HomeMy WebLinkAbout7467 (Res.)
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RESOLUTION NO. 7467
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A RESOLUTION TO DESIGNATE AND ESTABLISH A
DEVELOPMENT DISTRICT PURSUANT TO THE PRO-
VlSION OF SECTION 472A.13 INCLUSIVE OF THE
MIN~E80TA STATUTES AND ADOPT A DEVELOP-
MEN ' DIlS'flUCT PLAN AND DEVELOPMENT PRO-
GRAM FOR SAID DEVELOPMENT D18TRICT.
WHEREAS, the City Council of the City of Stillwater, Minnesota. has
determined that it Is neCelllllll'Y and desirable and In the public Interest to
designate, establish, develop and administer a development district In the City of
Stmwater, Minnesota pursuant to the provisions of Section 472A.Ol to 472A.13 and
establish a tax Increment district plll'BUant to the provisions of Section 273.71-78,
Inclusive of the MInnesota Statutesl and
WHEREAS, the creation of the proposed district is necell8lll'Y and desirable
In order to provide employment opportunities, to increase tax base, and to improve
the general economy of the State of Minnesota; and
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WHEREAS, the proposed municipal development district Is intended to: (a)
provide employment opportunities; (1)) provide maximum opportunity consistent
with the needs of the City, for development by private enterprise; (c) provide for
the health and welfare of residents of the City; and (d) provide necessary public
improvements; and
WHEREAS, the Planning Commission of the City of Stillwater has been
consulted with regard to the proposed district; and
WHEREAS, a public hearing was held on May 7, 1985 at 7100 o'clock p.m.
before the City Council In the Council Chambel'll In the City Hall, In Stillwater,
MInnesota, notice of which has been published once In the official newspaper for
the City, not lellll than ten, nor more than thirty days prior to May 7, 1985;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF STD..LWATER, that the City Council of the City of Stillwater, does
hereby approve the designation and establishment of the Municlpal Development
District and adopts the development district plan and development program for
sald district.
Adopted by the City Council this 7th day of May, I 85.
Publish May 13. 1985
ATTEST:
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