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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www. cilittle-canaria. mn. u s <br />MEMORANDUM <br />TO: Mayor Blesener & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: November 24, 2014 <br />RE: Decertify Parcel from TIF District 6-1 <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Ricl< Montour <br />John Reis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />When TIF District 6-1 was created, it initially consisted of only the 2966 Arcade Parcel. The access to <br />this parcel went between the Paddock and McCumber properties. As you may recall, Masterpiece <br />Homes, Inc. agreed to sell the access area and a small strip on the east side of the McCumber property to <br />the McCumbers. (See map attached.) This transaction occurred outside of the City's involvement. <br />The transaction was completed last year. However, the McCumbers are now receiving two tax <br />statements. They are unable to combine the piece they acquired from Masterpiece Homes with their <br />existing property because the new piece is part of TIF District 6-1. To resolve this problem, I contacted <br />Ramsey County and they said we need to pass a resolution removing it from the District. This can be <br />done if the new value associated with the parcel is higher than its base value. (The County informed me <br />this is the case.) <br />Removing this parcel from the TIF District does not pose any material issues for the district because no <br />structures exist on this land. As a result, staff recommends we adopt the attached resolution removing it <br />from TIF 6-1 and then filing it with the appropriate agencies. <br />