RES 16-33CITY OF OTSEGO
WRIGHT COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2016-33
RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL
ON THE PROPOSED MODIFICATION OF THE DEVELOPMENT PROGRAM
FOR DEVELOPMENT DISTRICT NO. 1; AND THE PROPOSED
MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 1— GREAT RIVER CENTRE.
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 April 11, 2016, at approximately 7:00
P.M., to hold a public hearing on the proposed modification to the Development Program for
Development District No. 1 (the "Development Program Modification") and the proposed modification to
the Tax Increment Financing Plan for Tax Increment Financing District 1 - Great River Centre (an
economic development district) (the "TIF Plan Modification) therein, therefor (together the
"Modifications") 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 Modifications. City staff is authorized and
directed to work with Ehlers to prepare the Modifications 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 April 11, 2016, and to place a copy of the Modifications on file in the City
Administrator's office at City Hall and to make such copy available for inspection by the public.
Dated: March 14, 2016
ATTEST:
City Clerk
Adopted: