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LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY <br />RESOLUTION NO. 04-04 <br />TERMINATING TAX INCREMENT FINANCING (REDEVELOPMENT) <br />DISTRICT NO. 1-8 AND DIRECTING DECERTIFICATION THEREOF BY <br />THE COUNTY AUDITOR <br />WHEREAS, by adoption of a resolution April 28, 1997, the Economic Development <br />Authority of the City of Lino Lakes, Minnesota (the "Authority") has heretofore created Tax <br />Increment Financing (Redevelopment) District No. 1-8 (the "District"), located within Y <br />Development t r, . , , and has approved a Tax Increment Financing Plan (the "TIF Plan"), <br />as amended, for the District to provide assistance to the Fairview Healthcare Clinic project; and <br />WHEREAS, the County Auditor of Anoka County has certified the original net tax <br />capacity and the original local tax rate of the District pursuant to the provisions of Minnesota <br />Statutes, Section 469.177; and <br />WHEREAS, as of the date hereof, all of the projects have been completed, all obligations <br />to which tax increment from the District has been pledged have been paid in full or defeased, and <br />the Authority has determined that it is in the best interests of the City to terminate and decertify <br />the District. <br />NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of <br />the City of Lino Lakes, Minnesota that (i) the District is hereby terminated and (ii) the Clerk - <br />Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka <br />County so that the District may be decertified on the books and records of the County Auditor <br />with no further tax increment from the District being remitted to the City. <br />Adopted: December 20, 2004. <br />ATTEST. <br />Exec ive Director <br />