Title
RESOLUTION ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 30 AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR
Body
City Proposal: BE IT RESOLVED by the City Council (the "Council") of the City of Duluth, Minnesota (the "City"), as follows:
Section 1. Recitals.
1.01. The Board of Commissioners of the Duluth Economic Development Authority ("DEDA") has heretofore established Development District No. 17 and adopted a Development Program therefor. It has been proposed by DEDA and the City that the City establish Tax Increment Financing District No. 30 (the "District") therein and adopt a Tax Increment Financing Plan (the "TIF Plan") therefor, said TIF Plan is attached hereto as Exhibit A; all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.090 to 469.1082 and Sections 469.174 to 469.1794, all inclusive, as amended, (the "Act") all as reflected in the TIF Plan, and presented for the Council's consideration.
1.02. DEDA and the City have investigated the facts relating to the TIF Plan and have caused the TIF Plan to be prepared.
1.03. DEDA and the City have performed all actions required by law to be performed prior to the establishment of the District and the adoption and approval of the proposed TIF Plan, including, but not limited to, notification of St. Louis County and Independent School District No. 709 having taxing jurisdiction over the property to be included in the District, a review of and written comment on the TIF Plan by the City Planning Commission, approval of the TIF Plan by DEDA on March 28, 2018, and the holding of a public hearing upon published notice as required by law.
1.04. Certain written reports (the ''Reports") relating to the TIF Plan and to the activities contemplated therein have heretofore been prepared by staff and consultants and submitted to the Council and/or made a part of the City files and proceedings on the TIF Plan. The Reports include data, informati...
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