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No. 96-08
CITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
Date: July 10, 1996
RESOLUTION DECERTIFYING TAX INCREMENT
ECONOMIC DISTRICT 1-3
WHEREAS, as stated in M.S. 469.176, subd. 1 b, for districts approved
before May, 1993, no increment shall be paid to the authority after eight years
from the date of the receipt, or ten years from approval of the tax increment
financing plan, whichever is less, for an economic development district;
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WHEREAS, the City of Falcon Heights Resolution R-85-38 dated July 24,
1985 adopted the tax increment financing plan for economic district 1-3;
NOW THEREFORE, BE IT RESOLVED, per state statute and Ramsey
County, that tax increment economic district 1-3 be decertified for taxes
payable in 1996 and beyond.
Moved by: Hustad
GEHRZ 3 In Favor
GIBBON TALBOT (absent)
HUSTAD 0 Against
JACOBS .(absent)
KUETTEL
Approved by: ~..~-~M ~
Mayor
July 10, 1996
Date
Attested by: ~_~.,Q(~ t_.G(J~1~7~
City Clerk
July 10, 1996
Date
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