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• <br />WHEREAS, the Parcel to be eliminated does not yet have an original net tax <br />capacity, so at the time the TIF District is filed for certification, the boundaries of the <br />district will exclude the Parcel; and <br />WHEREAS, the Authority has determined to modify the Plan, prior to filing for <br />certification, in order to eliminate the Parcel; and <br />WHEREAS, elimination of the Parcel does not affect or impair the findings made <br />by the City Council, upon approval of the Plan, that the TIF District is a redevelopment <br />district under the TIF Act; and <br />WHEREAS, the Authority has approved the modified Plan and recommended <br />approval by this Council. <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Lino <br />Lakes as follows: <br />1. The administrative modification to the Plan, eliminating the Parcel, is hereby <br />approved in substantially the form on file in City Hall. <br />2. The Community Development Director is authorized to forward a copy of the <br />modified Plan to the Department of Revenue pursuant to Minnesota Statutes <br />469.175, subd.4a. <br />3. The City Clerk is authorized and directed to forward a copy of the Plan to <br />Anoka County and request that the Auditor certify the original tax capacity of <br />the TIF District, as modified, all in accordance with Minnesota Statutes <br />469.177. <br />DATED: December 20, 2004 <br />ATTEST: <br />City Clerk <br />SJB- 240584v1 <br />LN 140 -80 <br />May <br />-43- <br />