HomeMy WebLinkAboutResolution 4648 • ��
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��6 - CITY of ORONO .
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� G'� RESOLUTION OF THE CITY COUNCIL
�`9k'ESI��4��' NO. � 4 s � � �
� RESOLUTION CALLING FOR PUBLIC HEARINGS �
ON ORONO WOODS TAX INCREMENT FINANCING
PLAN,DEVELOPMENT PLAN,HOUSING PROGRAM .
AND ISSUANCE OF MULTIFAMILY HOUSING REVENUE BONDS
BE IT RESOLVED by the City Council of the City of Orono,Minnesota, as follows:
Section L BACKGROi7ND. � �
1. There has been presented to this Council drafts of a Tax Increment Financing Plan and � �
Development Plan and a Housing Program(together the "Plans")relating to the financing of a 62-
unit multifamily housing facility for seniors (the "Project"). The Plans describe a proposal to
provide tax increment assistance pursuant to Minnesota Statutes, Sections 469.174 to 469.179,and
to issue housing revenue bonds under Minnesota Statutes, Chapter 462C.
. Section 2. COUNCIL ACTION. �
2. This Council shall hold public hearings on the Plans and the issuance of revenue
bonds at its regular meeting on Monday,May 14,2001 at 7:00 0'clock P.M. Notice of such hearings
shall be given as required by law.
Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held this 23rd day
of April, 2001.
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� ' � � � Barbara Peterson, Mayor �
ATTEST: .
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T_in�.�_C �T��Clerk
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