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RESOLUTION NO. 2000-09 <br />MOUNDS VIEW <br />CHARTER COMMISSION <br />RESOLUTION RECOMMENDING CITY COUNCIL APPROVAL BY <br />ORDINANCE; AN ORDINANCE AMENDING Chapter 7 <br />OF THE MOUNDS VIEW CITY CHARTER. <br />The Mounds View Charter Commission acting under Minnesota Statutes 410.12 <br />Subdivision 7, hereby recommends amending the Charter of the City of Mounds View <br />under Chapter 7 Section 7.13 Subdivisions 1,2, & 3 and is amended by the addition of the <br />bold and underlined language to read as follows; <br />Section 7.13 Tax Increment Financing, Economic Subsidies & Tax Abatement <br />Subdivision 2. The City Council of the City of Mounds View, its Economic <br />any new tax abatements,if such approval would cause the aggregate amount of captured <br />net tax capacity for all Tax Increment Financing Districts located in the City of Mounds <br />View to exceed 10 percent of the total tax capacity of the city. <br />BE IT RESOLVED that the Charter Commission directs the commission's chairperson to <br />forward this resolution to the Clerk -Administrator for presentation to the City Council <br />under Minnesota Statutes 410.12 Subdivision 7. If the City Council does not adopt this <br />resolution by an unanimous vote of all its members the Charter Commission hereby <br />requests that the above amendment be placed on the ballot at the next general election in <br />November 2000, under Minnesota Statues 410.12 Subdivision 1, <br />Adopted this 31st day of May, 2000 <br />rission Chair <br />mmission Officer <br />Attest: <br />