HomeMy WebLinkAbout2011-040 Council ResolutionCouncil Member ROESER
moved its adoption:
introduced the following resolution and
CITY OF LINO LAKES
COUNTY OF ANOKA
RESOLUTION NO. 11.-40
RESOLUTION RELATED TO SPECIAL LEGISLATION FOR
TAX INCREMENT FINANCING IN CITY OF LINO LAKES
WHEREAS, the City of Lino Lakes (the "City ") has requested special
legislation that would allow the City to extend the duration of its Tax Increment
Financing District No. 1 -10 (the "TIF District "), which TIF District would otherwise
be required to be decertified at the end of 2013; and
WHEREAS, such legislation has been introduced in the House of
Representatives as HF No. 861, and in the Senate as SF No. 653 (referred to
as the "Special Legislation "); and
WHEREAS, the Special Legislation allows the City to extend the duration
of the TIF District through 2023, so long as the extended tax increments are
applied to pay debt service on bonds that were issued to finance public
improvements serving the development known as Legacy at Woods Edge, and
bonds issued to finance the interchange of Anoka County Highway 23 and
marked Interstate Highway 35W; and
WHEREAS, the undeveloped portions of the Legacy at Woods Edge
development have been tax forfeited, and the Special Legislation will help the
City in efforts to return that property to the tax rolls and create long -term future
tax base.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Lino Lakes as follows:
1. The City supports efforts to obtain approval of the Special
Legislation in the 2011 legislative session.
2. City staff is authorized and directed to provide copies of this
resolution to the County and any appropriate legislative bodies.
Approved this 2 , day of M to c .��20
Jeff R in , Mayor
•
ATTEST:
•
•
Ju ie artell, ity Clerk
Adopted by the Lino Lakes City Council this 28th day of March, 2011.
The motion for the adoption of the foregoing resolution was duly seconded by
Council Member n ' nnnnPl 1 and upon vote being taken thereon, the
following voted in favor thereof:
Roeser, O'Donnell, Rafferty, Reinert
The following voted against same:
none (Absent - Gallup)
Whereupon said resolution was declared duly passed and adopted.
AGENDA ITEM 6D
STAFF ORIGINATOR: Michael Grochala
CITY COUNCIL
DATE: March 28, 2011
TOPIC:
Consideration of Resolution No. 11 -39 Related to
Special Legislation for Tax Increment Financing in the
City of Lino Lakes
VOTE REQUIRED: 3/5
BACKGROUND:
In January staff presented information to the City Council regarding the potential
for the City to seek special legislation from the state legislature that would extend
the duration of Tax Increment Financing District No. 1 -10 through 2023 and
devote the tax increment to payment of debt service on the Legacy at Woods
Edge improvements and the 35W interchange. Staff requested permission from
the council to pursue this legislation. The council concurred that staff should
• proceed with pursuing this legislation.
Staff has since testified at public hearings at the State Legislature regarding our
bills, identified as House File No. 861 and Senate File No. 653. The legislation
was incorporated into the House of Representatives Property Tax Division
Report and has now been incorporated into the Omnibus Tax Bill.
Staff also attended the Anoka County Board meeting in March and the County
Board passed a Resolution stating it had no objections to the extension of the
TIF district. This Resolution was distributed to the Anoka County legislative
delegation.
•
This resolution takes formal action to show City support for the special
legislation.
RECOMMENDATION
Staff is recommending approval of Resolution No. 11 -39
ATTACHMENTS
Resolution No. 11 -39