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• <br />AGENDA ITEM 6E <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 1/24/00 <br />TOPIC: Resolution No. 2000 -11 requesting Anoka County to <br />decertify TIF District No. 1-4 <br />Vote Required: Simple majority <br />BACKGROUND: <br />The EDA earlier this evening adopted a resolution requesting that TIF District <br />No. 1-4 be decertified. This economic development district was established in <br />1990 to include the G.M. Development portion of the Apollo Business Park. <br />According to state statute, the district has run its maximum allowable length of <br />time and must now be decertified. Any unused increment will be used for eligible <br />• District expenses, after which any excess increment will be returned to Anoka <br />County for redistribution. This resolution notes that the city joins with the EDA in <br />asking Anoka County to decertify the district effective March 26, 2000. <br />OPTIONS: <br />1. Adopt Resolution No. 2000 -11 requesting Anoka County to decertify TIF <br />District No. 1-4 <br />2. Return to staff for further consideration. <br />RECOMMENDATION: <br />Option 1 <br />• <br />