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City of Mountain Iron, Minnesota



Resolution Number 10-16 Public Hearing

RESOLUTION NUMBER 10-16

 

CALLING PUBLIC HEARING ON THE PROPOSED ADOPTION OF AN AMENDMENT TO THE DEVELOPMENT PROGRAM RELATING TO DEVELOPMENT DISTRICT NO. 1, THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 15 WITHIN THE DEVELOPMENT DISTRICT NO. 1 AND THE PROPOSED ADOPTION OF A TAX INCREMENT FINANCING PLAN RELATING THERETO

 

BE IT RESOLVED by the City Council (the “Council”) of the City of Mountain Iron, Minnesota (the “City”), as follows:

 

1.         Public Hearing.  This Council shall meet on March 21, 2016, at approximately 6:30 p.m., to hold a public hearing on the following matters:  (a) the proposed adoption of an amendment to the Development Program relating to Development District No. 1 and (b) the proposed establishment of Tax Increment Financing District No. 15 within the Development District No. 1; and (c) the proposed adoption of a Tax Increment Financing Plan relating thereto, all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 through 469.134, both inclusive, as amended, and Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive, as amended (collectively, the “Act”).

 

2.         Notice of Hearing; Filing of Program and Plan.  The City Administrator is hereby authorized to cause a notice of the hearing, substantially in 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 the Development Program and the proposed Tax Increment Financing Plan for Tax Increment Financing District No. 15 on file in the City Administrator’s Office at Mountain Iron city hall and to make such copies available for inspection by the public.

 

3.         Consultation with Other Taxing Jurisdictions.  The City Administrator is hereby directed to mail a notice of the public hearing and a copy of the amendment to the Development Program and the Tax Increment Financing Plan for Tax Increment Financing District No. 15 to the Saint Louis County Auditor and the Clerk of Independent School District No. 712 informing those taxing jurisdictions of the estimated fiscal and economic impact of the amendment to the Development Program and the establishment of the proposed Tax Increment Financing District No. 15.

 

DULY ADOPTED BY THE CITY COUNCIL THIS 15th DAY OF FEBRUARY, 2016.

 

____________________________________

Mayor Gary Skalko

ATTEST:

 

__________________________________

City Administrator

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