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CITY OF LINO LAKES RESOLUTION NO. 04 -200 TERMINATING TAX INCREMENT FINANCING (REDEVELOPMENT) DISTRICT NO. 1 -8 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY AUDITOR WHEREAS, by adoption of a resolution April 28, 1997, the City Council of the City of Lino Lakes, Minnesota (the "Authority ") has heretofore approved Tax Increment Financing (Redevelopment) District No 1 -8 (the "District "), located within Ipelopmet Da zc No 1, and has approved a Tax Increment Financing Plan (the "TIF Plan"), as amended, for the District to provide assistance to the Fairview Healthcare Clinic project; and WHEREAS, the County Auditor of Anoka County has certified the original net tax capacity and the original local tax rate of the District pursuant to the provisions of Minnesota Statutes, Section 469.177; and WHEREAS, as of the date hereof, all of the projects have been completed, all obligations to which tax increment from the District has been pledged have been paid in full or defeased, and the Authority has determined that it is in the best interests of the City to terminate and decertify the District. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota that (i) the District is hereby terminated and (ii) the Clerk- Administrator shall provide a certified copy of this resolution to the County Auditor of Anoka County so that the District may be decertified on the books and records of the County Auditor with no further tax increment from the District being remitted to the City. Adopted: December 20, 2004. ATTE T City lerk