HomeMy WebLinkAboutResolution No. 02-01 EDALINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO.02-01
RESOLUTION APPROVING THE ELIMINATION OF A
PARCEL FROM TAX INCREMENT FINANCING DISTRICT
NO. 1-9 WITHIN DEVELOPMENT DISTRICT NO. 1 OF THE
CITY OF LINO LAKES.
WHEREAS, on December 14, 1998 the Lino Lakes Economic Development
Authority (The "Authority") created its Tax Increment Financing District No. 1-9
("District No. 1-9"), County Number R-2, within its Development District No. 1; and
WHEREAS, District No. 1-9, was created as an Economic Development District
according to M.S. 469.174, subd.12; and
WHEREAS, District 1-9 included the parcel listed in Attachment A which was
previously certified in District 1-9; and
WHEREAS, the adjusted original tax capacity for taxes payable 2002 is
$2024.00; and
WHEREAS, the current tax capacity for taxes payable in 2002 is $2206.00; and
WHEREAS, because the current tax capacity is greater than the adjusted original
tax capacity; a public hearing is not required by Minnesota Statutes, Section 469.175,
subd. 4; ,and
WHEREAS, The Authority desires by this resolution to cause the elimination of
the parcel from the District, thereby reducing the size of the District.
NOW THEREFORE, BE IT RESOLVED by the Economic Development
Authority of the City of Lino Lakes that the parcel is hereby eliminated from District No.
1-9 and the City's staff shall take such action as is necessary to notify the County Auditor
of the reduction in the geographic area of District No. 1-9 caused by the elimination of
such parcel.
DATED: Arr., , 2002
ATTEST:
�.l.✓ sem&
Ex cutive Director
President
EDA Resolution No. 02-01
Commissioner O'Donnell introduced EDA Resolution No. 02-01 and moved its adoption.
The motion for adoption of the foregoing resolution was duly seconded by
Commissioner Dahl and upon vote being taken thereon, the following voted in favor thereof:
Reinert, Dahl, Bergeson, Carlson and O'Donnell.
The following voted against same:
None.
Whereupon said EDA Resolution was declared passed and adopted.
CERTIFICATION OF EDA RESOLUTION NO. 02-01
STATE OF MINNESOTA )
COUNTY OF ANOKA )
CITY OF LINO LAKES )
I, the undersigned, being the duly qualified Deputy City Clerk of the City of Lino Lakes,
Minnesota, do hereby certify that the attached document is a true copy of EDA Resolution No.
02-01 with the original thereof on file in the City Clerk's office, and the same is a full, true and
complete copy insofar as the same relates to:
EDA RESOLUTION NO. 02-01 APPROVING THE ELIMINATION OF A PARCEL
FROM TAX INCREMENT FINANCING DISTRICT NO. 1-9 WITHIN DEVELOPMENT
DISTRICT NO. 1 OF THE CITY OF LINO LAKES.
Witness my hand as said City Clerk and the Corporate Seal of the City this 10th day of April,
2002.
Ann J. Blair,
City Clerk
Lino Lakes
(SEAL)
ATTACHMENT A
Parcel to be removed from Tax Increment Financing District No. 1-9
17-31-22-32-0005
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