Laserfiche WebLink
MAR. 28. 2001 4: 37PM EHLERS & ASSOCIATES NO, 0981 P. 2/3 <br /> 0 EHLERS <br /> & ASSOCIATES INC <br /> March 28,2001 <br /> BY FAX AND BY REGULAR MAIL <br /> Commissioner Penny Steele <br /> Hennepin County Board of Commissioners <br /> A-2400 Government Center • <br /> 300 South 6th Street <br /> Minneapolis, MN 55487 <br /> Re: City of Orono/Orono IIRA <br /> Proposed Establishment of Tax Increment Financing District No. 1-1 <br /> Dear Commissioner Steele; <br /> The City of Orono and the Orono Housing and Redevelopment Authority (HRA) are considering a proposal to <br /> establish Tax Increment Financing District No. 1-1 (the"District"). The District will be a"housing"tax increment <br /> financing district. Tax increments collected from the District are proposed to be used to facilitate construction of <br /> senior housing. The proposed location of the District is within Development District No. 1 and is indicated on the <br /> attached map. <br /> The City Council has scheduled a public hearing on this matter,pursuant to the Minnesota Tax Increment Financing <br /> Act, on May 14, 2001, at approximately 7:00 P.M. The Act requires the City notify the County Board member <br /> representing the affected area at least 30 days prior to publishing the notice of public hearing on the establishment <br /> of a housing or a redevelopment tax increment district. <br /> A complete draft of the tax increment financing plan will be sent to the County no later than April 13,2001. We <br /> would like to solicit your comments and offer to meet with you at your convenience if you so desire.In addition, <br /> we invite you to attend the public hearing on the establishment of Tax Increment Financing District No. 1-1. Please <br /> direct any comments or questions that you may have to Ron Moorse(City Administrator) at 952-249-4601 or to <br /> me at 651-697-8506. <br /> Sincerely, <br /> - . RS &ASSOZ TES,INC. <br /> \ 0107a <br /> R sty FifiAll <br /> Financial Advisor <br /> Acting for and on behalf of the City of Orono,Minnesota <br /> Enclosure <br /> cc; Ron Moorse, City of Orono <br /> Steve Rosholt, Faegre&Benson P.L.L.P. <br /> A <br /> Equal Opoorionity Employer <br /> L E A D ERS IN PUBLIC FINANCE <br /> Charter Member of the National A;sociahon <br /> of Independent Publib Finance Advisors <br /> ..,,... .. . n ... n_,.._ “NI Ce„, 1111F ca, cQi ocnn Coy RC1 CO7 RFFF ,,.wiv ohlurc_tnr rnm <br />