RES 17-105CITY OF OTSEGO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2017-105
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL
ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND
THE ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 4
— RIVERBEND NORTH.
BE IT RESOLVED by the City Council (the "Council") for the City of Otsego, Minnesota (the "City"), as
follows:
Section 1. Public Hearing. This Council shall meet on February 12, 2018, at approximately 7:00
P.M., to hold a public hearing on the proposed adoption of a modification to the Development Program for
Development District 1 (the "Program Modification") for the proposed establishment of Tax Increment
Financing District 4 — Riverbend North (a housing district) therein, and the proposed adoption of a Tax
Increment Financing Plan (the "TIF Plan") therefor (together the "Program Modification and TIF Plan")
all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 to 469.133, and Sections
469.174 to 469.1794, 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 Program Modification and TIF Plan. City staff is
authorized and directed to work with Ehlers to prepare the Program Modification and TIF Plan and to
forward documents to the appropriate taxing jurisdictions including Wright County and Independent
School District No. 728. The City Administrator 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 February 12, 2018, and to place a
copy of the Program Modification and TIF Plan on file in the City Administrator's office at City Hall and
to make such copy available for inspection by the public.
Dated: December 11, 2017
ATTEST:
City Administrator
Adopted:
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