Resolutions-2017-022

DocuSign Envelope ID: 10774661- AC75- 4B6B- 9F9D- 4718D318DB46 Tiffin/ 436989- 16/ Set Date New UR Area RESOLUTION NO. 2017- 022 Resolution Setting Date for a Public Hearing on Designation of the 2017 Park Place Commercial Urban Renewal Area and on Urban Renewal Plan and Project WHEREAS, a proposal has been made which shows the desirability of designating certain real property situated in and near the City of Tiffin, Iowa ( the " City") as the 2017 Park Place Commercial Urban Renewal Area ( the " Urban Renewal Area") for the facilitation of projects to promote economic development, pursuant to the provisions of Chapter 403, Code of Iowa; and WHEREAS, under the proposal, the real property ( the " Property") described on Exhibit A hereto would be designated as the Urban Renewal Area; and WHEREAS, this City Council is desirous of obtaining as much information as possible from the residents of the City before making this designation; and WHEREAS, a proposed urban renewal plan ( the " Plan") has been prepared for the governance of projects and initiatives to be undertaken in the proposed Urban Renewal Area and which authorizes a certain initial urban renewal project to be undertaken therein consisting of providing tax increment financing support to a private developer in connection with the development of commercial real estate and the corresponding construction of improvements to Park Road, Oakdale Boulevard and Forevergreen Road necessary for such commercial development; and WHEREAS, a portion of the Property meets the definition of " agricultural land" under Section 403. 17 of the Code of Iowa and pursuant to said law, a consent agreement( the " Ag Land Consent") has been prepared for execution by the owners ( the " Ag Land Owners") of the Property; and WHEREAS, it is now necessary that a date be set for a public hearing on the designation of the Urban Renewal Area and on the Plan; 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 City Hall Council Chambers, Tiffin, Iowa, on May 2, 2017, at seven o' clock p. m., at which time and place it will hold a public hearing on the designation of the proposed Urban Renewal Area described in the preamble hereof and on the proposed Plan for said Area. Section 2. The City Clerk shall publish notice of said hearing, the same being in the form attached to this resolution, which publication shall be made in a legal newspaper of general circulation in Tiffin, which publication shall be not less than four ( 4) and not more than twenty 20) days before the date set for the hearing. 2- DORSEY& WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA