HomeMy WebLinkAbout1997-137 Council ResolutionMember Bergeson
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 97-137
RESOLUTION REQUESTING ANOKA COUNTY TO
DECERTIFY TAX INCREMENT FINANCING DISTRICT NO.
1-2
WHEREAS, the City Council of the City of Lino Lakes (the "City") established Tax
Increment Financing District No. 1-2 ("TIF District No. 1-2") on December 27, 1988; and
WHEREAS, administrative responsibility for TIF District No. 1-2 was transferred in 1990
from the City to the Lino Lakes Economic Development Authority (the "Authority"); and
WHEREAS, the plan for TIF District No. 1-2 was amended on December 18, 1995 and
October 13, 1997 to modify the budget; and
WHEREAS, the Authority has determined that the objectives for which TIF District No.
1-2 was established have been accomplished and has requested that the City join it in requesting
Anoka County to decertify TIF District No. 1-2.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City Lino Lakes,
Minnesota as follows:
1. The City joins with the Authority in requesting that Anoka County decertify TIF
District No. 1-2, effective December 31, 1997.
2.
City staff are authorized and directed to transfer all funds from the TIF District
account prior to decertification of the TIF District, in accordance with the
modified TIF plan.
3. City staff and consultants are authorized and directed to take any and all other
steps necessary or convenient to effect the purposes of this resolution.
L.,
Resolution No. 97 - 137
Dated: October 13, 1997.
ATTEST:
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Malyn A r,1: erson, Clerk -Treasurer
L. Landers, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member Kuether
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Kuether,
Neal, Landers.
and the following voted against same: None, Council Member Lyden was absent.
Whereupon said resolution was declared duly passed and adopted.
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