HomeMy WebLinkAbout2011-027 Resolution No. 2011 -27
RESOLUTION APPROVING
City of Stillwater
TIF Distinct #1
Downtown Industrial Park Scattered Sites
469.176 Subd 4m Spending Plan
WHEREAS, on February 4, 2011 a notice was published in the Stillwater Gazette regarding a
public hearing that was to be held by the City of Stillwater City Council on February 15, 2011 at 7 PM
regarding the possible adoption of a spending plan for Stillwater TIF District #1 in compliance with
Minnesota Statue 469.176 Subd 4m; and
WHEREAS, on February 15, 2011 at 7 PM the City Council of the City of Stillwater held a
public hearing in the Council Chamber at City Hall located at 216 N 4th Street in Stillwater, Minnesota to
consider the adoption of a spending plan for Stillwater for TIF District #1 in compliance with Minnesota
Statue 469.176 Subd 4m.
NOW, THEREFORE, BE IT RESOLVED, after the public hearing and due consideration, the
City Council of the City of Stillwater hereby creates the following TIF spending plan to provide loans,
interest rate subsidies, and/or grants to private developments:
City of Stillwater TIF Distinct #1
469.176 Subd 4m Spending Plan
Proj ect Amount not to exceed
1. Downtown Facade Program $1,000,000.00
2. Commercial Building Fund $2,000,000.00
TOTAL $3,000,000.00
This purpose of these programs are to:
1. To create and retain jobs in the State of Minnesota, including construction jobs,
2. To allow for private construction on a project to commence before July 1, 2011, and
3. To allow for private construction to occur which would not have commenced without the
assistance.
Enacted by the City Council of the City of Stillwater, Minnesota this 15thy 2011.
CITY OF ST) i % TER
` / /
ene Mayor
A EST: f'
/Oa/2 1?.27.41(
Diane F. Ward, City Clerk y C erk
AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA
COUNTY OF WASHINGTON
Julie Athey,
being duly sworn on oath,says:that she is,
and during all times herein states has been,
Clerk of Sun Newspapers
Publisher of the newspaper known as the
Stillwater Gazette,a newspaper of
general circulation within the City of
City,of Stillwater Stillwater and the County of Washington.
Stillwater Gazette • February 4,2011
PUBLIC NOTICE That the notice hereto attached was cut from
ya, °' CITY OF STILLWATER the columns of said newspaper and was
COUNTY OF WASHINGTON
• STATE OF MINNESOTA printed and published therein on the
MI CK OF PUBLIC HEARING ON THE ADOPTION OF A SPENDING
following date(s):
PLAN FOR TAX DICREMENT FINANCING DISTRICT 1
NOTICE IS HEREBY GIVEN that the City Council(the"Council")of the
City of Stillwater,Minnesota,will hold a public hearing on Tuesday, 4th of February 2011
February 15,2011 at approximately 7:00 p.m.,at the Stiliwator.Clty Hatt
in the City of Stillwater,Minnesota,relating to the proposed adoption of a Newspaper Ref./Ad#103539$
spending plan for Tax Increment Financing District No.1,all pursuant to
and in accordance with Minnesota Statutes,Sections 469.174 to
489.1799,inclusive,as amended(the"Act").Copies of the Spending Plan �
for Tax Increment Financing District No 1 as proposed to be adopted will n , "`°"+L-( � �'�t—(
be on file and available for public inspection at the office of the City
Administrator-Treasurer at City Hall located at 216 Fourth St N,Stillwater,
MN 55082.
All interested persons may appear at the hearing and present their view Subscribed and sworn to before me this
orally or in writing.
4th 4 day of February 2011
Diane Ward,
City Clerk .-/Ui _i.1L}`lea A Woo'1 atiJre y.•-th
Mark Berriman
Publish: pnbitio59 I1'J r r me r r n,F• o n� 1
(Feb.4,2011)City of Stillwater,Spending Plan
NOTARY PUBLIC
Washington County,Minnesota
My commission expires January 31,2016
�tus„ MARK E.B RRtMA
EN
eh NOTARY PUBLIC•V±`' MINNESOTA
!• ;
+,,. My Commission Expires Jan.31,2018
r