2001-105 Council Resolution - Laserfiche WebLink

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Councilmember Dahl introduced the following resolution and moved its adoption: LINO LAKES CITY COUNCIL RESOLUTION NO. 01-105 RESOLUTION ADOPTING TAX ABATEMENT POLICY WHEREAS, Minnesota Statutes, Sections 469.1812 through 469.1815 (the "Statutes") allows the governing body of a political subdivision to grant an abatement of the taxes imposed by the political subdivision on a parcel of property; and WHEREAS, The City Council of the City of Lino Lakes (the "City") has determined that it is appropriate to consider tax abatement when it is in the public interest because it will 1) increase or preserve the tax base: 2) provide employment opportunities in the political subdivision; 3) provide or help acquire or construct public facilities: 4) help redevelop or renew blighted areas: or 5) help provide access to services for residents of the political subdivision, pursuant to the Statutes. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, Minnesota, that the Tax Abatement Policy, contained in Exhibit A of this resolution, is hereby approved, ratified, established, and adopted and shall be placed on file at the City Hall. Dated: July 23, 2001 Ma or ATTEST: Cle-Tr;asurer The motion for the adoption of the foregoing resolution was duly seconded . y member O'Donnell and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Carlson, Dahl, Reinert and O'Donnell and the following voted against same: None. Whereupon said resolution was declared duly passed and adopted.