I-4 - Resolution 2024-039 - Set Public Hearing for Urban Renewal Amendment - 2017 Park Place URA

RESOLUTION NO. 2024-039 A Resolution Setting the Date of July 16, 2024, for a Public Hearing on the Urban Renewal Plan Amendment for the 2017 Park Place Commercial Urban Renewal Area WHEREAS, the City Council of the City of Tiffin, Iowa (the “City”) by resolution previously established the 2017 Park Place Commercial Urban Renewal Area (the “Urban Renewal Area”) and adopted an urban renewal plan (the “Plan”) for the governance of initiatives and projects therein; and WHEREAS, a proposal has been made which shows the desirability of expanding the Urban Renewal Area to add and include all the property (the “Property”) lying within the legal description set out in Exhibit A; and WHEREAS, this City Council is desirous of obtaining as much information as possible from the residents of the City before making this decision; and WHEREAS, an amendment (the “Amendment”) to the Plan has been prepared which (1) covers the addition of the Property to the Urban Renewal Area; and (2) authorizes the undertaking of a new urban renewal project in the Urban Renewal Area consisting of providing tax increment financing support to DERS Development, LLC in connection with the construction of a new mixed-use building including commercial/retail units on the first floor; and WHEREAS, it is now necessary that a date be set for a public hearing on the Amendment; NOW, THEREFORE, Be It Resolved by the City Council of the City of Tiffin, Iowa, as follows: Section 1. This City Council will meet at the ____________________________ in the City on July 16, 2024, at ___ : ____ p.m., at which time and place it will hold a public hearing on the proposed Amendment. Section 2. The City Clerk shall publish notice of said hearing, the same being in the form attached hereto, which publication shall be made in a legal newspaper of general circulation in the City, not less than four (4) and not more than twenty (20) days before the date set for hearing.