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HomeMy WebLinkAboutResolution 2000-57RESOLUTION 2000-57 RESOLUTION CALLING FOR A PUBLIC HEARING ON THE ESTABLISHMENT OF A REDEVELOPMENT TAX INCREMENT FINANCING DISTRICT AND TIF PLAN THEREFOR, AND A MODIFIED REDEVELOPMENT PLAN FOR THE DOWNTOWN CBC REDEVELOPMENT PROJECT Whereas, the City of Columbia Heights ("City") and its Economic Development Authority ("Authority") have contemplated using tax increment financing CTIF") in order to facilitate construction of housing for senior citizens and persons of low and moderate income pursuant to Minnesota Statutes, Sections 469.174 to 469.179 (the "Act"); and Whereas, the City Council has determined to consider a modification of the redevelopment plan for the Downtown Central Business District Redevelopment Project ("Project"), an establishment of a redevelopment TIF District CTIF District") within the project area, and to hold a public hearing regarding those actions in accordance with the Acts. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights, that: The Authority, and its staff and consultants, are hereby authorized and directed to cause to be prepared a modification to the redevelopment plan for the Project and a tax increment financing plan for the proposed TIF District, and to file a copy of such documents in City Hall. The City Clerk-Treasurer is authorized and directed to prepare a notice for publication in the City's official newspaper setting a public hearing before the City Council on September 25, 2000 at approximately 7:00 p.m. in the council chambers on the Project plan and TIF Plan. The notice shall be published in the newspaper at least 10 but not more than 30 days prior to the public heating, and shall include a map of the modified Project area and proposed TIF District. The City Manager is authorized and directed to notify the County Commidsioner representing the area proposed to be included in the TIF District regarding the proposed district, in accordance with the Act. The City Manager is authorized and directed to transmit a copy of the modified Project plan and the TIF Plan to the County Board and School Board at least 30 days before the date of the public hearing and to take all other actions necessary to bring the Project plan and TI1~ Plan before the City Council at the time of the public hearing. Dated this 14th Day of August, 2000. Offered by: Jolly Seconded by: Szurek Roll Call All ayes ay~orG~ . Peter~~son