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11-28-2012 Council Agenda
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11-28-2012 Council Agenda
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11/27/2012 8:34:43 AM
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CITY OF LITTLE CANADA <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />BEING A RESOLUTION APPROVING THE DECERTIFICATION OF <br />TAX INCREMENT FINANCING DISTRICT NO. 2 -2 OF THE CITY OF <br />LITTLE CANADA <br />WHEREAS, on August 13, 2003, the City of Little Canada (the "City") created its Tax Increment <br />Financing District No. 2 -2 ( "District No. 2 -2 ") within its Development District No. 2 (the "Project "); and <br />WHEREAS, as of the date hereof all bonds and obligations to which tax increment from District <br />No. 2 -2 have been pledged have been paid in full or defeased; and <br />WHEREAS, the City desires by this resolution to cause the decertification of District No. 2 -2 <br />after which all property taxes generated by property within the District will be distributed in the same <br />manner as all other property taxes beginning January I, 2013. <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Little Canada that <br />the City's staff shall take such action as is necessary to cause the County Auditor of Ramey County to <br />decertify District No.2 -2 as a tax increment district and to no longer remit tax increment from the District <br />to the City. <br />DATED: November 28`x', 2012 <br />ATTEST: <br />City Administrator <br />(Seal) <br />2 <br />Mayor <br />
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