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