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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 6340 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING THE ELIMINATION OF A PARCEL FROM TAX <br />INCREMENT FINANCING DISTRICT NO. 1 WITHIN THE MOUNDS VIEW <br />ECONOMIC DEVELOPMENT PROJECT, IN THE CITY OF MOUNDS VIEW. <br /> <br />WHEREAS, on November 14, 1986, the City of Mounds View created its Tax Increment <br />Financing (TIF) District No.1; and <br /> <br />WHEREAS, TIF District No. 1 included the parcel at 2625 Highway 10 NE, with PIN <br />number 06.30.23.44.0051 , which was previously certified in TIF District No.1; and <br /> <br />WHEREAS, the City desires by this resolution to cause the elimination of the parcel with <br />PIN number 06.30.23.44.0051 within TIF District NO.1 thereby reducing the size of TIF District <br />No.1; and <br /> <br />WHEREAS, since the current net tax capacity of the parcel to be eliminated from TIF <br />District No. 1 exceeds the net tax capacity of the parcels in TIF District No. 1's original net tax <br />capacity, the holding of a public hearing is not required pursuant to Minnesota Statutes, Section <br />469.175, Subdivision. 4: <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View <br />that the parcel at 2625 Highway 10 NE, with PIN number 06.30.23.44.0051, is hereby eliminated <br />from TIF District No. 1 and the City's staff shall take such action as is necessary to notify the <br />County Auditor of the reduction in the geographic area of TIF District No. 1 caused by the <br />elimination of the parcel. <br /> <br />Adopted this 13th day of September 2004. <br /> <br />ATTEST: <br /> <br /> <br />(SEAL) <br /> <br />KU~.A~r~to~ Q <br />