|9/16/2021 11:17:00 AM|
CITY OF CHISAGO CITY -
Notice of Public Hearing
regarding the granting of
Tax Abatement Financial
Green Lake Villas, LLC
(September 16, 23, 2021)
Notice is hereby given that the City Council of the City of Chisago City, Minnesota (the “city”) will meet on September 28, 2021 at 6:34 p.m. or as soon as possible thereafter as the matter may be heard at the City Council Chambers, 10625 Railroad Avenue., Chisago City, Minnesota for the purpose of Green Lake Villas, LLC to receive tax abatement finance assistance in the amount not to exceed $120,000 or 5 year term whichever occurs first. The city’s portion is estimated over 5 years to be $135,000.
The abatement will be used for the cost of certain public infrastructure remaining to be paid for at the time of the request.
The abatement shall include properties located on or near Kenwood Way described as Block 1, Lots 1- 19; Block 2, Lots 1-4; Block 3, Lots 1 -12; and Outlots A, B, and C.
A draft copy of the proposed Tax Abatement Agreement including the property description along with all attachments and exhibits thereto, will be available for public inspection at City Hall.
All person interested may appear and be heard at the time and place set forth above.
By order of the City Council of the City of Chisago City.
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