HomeMy WebLinkAboutResolution No. 01-03 EDAMember Carlson introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 01-03
RESOLUTION APPROVING THE ELIMINATION OF PARCELS
FROM TAX INCREMENT FINANCING DISTRICT NO. 1-5
WITHIN DEVELOPMENT DISTRICT NO. 1 IN THE CITY OF
LINO LAKES
WHEREAS, on August 24, 1993, the Lino Lakes Economic Development Authority (the
"EDA") created its Tax Increment Financing District No. 1-5 ("District No. 1-5") (Anoka County
Number M6), within its Development District No. 1; and
WHEREAS, District No. 1-5 was created as a Housing Tax Increment Financing District
according to Minnesota Statutes, section 469.174, subd. 11; and
,•�, WHEREAS, the original net tax capacities of the properties within District No. 1-5 were
certified by Anoka County on August 25, 1994; and
WHEREAS, the EDA desires by this resolution to eliminate the parcels listed on
Attachment A within District No. 1-5, thereby reducing the size of District No. 1-5; and
WHEREAS, since the current net tax capacity of the parcels to be eliminated from District
No. 1-5 equals or exceeds the original net tax capacity of those parcels, the EDA may eliminate the
parcels by adopting this resolution and without holding a public hearing pursuant to Minnesota
Statutes, section 469.175, subd. 4.
NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development
authority as follows:
1. The parcels listed in Attachment A are hereby eliminated from District No. 1-5.
2. Staff will take such action as is necessary to notify the Anoka County Auditor of the reduction
in the geographic area of District No. 1-5.
3. Staff will return to Anoka County the increment associated with the parcels that have been
removed.
Dated:
t i¢cd - /7 , 2001.
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ATTEST:
Secretary
The motion for the adoption of the foregoing resolution was duly seconded by member
Dahl and upon vote being taken thereon, the following voted in favor thereof:
Carlson, Dahl, Bergeson, O'Donnell, Reinert
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.
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Attachment A
Parcel Numbers to Remove from
r"\ Tax Increment District No. 1-5 (M6)
n
PIN
KEY
PIN
KEY
R18-31-22-33-0049
01272964
R18-31-22-33-0054
01273017
R18-31-22-33-0050
01272973
R18-31-22-33-0055
01273026
R18-31-22-33-0051
01272982
R18-31-22-33-0056
01273035
R18-31-22-33-0052
01272991
R18-31-22-33-0057
01273044
R18-31-22-33-0053
01273008
R18-31-22-33-0058
01273053
1.5 parcel_elim.doc