Section 125.4719 - Development plan or tax increment financing plan; adoption of ordinance; notice of public hearing; purpose of public hearing(1) The governing body, before adoption of an ordinance approving a development plan or tax increment financing plan, shall hold a public hearing on the development plan. Notice of the time and place of the hearing shall be given by publication twice in a newspaper of general circulation designated by the municipality, the first of which shall be not less than 20 days before the date set for the hearing. Notice of the hearing shall be posted in at least 20 conspicuous and public places in the development area not less than 20 days before the hearing. Notice shall also be mailed to all property taxpayers of record in the development area and to the governing body of each taxing jurisdiction levying taxes that would be subject to capture if the tax increment financing plan is approved not less than 20 days before the hearing.(2) Notice of the time and place of hearing on a development plan shall contain all of the following:(a) A description of the proposed development area in relation to highways, streets, streams, or otherwise.(b) A statement that maps, plats, and a description of the development plan, including the method of relocating families and individuals who may be displaced from the area, are available for public inspection at a place designated in the notice.(c) A statement that all aspects of the development plan will be open for discussion at the public hearing.(d) Other information that the governing body considers appropriate.(3) At the time set for the hearing, the governing body shall provide an opportunity for interested persons to speak and shall receive and consider communications in writing. The hearing shall provide the fullest opportunity for expression of opinion, for argument on the merits, and for consideration of documentary evidence pertinent to the development plan. The governing body shall make and preserve a record of the public hearing, including all data presented at the hearing.Added by 2018, Act 57,s 7-18, eff. 1/1/2019.