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2010-75 CITY OF CHANHASSEN COUNTIES OF CARVER AND HENNEPIN STATE OF MINNESOTA DATE: September 13, 2010 RESOLUTION NO: 2010 -75 MOTION BY: Litsey SECONDED BY: McDonald 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 NO. 4 AND A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 5-1. BE IT RESOLVED by the City Council (the "Council ") for the City of Chanhassen, Minnesota (the "City "), as follows Section 1. Public Hearing. This Council shall meet on October 25, 2010, 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 4 (a redevelopment district), and a Modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 5 -1 (a housing district), referred to collectively herein as the "Modifications ", all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 to 469.1082, 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 Modifications. City staff is authorized and directed to work with Ehlers & Associates, Inc , to prepare the Modifications and to forward documents to the appropriate taxing jurisdictions including Carver County and Independent School District No. 112. The City Manager is authorized and directed to cause notice of the hearing, together with an appropnate 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 October 25, 2010, and to place a copy of the Modifications on file in the City Manager's office at City Hall and to make such copy available for inspection by the public. Dated: September 13, 2010 Adopted: I 8 Thomas A. Furlong, Mayor ATTES Tod. Gerhardt, City Manager