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Resolution 05-EDA208A
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Resolution 05-EDA208A
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Last modified
8/10/2022 11:17:04 AM
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2/2/2007 9:21:30 AM
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<br />. <br /> <br />IVIO{T:\,DS VIEW ECONOl\lIC DEVELOI}'IENT AUTHORITY <br />CITY OF lVIOlTNDS VIEW <br />COV:\'TY OF RAl\lSEY <br />STATE OF JHNNESOTA <br /> <br />RESOLlTTIOl\ :\'0. 05-EDA-208A <br /> <br />RESOLUTION APPROVING TilE ELnUNATlOl\ OF PARCELS FRO;VI TAX <br />I1\TREMENT Fll\Al\CIl\G DISTRICT 1'\0. 3 LOCATED WITI-IIl\ THE ''[(HiNDS <br />VIEW ECOl\O'nC DEVELOPl\lEl\T PRO.JECT I~ THE CITY OF l\lOl:l\DS <br />VIEW. <br /> <br />WI IEREAS. on Fcbruary 22. 1988. the City of Mounds Vicw City Council (thc "City) cstablished <br />Ta" Increment Financing District No. 3 (the "TIF District") within its Mounds Vicw Economic <br />Development Project and <br /> <br />WHEREAS. the Mounds Vicw Economic Development Authority (thc "EDA") IS thc <br />administrative authority for the TIF District: and <br /> <br />WIIEREAS. the TIF District. in part. included the following parccl numbers. which wcrc <br />prcviously certi ried in the TI F District (the "Parccls"): <br /> <br />05-30-23-2 I -0005 <br />05-30-23-2 I -0006 <br /> <br />v <br /> <br />WHEREAS. the EDA desircs by this rcsolution to causc thc climination of the Parcels th)]TI thc <br />TIF District thereby rcducing the sizc of the TIF District: and <br /> <br />WHEREAS. becausc the total current nct tax capacity of the parcels to be eliminated from the <br />TIF District equals or excecds the net tax capacity of the parcels in the TIF District's original nct tax <br />capacity. thc holding of a public hearing is not rcquired pursuant to Minnesota Statutes. Section 469.175. <br />Subd. 4: <br /> <br />NOW THEREFORE. BE IT RESOLVED BY THE BOARD OF COMMISSIO~ERS OF TIlE <br />EDA as follows: <br /> <br />I. Thc tax incremcnt financing plan ("TIF Plan") for thc TIF District is hereby moditied to <br />rcmove the Parccls ii'om the TIF District. clJcctive for taxcs payable in 2006. <br /> <br />2. Upon approval of a similar resolution by the City. staff are authorizcd and directcd to <br />attach a copy of this resolution to the TlF Plan for the TIF District in City files. file a copy of this <br />resolution with Ramsey County along with instructions to adjust the records fix the TIF District <br />accordingly. and file a copy of the resolution with thc Minnesota Commissioncr of Revenue and Office of <br />the Statc Auditor. <br />
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