City of Rockford
CITY OF ROCKFORD
NOTICE OF PUBLIC HEARING
ON TAX ABATEMENT AND ISSUANCE OF BONDS
NOTICE IS HEREBY GIVEN that the City Council of the City of Rockford, Minnesota (the City) will meet at or after 7:00 p.m. on Tuesday, February 4, 2014 at City Hall, 6031 Main Street, to conduct a public hearing to consider granting a property tax abatement (the Abatement) under Minnesota Statutes, Sections 469.1812 through 469.1816, as amended, to finance the costs of acquiring and improving the Rockford Mall facility in the City, a portion of which will be used as rental space for local activities and events (the Project), which improvements will benefit certain property in the City (the Property). The Property is described as follows:
Parcel Identification Numbers:
113037001010, 113042001020, 113042001030, 113040001010,
113040001021, 113040001020, 113040001040, 113040001051
The total amount of the proposed Abatement is estimated to be not more than $1,950,000, collected over a period of up to 20 years. The City proposes to issue taxable General Obligation Tax Abatement Bonds in an amount not to exceed $1,950,000 to finance the Project.
Any person wishing to express an opinion on the matters to be considered at the public hearing will be heard orally or in writing.
CITY OF ROCKFORD,
/s/ Nancy Carswell
1/16/14, 3SCT, PHN Tax
Abatement and Bonds, 161075