RES 17-34EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
OTSEGO, MINNESOTA
HELD: April 24, 2017
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Otsego, Wright County, Minnesota, was duly held at the Otsego Prairie Center on Monday,
the 24th day of April, 2017 at 7:00 p.m. for the purpose of calling a public hearing on the
proposed modification of Municipal Development District No. 1 and the proposed establishment
of Tax Increment Financing District No. 2 within the Development District, the proposed
adoption of the Development Program and the Tax Increment Financing Plan relating to thereto.
The following Council members were present: Stockamp, Heidner, Darkenwald, Tanner
and Warehime.
and the following were absent: None
Councilmember Heidner introduced the following resolution and moved its adoption:
RESOLUTION 2017-34
RESOLUTION CALLING PUBLIC HEARING ON THE PROPOSED
MODIFICATION OF MUNICIPAL DEVELOPMENT DISTRICT NO. 1 AND
THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING
DISTRICT NO. 2 WITHIN THE DEVELOPMENT DISTRICT AND THE
PROPOSED ADOPTION OF DEVELOPMENT PROGRAM AND TAX
INCREMENT FINANCING PLAN RELATING TO THERETO
BE IT RESOLVED by the City Council (the "Council') of the City of Otsego, Minnesota
(the "City"), as follows:
1. Public Hearin. This Council shall meet on Monday, June 12, 2017, at
approximately 7:00 p.m., to hold a public hearing on the following matters: (a) the proposed
modification of Municipal Development District No. 1; (b) the proposed establishment of Tax
Increment Financing District No. 2 within the Development District; (c) the proposed adoption
of the Development Program for the Development District; and (d) the proposed adoption of a
Tax Increment Financing Plan relating to Tax Increment Financing District No. 2, all pursuant to
and in accordance with Minnesota Statutes, Sections 469.124 through 469.133, and, Minnesota
Statutes, Sections 469.174 through 469.1794, both inclusive, as amended (collectively, the
"Act"); and
2. Notice of Hearing Filing of Program and Plan. The City Clerk is hereby
authorized to cause a notice of the hearing, substantially in the form attached hereto as Exhibit A,
to be published as required by the Act, and to place a copy of the proposed Development
The motion for the adoption of the foregoing resolution was duly seconded by
Councilmember Tanner and upon vote being taken thereon, the following voted in favor:
Stockamp, Heidner, Tanner, Darkenwald, Warehime
and the following voted against the same: None.
Whereupon said resolution was declared duly passed and adopted.
3
Program, the proposed Tax Increment Financing Plan on file in the City Clerk's Office at City
Hall and to make such copies available for inspection by the public.
3. Consultation with Other Taxing Jurisdictions, The City Clerk is hereby directed
to mail a notice of the public hearing and a copy of the proposed modification to the
Development Program and the proposed establishment of Tax Increment Financing Plan to
Wright County and Independent School District No. 728 informing those taxing jurisdictions of
the estimated fiscal and economic impact of the establishment of the proposed Tax Increment
Financing District No. 2.
Adopted by the City Council of the City of Otsego, Minnesota, this 2 4 day of
ami 1
)2017.
ATTEST:
x
City Clerk
2
t �
�;j 1(��i�1► La
STATE OF MINNESOTA )
ss.
COUNTY OF WRIGHT )
I, the undersigned, being the duly qualified and acting City Clerk of the City of Otsego,
Minnesota, DO HEREBY CERTIFY that the attached resolution is a true and correct copy of an
extract of minutes of a meeting of the City Council of the City of Otsego, Minnesota duly called
and held, as such minutes relate to the calling of a public hearing on the proposed modification
of Municipal Development District No. 1, the establishment of Tax Increment Financing District
No. 2, and the adoption of the Development Program and Tax Increment Financing Plan relating
to thereto.
WITNESS my hand as such City Clerk of the City of Otsego this 24 day of
April , 2017.
d
City Clerk
M
EXHIBIT A
CITY OF OTSEGO, COUNTY OF WRIGHT
STATE OF MINNESOTA
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council (the "Council") of the City of Otsego, Wright County,
Minnesota, will hold a public hearing on Monday, June 12, 2017, at approximately 7:00 p.m., at the Otsego
Prairie Center, in the City of Otsego, Minnesota, relating to the modification of Municipal Development District
No. I and the establishment of Tax Increment Financing District No. 2, and the adoption of the Development
Program and Tax increment Financing Plan relating to thereto, all pursuant to and in accordance with
Minnesota Statutes, Sections 469.124 through 469.133, and Minnesota Statutes, Sections 469.174 through
469.1794, both inclusive, as amended. Copies of the Development Program and Tax Increment Financing Plan
as proposed to be adopted, will be on file and available for public inspection at the office of the City Clerk at
City Hall.
The property proposed to be included in Municipal Development District No. 1 is described in the Development
Program on file in the office of the City Clerk. The property proposed to be included in Tax Increment
Financing District No. 2 is described in the Tax Increment Financing Plan on file in the office of the City Clerk.
The boundaries of Municipal Development District No. 1 and Tax Increment Financing District No. 2 are
shown in the adjacent map.
[insert map with boundaries of Development District and TIF District]
All interested persons may appear at the hearing and present their views orally or in writing prior to the hearing.
Dated: _, 2017.
BY ORDER OF THE CITY COUNCIL
[Publish , 20171
City Clerk
5