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City Council Resolution 2005-124CITY OF MONTICELLO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2005-124 RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT 1-6 (A REDEVELOPMENT DISTRICT) BE IT RESOLVED by the City Council (the "Council") for the City of Monticello, Minnesota (the "City"), as follows: Section 1. Public Hearing. This Council shall meet on February 13, 2006, at approximately 7:00 P.M., to hold a public hearing on the proposed adoption of a Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 1-6, (a redevelopment district), (the "Modification"), all pursuant to and in accordance with Minnesota Statutes, Sections 469.001 to 469.047, and Sections 469.174 to 469.1799, 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 Modification. City staff is authorized and directed to work with Ehlers & Associates, Inc., to prepare the Modification and to forward documents to the appropriate taxing jurisdictions including Wright County and Independent School District No. 882. 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 13, 2006, and to place a copy of the Modification on file in the City Administrator's office at City Hall and to make such copy available for inspection by the public. Dated: December 12, 2005 Adopted: Clint Herbst, Mayor ATTEST: c Rick Wolfsteller, City Administrator