Agenda Packets - 2003/04/28 - Laserfiche WebLink

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2. The City further agrees that where the original TIF plan contains a listing of specific properties for acquisition, and the City determines additional property or properties are to be acquired then the City of Mounds View will follow the procedures set forth in Minn. Stat. §469.175, subd. 4 for formal plan modification with public hearings for a “designation of additional property to be acquired by the City.” 3. Nothing in paragraphs 1 or 2 above is intended or shall be interpreted to impose on the City any obligations which exceed those requirements of the tax increment law which are at the time applicable. 4. The City of Mounds View will not approve, or request certification of, a new tax increment financing district or the addition of an area to an existing tax increment finance for a period of three months from the date of this Settlement Agreement. 5. Nothing in this Settlement Agreement shall be construed as an admission or acknowledgement on the part of the City of Mounds View that it has not substantially complied with the applicable requirements of the tax increment financing or any other law. IN WITNESS WHEREOF, the parties have caused this Settlement Agreement to be signed on the date(s) set forth below. Dated: ___________________________ Dated: __________________________ CITY OF MOUNDS VIEW CITY OF MOUNDS VIEW By: ___________________________ By :_________________________________ Its: Mayor Its: Interim City Clerk/Administrator Dated: __________________________ MIKE HATCH Attorney General State of Minnesota _____________________________________ CHRISTIE B. ELLER Assistant Attorney General Atty. Reg. No. 6658 525 Park Street, Suite 200 St. Paul, Minnesota 55103-2106 (651) 296-9421 (Voice) (651) 282-2525 (TTY) ATTORNEYS FOR STATE OF MINNESOTA AG: #824798-v1