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ITEM 3.8 Approve calling Public hearing to consider tax abatement for Family Speech and Therapy'� Request for Otsego City Council Action MINNE60TA DEPARTMENT INFORMATION ORGINATING DEPARTMENT: REQUESTOR' MEETING DATE' Administration City Clerk .off February 25, 2013 PRESENTER(s): REVIEWED BY: ITEM # Consent Agenda City Administrator Johnson 3.8 AGENDA ITEM DETAILS RECOMMENDATION: Approve calling a Public Hearing to consider Tax Abatement for Family Speech and Therapy on March 25j 2013 at 7:00 PM at Otsego Prairie Center, 8899 Nashua Avenue NE. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? N/A N/A BACKGROUND/JUSTIFICATION; On February 11, 2013 the EDA recomniended to have the City Council call a Public Hearing to consider tax abatement for Family Speech and Therapy, SUPPORTING DOCUMENTS: xATTACHED X NONE 0 PH notice MOTION - (Please word motion as you would like it to appear in the rninutes.) Motion to call a Public Hearing to consider Tax Abatement for Family Speech and Therapy on March 25, 2013 at 7:00 PM at Otsego Prairie Center BUDGET INFORMATION FUNDING, BUDGETED' ❑YES N/A o NO ACTION TAKEN o APPROVED AS REQUESTED DENIED ci TABLED DOTHER (List changes) COMMENTS' CITY OF OTSEGO NOTICE OF PUBLIC HEARING REGARDING PROPOSED CITY PROPERTY TAX ABATEMENT FOR COMMERCIAL PROPERTY -LOT 1, BLOCK 19 MIS SIS SIS SPI SNORES EIGHTH ADDITION NOTICE IS HEREBY GIVEN that the City Council of the City of Otsego, Minnesota, will hold a public hearing at a meeting of the Council beginning at 7:00 p.m., on Monday, March 25, 2013 to be held at the Otsego Prairie Center, 8899 Nashua. Avenue NE, Otsego, Minnesota, on the proposal that the City abate property taxes levied by the City on Parcel Identification Number 118-216-00101 located at 15 590 90'1' Street NE. The total amount of the taxes proposed to be abated by the City on the Property for up to a maximum of ten (10) year period will be not more than $25,000. The City Council will consider granting a property tax abatement in response to the request. Information about the proposed tax abatement and a copy of the draft Tax Abatement Agreement for the recipient is available for inspection at the City Hall during regular business hours. All interested persons may appear at the March 25 public hearing and present their views orally or in writing. Dated: February 26, 2013 By Order of The City Council City of Otsego, MN Tami Loff City Clerk