Resolution 06-02

This Resolution modifies and affirms the determination of the Common Council expressed in Resolution 05-22 to designate the property located on East Glen Magna Way, described as Parcel E, Phase I, of the Canada Farm PUD, as an "Economic Revitalization Area," approve a Statement of Benefits, and authorize a tax abatement for a period of ten (10) years for the project proposed by the petitioner, Rogers Property Management, LLP. The petitioner is seeking a tax abatement for construction of a medical outpatient treatment facility to be operated by Internal Medicine Associates, Inc. and known as IMA East. The Petitioner with the letter submitted to the Common Council on December 19, 2005. The public comment on this resolution will serve as the legally advertised public hearing required by the statue in order to receive public comment on the above actions.