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CITY OF LITTLE CANADA <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br /> <br />Council member introduced the following resolution and moved its adoption: <br /> <br /> <br />RESOLUTION NO. 2017-9-XXX <br /> <br />BEING A RESOLUTION APPROVING THE DECERTIFICATION OF TIF DISTRICT NO. 3-2 <br />OF THE CITY OF LITTLE CANADA <br /> <br /> <br />WHEREAS, on November 8, 1995, the City of Little Canada (the "City") and the Economic Development Authority <br />for the City created Tax Increment Financing District No. 3-2 (the "District") within Redevelopment Project Area No. <br />1 (the "Project"); and <br /> <br />WHEREAS, as of the date hereof all bonds and obligations to which the District have been pledged, have been paid <br />in full, defeased, or the District has sufficient funds on hand to pay future obligations, and all other costs of the Project <br />have been paid; and <br /> <br />WHEREAS, the City desires by this resolution to cause the decertification of the District after which all property taxes <br />generated by property within the District will be distributed in the same manner as all other property taxes. <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City that the City's staff shall take such action as is necessary to cause <br />the County Auditor of Ramsey County to decertify the District as a tax increment district effective for Taxes Payable <br />in 2018. <br /> <br /> <br />DATED: September 27, 2017 <br /> <br /> <br /> John T. Keis, Mayor <br /> <br />ATTEST: <br /> <br /> <br /> <br /> Joel Hanson, City Administrator <br /> <br /> <br /> <br /> <br />(Seal)