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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 6341 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING THE ELIMINATION OF PARCELS FROM TAX <br />INCREMENT FINANCING DISTRICT NO. 2 WITHIN THE MOUNDS VIEW <br />ECONOMIC DEVELOPMENT PROJECT, IN THE CITY OF MOUNDS VIEW. <br /> <br />WHEREAS, on June 29, 1988, the City of Mounds View created its Tax Increment <br />Financing (TIF) District No.2; and <br /> <br />WHEREAS, TIF District No.2 included parcels listed on Attachment A, which were <br />previously certified in TIF District No.2; and <br /> <br />WHEREAS, the City desires by this resolution to cause the elimination of the parcels <br />listed on Attachment A within TIF District NO.2 thereby reducing the size of TIF District No.2; and <br /> <br />WHEREAS, since the current net tax capacity of the parcels to be eliminated from TIF <br />District No. 2 exceeds the net tax capacity of the parcels in TIF District No. 2's original net tax <br />capacity, the holding of a public hearing is not required pursuant to Minnesota Statutes, Section <br />469.175, Subd. 4: <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View <br />that the parcels listed on Attachment A are hereby eliminated from TIF District No.2 and the <br />City's staff shall take such action as is necessary to notify the County Auditor of the reduction in <br />the geographic area of TIF District NO.2 caused by the elimination of such parcels. <br /> <br />Adopted this 13th day of September 2004. <br /> <br />ATTEST: <br /> <br /> <br />(SEAL) <br /> <br />!&t. 6. t.tJ <br /> <br />Kurt Ulrich, City Administrator <br />