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Res 2004- 88 Calling for Public Hearing on TIF AmendmentRESOLUTION NO. 04-88 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF MENDOTA HEIGHTS HELD: NOVEMBER 16, 2004 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Mendota Heights, Minnesota, was duly called and held at the City Hall on Tuesday, the 16th day of November, 2004 at 7:30 P.M. The following members were present: Mayor Huber, Councilmemebers Vitelli, Schneeman, Krebsbach and Duggan and the following were absent: None. Member Duggan introduced the following resolution and moved its adoption: RESOLUTION CALLING FOR A PUBLIC HEARING ON THE AMENDMENT OF THE TAX INCREMENT PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. I WHEREAS, the City of Mendota Heights (the "City") has heretofore established Tax Increment Financing District No. I (the "District") and adopted a tax increment financing plan therefor (the "Tax Increment Financing Plan"); WHEREAS, the City has determined that it is necessary and desirable to amend the Tax Increment Financing Plan to increase the budget set forth therein to more correctly reflect the amount of capital and administrative costs previously authorized; WHEREAS, Minnesota Statutes, Section 469.175 requires that prior to the City approving an amendment to the tax increment financing plan the City must hold a public hearing and provide notice to the other taxing jurisictions; NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mendota Heights, Minnesota, as follows: 1. Public Hearing; Delivery to the School District and City. This City Council shall meet at the time and place specified in the form of notice attached hereto as Exhibit A for the purpose of holding a public hearing on the proposed amendment of the Tax Increment Financing Plan for Tax Increment Financing District No. I pursuant to and in accordance with the Minnesota Statutes, Sections 469.174 through 469.1799, both inclusive (collectively, the "Act"). The staff of the City is hereby authorized to deliver copies of the amendment to the Tax 1707528vl Increment Financing Plan to Independent School District No. 197 and Dakota County at least 30 days before the public hearing. 2. Notice of Hearing. The Clerk of the City is hereby authorized to cause a notice of the hearing, in substantially the form attached hereto as Exhibit A, to be published as required by the Act and to place a copy of the proposed Amendment to Tax Increment Financing Plan for the District on file in the City Finance Director's office and to make such copies available for inspection by the public. The motion for the adoption of the foregoing resolution was duly seconded by Member Vitelli and upon vote being taken thereon, the following voted in favor: Mayor Huber and Councilmembers; Vitelli, Schneeman, Kxebsbach and Duggan and the following voted against the same: None. Whereupon said resolution was declared duly passed and adopted. Adopted by the City Council of the City of Mendota Heights This 16th day of November, 2004. ATTEST: By —� ay��� Kathl en M. Swanson, City Clerk CITY COUNCIL CITY OF MENDOTA HEIGPYS By John Hubei, ayor 1707528vl 2 STATE OF MINNESOTA ) ) SS. COUNTY OF DAKOTA ) 1, the undersigned, being the duly qualified and acting Clerk of the City of Mendota Heights, Minnesota, DO HEREBY CERTIFY that the attached resolution is a true and correct copy of an extract of minutes of a meeting of the City Council of the City of Mendota Heights, Minnesota, duly called and held on November 16, 2004, as such minutes relate to the calling for a public hearing on the Amendment of the Tax Increment Financing Plan for Tax Increment Financing District No. 1. 1707528vl c16rk 3 FOR on U1113 M NOTICE OF PUBLIC HEARING REGARDING THE AMENDMENT OF THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. I NOTICE IS HEREBY GIVEN that the City Council of the City of Mendota Heights, Minnesota (the "City") will meet on Tuesday, December 21, 2004 at 7:30 p.m., or as soon thereafter as the matter may be heard, at the City Hall, 1101 Victoria Curve, Mendota Heights, Minnesota, for the purpose of conducting a public hearing on the proposed amendment to the Tax Increment Financing Plan for Tax Increment Financing District No. I (the "Tax Increment Financing District"), pursuant to Minnesota Statutes, Section 469.174 to 469.1799, both inclusive, as amended. The Tax Increment Financing District is located within the Municipal Development District No. I (the "Development District"). A map indicating the property included in Tax Increment Financing District and the boundaries of the Development District is set forth below. A draft copy of the proposed Amendment to Tax Increment Financing Plan will be available for public inspection at the City Finance Director's Office in City Hall and is available for inspection during regular business hours commencing on Friday, December 10, 2004. At the public hearing, all interested persons will be given an opportunity to be heard or to submit written comments. [INSERT MAP] BY ORDER OF THE CITY COUNCIL /s/ Kathleen Swanson City Clerk 1707528vl A-1