TIF 3 Hearing and

CITY OF RUSH CITY NOTICE OF PUBLIC HEARING
CHISAGO COUNTY STATE OF MINNESOTA
NOTICE IS HEREBY GIVEN that the City Council of the City of Rush City, Chisago County, State of Minnesota, will hold a public hearing on August 11, 2014, at approximately 6:30 P.M. at the City Council Chambers in City Hall, 325 South Eliot Avenue, Rush City, Minnesota, relating to the Rush City Economic Development Authoritys (the EDA) proposed establishment of Redevelopment Project Area No. 1 and the proposed adoption of a Redevelopment Plan therefor (the Redevelopment Plan); the proposed establishment of Tax Increment Financing District No. 3 (a housing tax increment financing district) within Redevelopment Project Area No. 1, and the proposed adoption of a Tax Increment Financing Plan (the TIF Plan) therefor (collectively, the Plans), pursuant to Minnesota Statutes, Sections 469.090 to 469.1082, Sections 469.001 to 469.047, and Sections 469.174 to 469.1794, all inclusive, as amended. Copies of the Plans are on file and available for public inspection at the office of the City Administrator at City Hall.
The property to be included in Tax Increment Financing District No. 3 is located within Redevelopment Project Area No. 1 and the City of Rush City. A map of Redevelopment Project Area No. 1 and Tax Increment Financing District No. 3 therein is set forth below. Subject to certain limitations, tax increment from Tax Increment Financing District No. 3 may be spent on eligible uses within the boundaries of Redevelopment Project Area No. 1.

The boundaries of Redevelopment Project Area No. 1 are coterminous with the boundaries of Tax Increment Financing District No. 3
All interested persons may appear at the hearing and present their views orally or prior to the meeting in writing.
BY ORDER OF THE CITY COUNCIL OF THE CITY OF RUSH CITY, MINNESOTA
/s/ Amy Mell, City Administrator
Published in the ECM Post Review July 23, 2014 252598
Tax Increment Financing District No. 3

Comments Closed

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