HomeMy WebLinkAboutRES 2007-20 FINDING MODIFICATION NO.4 TO THE DEVELOPMENT DISTRICT PROGRAM FOR MUNICIPAL DEVELOPMENT DISTRICT NO.1 AND MODIFICATION NO.4 TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO.1 CONSISTENT WITH THE PLANS FOR DEVELOPMENT CITY OF CORCORAN
PLANNING COMMISSION
RESOLUTION NO.2007-?�
Motion By; Laddusaw
Seconded By: Osterberg
RESOLUTION FINDING MODIFICATION NO. 4 TO THE DEVELOPMENT DISTRICT
PROGRAM FOR MUNICIPAL DEVELOPMENT DISTRICT NO. 1
AND MODIFICATION NO. 4 TO THE TAX INCREMENT FINANCING PLAN
FOR TAX INCREMENT FINANCING DISTRICT NO. 1
CONSISTENT WITH THE PLANS FOR DEVELOPMENT
OF THE CITY OF CORCORAN
WHEREAS, the City Council of the City of Corcoran has authorized preparation of a
modified Development Program for Development District No. 1 and a modified Tax Increment
Financing Plan("TIF Plan") for Tax Increment Financing District No. 1 ("TIF DistricY')within that
Development District, and the modified Development Program and TIF Plan have been submitted
to the Planning Commission for comment; and
WHEREAS, the Planning Commission has reviewed the modified Development Program
and TIF Plan and have compared them with the plans for development of the City as a whole.
NOW, THEREFORE, BE IT RESOLVED By the Planning Commission of the City of
Corcoran, Minnesota as follows:
1. The modified Program for Development District No. 1 and the modified TIF Plan for the
TIF District are found to be consistent with the City comprehensive plan.
2. It is recommended that the City Council of the City of Corcoran hold the public hearing
required by law and adopt the modified Program and the proposed TIF Plan.
Approved this 5�'day of April, 2007,by the Planning Commission of the City of Corcoran,
Minnesota.
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