ADVERTISEMENT

NOTICE OF PUBLIC HEARING ON THE PROPOSAL TO MODIFY THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF WORTHINGTON, MINNESOTA Notice is hereby given that the City Council (the “Council”) of the City of Worthington, Minnesota, will hold a public hearing on July 13, 2020, at a meeting of the Council beginning at approximately 7:00 p.

NOTICE OF PUBLIC HEARING ON THE PROPOSAL TO MODIFY THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE
CITY OF WORTHINGTON, MINNESOTA
Notice is hereby given that the City Council (the “Council”) of the City of Worthington, Minnesota, will hold a public hearing on July 13, 2020, at a meeting of the Council beginning at approximately 7:00 p.m., at Worthington City Hall in the City of Worthington, Minnesota, relating to the question of the modification by the City of its economic development authority (the “EDA”) pursuant to Minnesota Statutes, Sections 469.090 through 469.1082.
Following the public hearing the Council will consider an amended and restated enabling resolution (the “Enabling Resolution”) which would modify the EDA. The Enabling Resolution, a copy which is on file and available for inspection in the City offices, would authorize the EDA to exercise all powers granted to such authorities pursuant to the above-mentioned statutes with the exception of sale of bonds or obligations or approval of a tax increment financing district and would designate that the EDA would be governed by a seven-member Board of Commissioners, five of whom would be the members of the City Council, one of whom would be the Mayor of the City of Worthington, and one of whom would be a representative of the City of Worthington Water and Light Commission.
All interested persons may appear at the July 13, 2020 public hearing and present their views orally or in writing.
(July 1 and 8, 2020)