HomeMy WebLinkAbout1997-138 Council ResolutionMember Kuether introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO.9 7 —J 38
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") established 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, administrative responsibility for TIF District No. 1-3 was transferred in 1990
by the City to the Lino Lakes Economic Development Authority (the "Authority"); and
WHEREAS, following establishment of TIF District No. 1-3, no development or
redevelopment occurred on the property; and
WHEREAS, Minnesota Statutes, section 469.176, subd. 1 a prohibits payment of tax
increment to an authority after three years from the date of certification of a tax increment district
unless within said three years, bonds are sold, property is acquired or public improvements are
constructed.
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. 1-3, effective immediately.
2. City staff and consultants are authorized and directed to take any other actions
necessary or convenient to comply with the intent of this resolution.
Resolution No. 97 - 138
Dated: October 13, 1997.
ATTEST:
Mari n M rson, ler-Treuurer
Mari n An rson, ler -Treasurer
ers, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member Bergeson
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.