06-9797r
RESOLUTION NO. 9797
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY
COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO
THE REDEVELOPMENT PLAN FOR THE RICHFIELD REDEVELOPMENT
PROJECT AREA, AND THE PROPOSED ESTABLISHMENT OF THE
CEDAR AVENUE TAX INCREMENT FINANCING DISTRICT (A
REDEVELOPMENT DISTRICT) THEREIN, AND THE ADOPTION OF A
TAX INCREMENT FINANCING PLAN THEREFOR.
BE IT RESOLVED by the City Council (the "Council") for the City of Richfield, Minnesota
(the "City"), as follows:
Section 1. Public Hearinq. This Council shall meet on September 26, 2006, at
approximately 6:30 P.M., to hold a public hearing on the proposed adoption of a
modification to the Redevelopment Plan for the Richfield Redevelopment Project Area, the
proposed establishment of the Cedar Avenue Tax Increment Financing District, (a
redevelopment district), and the proposed adoption of a Tax Increment Financing Plan
therefor, all pursuant to and in accordance with Minnesota Statutes, Sections 469.174
through 469.1799, inclusive, as amended, in an effort to encourage the development and
redevelopment of certain designated areas within the City; and
Section 2. Notice of Public Hearinq, Filinq of Plans. City staff is authorized and
directed to work with Ehlers & Associates, Inc., to prepare a modification to the
Redevelopment Plan for the Richfield Redevelopment Project Area and a Tax Increment
Financing Plan for the Cedar Avenue Tax Increment Financing District and to forward
documents to the appropriate taxing jurisdictions including Hennepin County and
Independent School District No. 280. The Community Development Director is authorized
and directed to cause notice of the hearing, together with an appropriate map as required
by law, to be published at least once in the official newspaper of the City not later than 10,
nor more than 30, days prior to September 26, 2006 and to place a copy of the Plans on
file in the Community Development Director's office at City Hall and to make such copy
available for inspection by the public.
Adopted by the City Council of Richfield this 25th day of July 2006.
ATTEST: