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HRA Resolution 2006-03MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY CITY OF MONTICELL,O COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2Ct06 =03 RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITE' OF MONTICELLO CALL FOR A PUBLIC HEARING ON A MODIFICATION TO THE REDEVELOPMENT PLAN FOR CENTRAL MONTICELLO REDEVELOPMENT PROJECT NO. 1 AND THE ESTABLISHMENT OF A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1 -37 (AN ECONOMIC DEVELOPMENT DISTRICT) THEREIN AND THE ADOPTION OF A TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED, by the Board of Commissioners (the "Board ") of the Monticello Housing and Redevelopment Authority (the "HRA ") as follows: WHEREAS, the City Council (the "Council ") of the City of Monticello, Minnesota (the "City ") established Central Monticello Redevelopment Project No. 1 pursuant to Minnesota Statutes, Sections 469.001 through 469.047, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and WHEREAS, the HRA is proposing a Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 and the establishment of a Tax Increment Financing Plan for Tax Increment Financing District No. 1 -37 therein and the adoption of a Tax Increment Financing Plan therefor, all pursuant to, and in accordance with, Minnesota Statutes, Sections 469.174 through 469.1799 and Sections 469.001 to 469.047, inclusive, as amended; NOW, THEREFORE BE IT RESOLVED by the Board as follows: 1. The HRA hereby requests that the Council call for a public hearing to be held on April 24, 2006, to consider the proposed adoption of a Modification to the Redevelopment Plan for Central Monticello Redevelopment Project No. 1 (the "Redevelopment Plan Modification ") and the proposed adoption of the Tax Increment Financing Plan (the "TIF Plan ") for Tax Increment Financing District No. 1 -37, an economic development district, (the Redevelopment Plan Modification and the TIF Plan are referred to collectively herein as the "Plans ") and cause notice of said public hearing to be given as required by law. 2. The HRA directs the Executive Director to transmit copies of the Plans to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Plans are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing. 3. The Executive Director of the HRA is hereby directed to submit a copy of the Plans to the Council for its approval. 4. The HRA directs the Executive Director to transmit the Plans to the county and the school district(s) in which Tax Increment Financing District No. 1 -37 is located not later than March 24, 2006. 5. Staff and consultants are authorized and directed to take all steps necessary to prepare the Plan *And related documents and to undertake other actions necessary to bring the Plan before the Council. Approved by the Board on March 1, 2006. ATTEST: Chair QD