CITY OF PELICAN RAPIDS

NOTICE OF PUBLIC HEARING REGARDING PROPOSED PROPERTY TAX ABATEMENTS FOR THE COMMUNITY CENTER IMPROVEMENT PROJECT

NOTICE IS HEREBY GIVEN that the City Council of the City of Pelican Rapids, Minnesota (the “City”), will meet on October 10, 2017, at or after 5:00 p.m., in the Council Chambers located at 315 North Broadway in the City, in part to hold a public hearing concerning the proposal that the City abate property taxes levied by the City on the following property identified as tax parcel identification numbers (the “Property”):

The total amount of the taxes proposed to be abated by the City on the Property for up to a 15 year period is estimated to be not more than $1,235,000.  The City Council will consider the property tax abatement to finance improvements for a Community Center to be located at 315 North Broadway in the City.

The City proposes to issue General Obligation Tax Abatement Bonds in the amount not to exceed $775,000 to finance the Community Center improvement project.

All interested persons may appear at the October 10, 2017 public hearing and present their views orally or in writing.

9-20-c