13-10862r RESOLUTION NO. 10862
RESOLUTION CALLING FOR A PUBLIC HEARING ON PROPOSED PROPERTY
TAX ABATEMENTS FOR THE CITY OF RICHFIELD'S ICE ARENA PROJECT
WHEREAS, Minnesota Statutes, Sections 469.1812 through 469.1815, both
inclusive (the "Act"), authorizes the City of Richfield, Minnesota (the "City"), upon
satisfaction of certain conditions, to grant an abatement of all or a part of the taxes
levied by the City on certain property; and
WHEREAS, the City is considering an abatement of the property taxes on
parcels 33-028-24-43-0049 and 33-028-24-43-0050 for the purposes of current
refunding the Gross Revenue Ice Arena Bonds, Series 1999, for interest savings, and
financing public improvements to the Richfield Ice Arena; and
WHEREAS, under Section 469.1813, subd. 2(a) of the Act, the City is authorized
to use the abatement of taxes to pay for all or a part of the cost of projects having public
benefits; and
WHEREAS, the Act requires the City to hold a public hearing prior to adoption of
a resolution granting any property tax abatements:
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota, as follows:
i) Hearing. A public hearing on the consideration of granting a property tax
abatement for current refunding the Gross Revenue Ice Arena Bonds, Series 1999, for
interest savings, and financing public improvements to the Richfield Ice Arena will be
held at the Richfield City Hall, 6700 Portland Avenue, at approximately 7:00 PM on
January 14, 2014.
ii) Notice. The City Clerk is hereby authorized and directed to cause notice of
said hearing, to be given one publication in a newspaper of general circulation in the
City more than 10 days but not more than 30 days before the hearing. The newspaper
must be one of general interest and readership in the City, and must be published at
least once per week.
Adopted by the City Council of the City of Richfield, Minnesota this 10th day of
December, 2013.
52„acket geWer-
Debbie GoetteL Mayor
Attest:
Nancy Gi•,; :, City Clerk