09-10252rRESOLUTION NO. 10252
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON
THE PROPOSED ADOPTION OF A MODIFICATION TO THE REDEVELOPMENT
PLAN FOR RICHFIELD REDEVELOPMENT PROJECT AREA; THE PROPOSED
MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR THE
INTERSTATE-LYNDALE-NICOLLET TAX INCREMENT FINANCING DISTRICT;
AND THE PROPOSED ESTABLISHMENT OF HUD 202 AND HUD 811 TAX
INCREMENT FINANCING DISTRICTS, AND THE ADOPTION OF TAX
INCREMENT FINANCING PLANS THEREFORE
BE IT RESOLVED by the City Council (the "Council") for the City of Richfield, Minnesota
(the "City"), as follows:
Section 1. Public Hearing. This Council shall meet on August 11, 2009, at approximately
7:00 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 Modification to
the Tax Increment Financing Plan for Interstate-Lyndale-Nicollet (ILN) Tax Increment Financing
District, specifically the removal of parcels, the proposed establishment of HUD 202 and HUD 811
Tax Increment Financing Districts (housing districts), and the proposed adoption of Tax Increment
Financing Plans therefore, referred to collectively herein as the. "Modifications and TIF Plans", all
pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, and
Sections 469.174 through 469.179, 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 Hearing Filing of Modifications and TIF Plans. City staff is
authorized and directed to work with Ehlers & Associates, Inc., to prepare the Modifications and
TIF Plans 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 August 11, 2009, and to place a copy of the Modifications and TIF
Plans on file in the Community Development Director's office at City Hall and to make such copy
available for inspection by the public.
Dated: June 9, 2009
Adopted:
e ie Goettel, Mayor
ATTEST:
Nancy Gibbs, ity Clerk
ATTACH SCHEDULE OF EVENTS FROM FREERS AND ASSOCIATES
(Draft as of June 1, 2009)