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CITY OF LITTLE CANADA <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 2025-8-126 <br /> A RESOLUTION APPROVING THE DECERTIFICATION OF <br />TIF DISTRICT NO. 7-2 OF THE CITY OF LITTLE CANADA <br /> <br /> <br />WHEREAS, on November 28, 2018, the City of Little Canada (the "City") and the Economic Development <br />Authority for the City created Tax Increment Financing District No. 7-2 (the "District") within Redevelopment <br />Project Area No. 1 (the "Project"); and <br /> <br />WHEREAS, as of the date hereof all loans and obligations to which the District have been pledged, have been <br />paid in full, defeased, or the District has sufficient funds on hand to pay future obligations, and all other costs <br />of the Project have been paid; and <br /> <br />WHEREAS, the City desires by this resolution to cause the decertification of the District after which all <br />property taxes generated by property within the District will be distributed in the same manner as all other <br />property taxes. <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City that the City's staff shall take such action as is necessary <br />to cause the County Auditor of Ramsey County to decertify the District as a tax increment district effective for <br />taxes payable in 2025. <br /> <br /> <br />Adopted by the Little Canada City Council this 13th day of August, 2025 . <br /> <br /> ___________________________ <br /> Thomas Fischer, Mayor <br /> <br /> <br />Attest: <br /> <br /> <br />___________________________________ <br />Heidi Heller, City Clerk <br />