ISD #671 sets hearing
June 24
EXHIBIT A
NOTICE OF PUBLIC HEARING
TO CONSIDER GRANTING A PROPOSED PROPERTY TAX ABATEMENT
NOTICE IS HEREBY GIVEN that the School Board of Independent School District No. 671 (Hills-Beaver Creek), State of Minnesota (the "District") will hold a public hearing on June 24, 2024, in the Board Room, 301 N. Summit Avenue, Hills, MN 56138, commencing at 7:00 o'clock p.m., to consider granting an abatement of certain property taxes levied against net tax capacity imposed by the District (the "Proposed Property Tax Abatement") for taxes payable in 2025 through 2039 on the following property within the District boundaries (identified by property identification number):
PROPERTY ID NUMBERS
02-0182-100 08-0043-000 08-0176-100 11-0204-000
02-0196-000 08-0080-000 08-0253-000 11-0207-000
03-0148-000 08-0095-000 08-0276-000 11-0208-000
03-0194-000 08-0100-000 11-0192-100 11-0218-000
03-0195-000 08-0113-100 11-0196-100 11-0224-000
08-0007-000 08-0156-000 11-0201-100 11-0228-100
The purpose of granting the Proposed Property Tax Abatement is to provide funds to finance the construction of and improvements to parking lots at various sites in the District. The total estimated amount of the Proposed Property Tax Abatement by the District is $3,037,250 over fifteen (15) years, an amount estimated to be sufficient to pay the principal and interest on approximately $2,100,000 of bonds issued to finance the parking lot construction, reconstruction and improvements districtwide, and related financing costs.
All who wish to be heard as to the Proposed Property Tax Abatement will be given an opportunity to express their views at the time of the public hearing or may file written comments with the Superintendent prior to the public hearing.
May 29, 2024
/s/ Tamara Rauk Clerk of the School Board Independent School District No. 671
(Hills-Beaver Creek)
(06-06)
