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91-009 l". . " . . . <1' , RESOLUTION NO. 9-91 A RESOLUTION CALLING PUBLIC HEARING ON THE PROPOSED APPROVAL AND ADOPTION OF A MODIFIED TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO.1 LOCATED WITHIN DEVELOPMENT DISTRICT NO.1 BE IT RESOLVED by the City Council of the City of Shorewood, Minnesota, as follows: 1. Public Hearing. This Council shall meet on Monday, February 11, 1991, at approximately 8: 30 p. m. to hold a public hearing on the proposed modification of the tax increment financing plan for T ax Increment Financing District No.1, located within Development District No. 1 and the approval and adoption of the modified tax increment financing plan for said Tax Increment Financing District No.1, pursuant to and in accordance with Minn. Stat. Section 469.175, Subd. 4, as amended. 2. Notice of Hearinq; Filinq of Modification. The City Clerk is authorized and directed to cause notice of the hearing, substantially in the form attached hereto as Exhibit A, to be given as required by law, to place a copy of the proposed modification of the tax increment financing plan for Tax Increment Financing District No. 1 on file in the Clerk's office at City Hall and to make such copy available for inspection by the public. ADOPTED BY THE CITY COUNCIL OF THE 28th day of Jan uary, 1991. CITY OF SHOREWOOD this ~~~ .;:;;;e. T EST;? ., r/( ??. I (t, /) -i!~J ~t.(~, ' P Bradley . Nielsen Acting ity Administrator/Clerk Roll Call Vote: Ayes - Nays - . . . -# NOTICE OF PUBLIC HEARING CITY OF SHOREWOOD COUNTY OF HENNEPIN STATE OF MINNESOTA NOTICE IS HEREB Y GIVEN that the City Council of the City of Shorewood, County of Hennepin, State of Minnesota, will hold a public hearing on Monday, February 11, 1991, at approximately 8: 30 p. m., at Minnewashta Elementary School, 26350 Smithtown Road, Shorewood, Minnesota, relating to the proposed approval and adoption of a modified tax increment financing plan for Tax Increment Financing District No. 1 (the "District"), located within Development District No.1, pursuant to 14innesota Statutes, Section 469. 175, subd. 4, as amended. A copy of the proposed modification of the tax increment financing plan for the District is on file and available for public inspection at the office of the Acting City Administrator/Clerk at City Hall. A map of the area of the District, from which increments may be collected, and of Development District No.1, in which increments may be expended, accompanies this Notice as Exhibit 1. All interested persons may appear at the hearing and present their view orally or in writing. Dated: January 30, 1991 BY ORDER OF THE CITY COUNCIL Bradley J. Nielsen Acting City Administrator/Clerk EXHIBIT A I DEEPHAVEN . !~ EXHIBIT r _J ~rl'k ( '\ \~. tI . u_.. _..~-: ..-..-..- I CHRISTMAS LAKE I .1 I I i . . -, / .. " \ Exhibit 1. (cont.) The properly included in Development District No. 1 is legally d~scribed as follows: ---- . '--, ~-~----.:..~~.:.:: That part of Section 25 and 36, Township li7, Range 23, (platted and unplatted) in the city of Shore~ood, Hennepin County, Minnesota lying within and bounded by the following described line: commencing at the intersection of the east line of said Section 25.and the centerline of state Trunk Highway No.7; thence south along the ease ~ ine of said Section 25 and Section 36 (said line also beinq the centerline of Vine Hill Road and the easterly boundary of Shorewood) to the southwesterly right of way lir.e of Covington Road extended: t~ence northwesterly along said southwesterly right of way line extended and said southweste~ly right of way line to the south right of way line of said Highway No.7; thence westerly and southwesterly along said south right of way line of Highway No. 7 and the southeasterly right of way line of Radisson Road to the sout~easterly extension of the southwesterly line of Lot 24, Radisson Inn Addition, according to the record plat thereof; t~ence northwesterly along said southwesterly line and its extensions to the north right of way line of said Highway No.7; thence northeasterly along said north right of way line to the east line of the west half of the southeast quarter of sa id Section 25 and the Shore~'lOod- Deephaven boundary line; thence southerly along said boundary line to the centerline of :;;ald State Trunk Highway Ho. 7 i thence northeasterly along said centerline to the point of beginning. The property included in Tax Increment Financing District No.1 is legally describ~d as follows: That part of the Southwest Quarter of the Southeast Quarter, Section 25, Township 117, Range 23, lying South of a line extending from a point on the West line of said SoUth'fl'~st Quarter of the Southeast Quarter, distant 591.42 feet North from the Southwest corner of said Southwest Quarter of the Southeast Quarter to a point on the East line of said Southwest Quarter of the Southeast Quarter, distant 1236.14 feet North from th~ Southeast corner of said SOuthwest Quarter of the Southeast Quarter, according the the Government survey thereof."