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CITY OF LITTLE CANADA <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION 2025-9-143 <br />RESOLUTION APPROVING THE DECERTIFICATION OF TIF DISTRICT NO. 5-1 <br />IN THE CITY OF LITTLE CANADA <br />WHEREAS, on October 10, 2007, the City of Little Canada (the "City") and the Economic <br />Development Authority for the City created Tax Increment Financing District No. 5-1 (the <br />"District") within Redevelopment Project Area No. 5 (the "Project"); and <br />WHEREAS, as of the date hereof all loans and obligations to which the District have been <br />pledged, have been paid in full, defeased, or the District has sufficient funds on hand to pay future <br />obligations, and all other costs of the Project have been paid; and <br />WHEREAS, the City desires by this resolution to cause the decertification of the District after <br />which all property taxes generated by property within the District will be distributed in the same <br />manner as all other property taxes. <br />NOW THEREFORE, BE IT RESOLVED by the City that the City's staff shall take such action as is <br />necessary to cause the County Auditor of Ramsey County to decertify the District as a tax <br />increment district effective for Taxes Payable in 2026. <br />DATED: September 10, 2025 <br />Thomas Fischer, Mayor <br />ATTEST: <br />Heidi Heller, City Clerk