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Member Kuether introduced the following resolution and moved its adoption• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 9 7 -13 6 <br />RESOLUTION REQUESTING ANOKA COUNTY TO <br />DECERTIFY TAX INCREMENT FINANCING DISTRICT NO. <br />1-1 <br />WHEREAS, the City Council of the City of Lino Lakes (the "City") established Tax <br />Increment Financing District No. 1-1 ("TIF District No. 1-1") on Janaury 26, 1987; and <br />WHEREAS, administrative responsibility for TIF District No. 1-1 was transferred in 1990 <br />from the City to the Lino Lakes Economic Development Authority (the "Authority"); and <br />WHEREAS, the plan for TIF District No. 1-1 was amended on December 18, 1995 and <br />October 13, 1997 to modify the budget; and <br />• <br />WHEREAS, the Authority has determined that the objectives for which TIF District No. <br />1-1 was established have been accomplished and has requested that the City join it in requesting <br />Anoka County to decertify TIF District No. 1-1. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City Lino Lakes, <br />Minnesota as follows: <br />The City joins with the Authority in requesting that Anoka County decertify TIF <br />District No. 1-1, effective December 31, 1997. <br />City staff are authorized and directed to transfer all funds from the TIF District <br />account prior to decertification oithe 11F District, in accordance with the <br />modified TIF plan. <br />City stall and consultants are authorized and directed to take anv and all other <br />;tees nCCCSSary or Cfect the purposes 01 this resolution. <br />• <br />