HomeMy WebLinkAboutResolution No. 97-17 EDAMember K i i P +- h P r introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 9 7 -17
RESOLUTION REQUESTING ANOKA COUNTY TO
DECERTIFY TAX INCREMENT FINANCING DISTRICT NO.
1-3
WHEREAS, the City Council of the City of Lino Lakes (the "City") approved Tax
Increment Financing District No. 1-3 ("TIF District No. 1-3") on October 10, 1989 in order to
assist in the redevelopment of the site of the former Ross liquor store; and
WHEREAS, in 1990, administrative responsibility for TIF District No. 1-3 was transferred
by the City to the Lino Lakes Economic Development Authority (the "Authority"); and
WHEREAS, Minnesota Statutes, section 469.176, subd. 1 a specifies that no additional tax
increment may be paid to an authority from a tax increment district after three years from the
date of certification unless within said three years, land is purchased, bonds are sold or
improvements constructed; and
WHEREAS, within three years of the date of certification of TIF District No. 1-3, none
of these qualifying activities occurred.
NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development
Authority as follows:
1. The Authority requests the City to join with it in requesting that Anoka County
decertify TIF District No. 1-3, effective immediately.
2. Staff and consultants are hereby authorized and directed to take any additional
actions necessary or convenient to fulfill the purpose of this resolution.
RHB131370
LN140-1
.-� Dated: October 13, 1997.
Randall Schumacher, Executive Director
an• ers, Presi s ent
The motion for the adoption of the foregoing resolution was duly seconded by memberNeal
and upon vote being taken thereon, the following voted in favor thereof:
S. Kuether, A. Neal, J. Bergeson, J. Landers
and the following voted against same:
(Lyden absent)
Whereupon said resolution was declared duly passed and adopted.
RHB131370
LN140-1