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AGENDA ITEM 6 <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 1/24/00 <br />TOPIC: Resolution No. 00-02 requesting Anoka County to <br />decertify TIF District No. 1-4 <br />Vote Required: Simple majority <br />BACKGROUND: <br />The Lino Lakes EDA established this economic development TIF District in 1990 <br />to include the G.M. Development portion of the Apollo Business Park. Within the <br />original budget was TIF assistance to Emtech, the first new facility in the park. <br />The district was modified in 1995 to provide assistance to Blue Heron, and then <br />again in 1996 to remove undeveloped parcels from the district. According to <br />state statute, the district must now be decertified. Any unused increment will be <br />used for eligible District expenses, after which any excess increment will be <br />returned to Anoka County for redistribution. This resolution asks Anoka County <br />to decertify the district effective March 26, 2000. <br />OPTIONS: <br />1. Adopt Resolution No. 00-02 requesting Anoka County to decertify TIF District <br />No. 1-4 <br />2. Return to staff for further consideration. <br />RECOMMENDATION: <br />Option 1 <br />