RES 16-04CITY OF OTSEGO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2016-4
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL
ON THE PROPOSED ESTABLISHMENT OF DEVELOPMENT DISTRICT NO.
1 AND THE PROPOSED ADOPTION OF A DEVELOPMENT PROGRAM
THEREFOR; AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT
FINANCING DISTRICT NO. 1— GREAT RIVER CENTRE THEREIN AND THE
ADOPTION OF THE TAX INCREMENT FINANCING PLAN THEREFOR.
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 22, 2016, at approximately 7:00
P.M., to hold a public hearing on the proposed establishment of Development District 1, and the proposed
adoption of a Development Program (the "Development Program") therefor, and the proposed
establishment of Tax Increment Financing District 1 - Great River Centre (an economic development
district) therein, and the proposed adoption of a Tax Increment Financing Plan (the "TIF Plan") therefor
(together the "Program and 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 and Plan. City staff is authorized and
directed to work with Ehlers to prepare the Program and 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 22, 2016, and to place a copy of the Program and Plan on file
in the City Administrator's office at City Hall and to make such copy available for inspection by the
public.
Dated: January 11, 2016
ATTEST:
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Tami Loff, City Clerk V
Adopted:
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Jes ica Stockamp, Mayor