Orono <br /> Housing and Redevelopment Authority (the "HRA") of the City of Orono, Minnesota, as <br /> follows: <br /> Section 1. BACKGROUND. <br /> 1. There has been presented to this Board drafts of the Tax Increment Financing Plan <br /> and Development Plan and a Housing Program(together the "Plans")relating to the financing of a <br /> 62-unit multifamily housing facility for seniors(the "Project"). Those Plans describe a proposal to <br /> provide tax increment assistance pursuant to Minnesota Statutes, Sections 469.174 to 469.179 and <br /> the issuance of housing revenue bonds under Minnesota Statutes, Chapter 462C. <br /> Section 2. HRA ACTION. <br /> 2. The City Council is hereby requested to conduct public hearings on the Plans. <br /> Adopted by the Orono HRA of the City of Orono, Minnesota at a regular meeting held this <br /> 23rd day of April, 2001. <br /> Barbara Peterson, Chair <br /> ATTEST: <br /> Rachel Dodge, Deputy Clerk <br /> Page 1 of 1 <br />