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RESOLUTION 6970 <br />• <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />AUTHORIZATION OF PAYMENT OF SECOND HALF 2006 PROPERTY TAXES DUE <br />FOR 2390 COUNTY ROAD 10 AND APPROVAL OF AMENDMENTS TO THE TAX <br />INCREMENT FINANCING DISTRICT #1 2006 BUDGET <br />WHEREAS, the Mounds View Economic Development Authority acquired the <br />property located at 2390 County Road 10 in June of 2006; and,. <br />WHEREAS, the Mounds View City Council approved an amendment on August <br />14, 2006 to Tax Increment Financing District #1 2006 Budget to account for the property <br />acquisition and subsequently authorized demolition of said property; and, <br />WHEREAS, also on August 14, 2006, the Mounds View EDA authorized the <br />expenditure of TIF funds for a market analysis and planning study on the subject <br />property not to exceed $14,000; and, <br />WHEREAS, on November 14, 2006, a check was delivered to Ramsey County in <br />the amount of $9,589 to cover the second half 2006 property taxes due. <br />WHEREAS, City Council passed Resolution 6688 on December 12, 2005 <br />adopting a budget for all funds for the year 2006. <br />NOW THEREFORE, BE IT RESOLVED, that the City Council authorizes <br />payment, of the second half 2006 property taxes due for the EDA-owned property <br />located at 2390 County Road 10. <br />NOW THEREFORE, BE fT FURTHER RESOLVED, that the City Council <br />authorizes and approves an amendment~to the 2006 TIF #1 Budget (Account # 410- <br />4650-5220-007) in the total amount of $23,589 to account for the property taxes paid <br />($9,589) and the authorized market analysis and planning study ($14,000). <br />Adopted this 27th day of November 2006. <br />ATTEST: <br />• <br />(SEAL) <br />r ~~ <br />Rob arty, Mayor <br />\~ <br />Kurt Ulrich, City Administrator <br />