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• �� <br /> � O� <br /> � O O <br /> ��6 - CITY of ORONO . <br /> � '" . <br /> � G'� RESOLUTION OF THE CITY COUNCIL <br /> �`9k'ESI��4��' NO. � 4 s � � � <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 L BACKGROi7ND. � � <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 0'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 /> � ' � � � Barbara Peterson, Mayor � <br /> ATTEST: . <br /> ��,�� �c��, <br /> T_in�.�_C �T��Clerk <br /> yaxacc v • <br /> �a��i t�qe, iJ��Duf-c! C'ie,�lC. . <br /> � <br />