HomeMy WebLinkAboutResolution 21-09 Amending the 2021 City Tax Increment Financing (TIF) PolicyCITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
February 10, 2021
OMPARM
A RESOLUTION APPROVING AN AMENDMENT TO THE 2021 CITY OF FALCON
HEIGHTS TAX INCREMENT FINANCE (TIF) POLICY
WHEREAS, City Staff regularly reviews the policies of the City of Falcon Heights and updates policies
and procedures so that they are consistent with current practice; and
WHEREAS, the proposed amendment is consistent with other, current, policies, and are comparable to
other cities; and
WHEREAS, the amendment removes confusion and conflict with other policies and fees; and
WHEREAS, the amendment creates a more consistent process for policy updates; and
WHEREAS, the recommended changes found to be necessary and are described on the attached 2021
Tax Increment Financing Policy labeled as "Exhibit A".
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Falcon Heights, Minnesota
approves the amendment to the Tax Increment Finance (TIF) Policy. This resolution shall take effect
upon its passage.
Moved by: W e h l- Approved b
Randall C.. stafsorr
Mayor
GUSTAFSON 5 In Favor Attested by:4 e3w
MIAZGA Sack 'l"hongv h
ANDREWS 0 Against City Administrator
LEEHY
WEHYEE