Details for Public Notice CITY OF LIT

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Public Notice CITY OF LITTLEFORK COUNTY OF KOOCHICHING STATE OF MINNESOTA NOTICE OF PUBLIC HEARING on APPROVAL OF PROPERTY TAX ABATEMENT NOTICE IS HEREBY GIVEN that the City Council of the Littlefork, Minnesota, will hold a public hearing on August 8, 2016 at 7:00 p.m., at the Littlefork Community Building in the City of Littlefork, Minnesota, relating to the use of property tax abatement to finance up to $510,000 in costs associated with the sale of the City's healthcare facilities, pursuant to Minnesota Statutes, Section 469.1812 to 469.1815, inclusive, as amended. The City intends to issue up to $510,000 in General Obligation Tax Abatement Bonds to finance said improvements. Tax abatements of up to $50,000 annually will be collected for a period of fifteen (15) years, commencing with taxes payable 2017. All taxable parcels in the City, except any included in Tax Increment Financing Districts, are included in the abatement. Copies of the Abatement Resolution as proposed to be adopted will be on file and available for public inspection at the office of the City Administrator/Clerk-Treasurer at City Hall. All interested persons may appear at the hearings and present their view orally or in writing. Dated July 21, 2016 BY ORDER OF THE CITY COUNCIL /s/ Sonja Pelland Administrator/Clerk-Treasurer The Journal July 27th, 2016

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