HomeMy WebLinkAboutRES 82-033 RESOLUTION REQUESTING THE COUNTY AUDITOR TO CERTIFY THE ORIGINAL ASSESED VALUE OF THE REAL PROPERTY WITHIN THE BOUNDARY OF THE KENZIE TERRACE TAX INCREMENT FINANCING ECONOMIC DEVELOPMENT DISTRICT Meeting Sheet
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Box: 23
Folder: RES 1982
Document: RES 82-033 RESOLUTION REQUESTING THE COUNTY
AUDITOR TO CERTIFY THE ORIGINAL ASSESED VALUE OF THE REAL
PROPERTY WITHIN THE BOUNDARY OF THE KENZIE TERRACE TAX
INCREMENT FINANCING ECONOMIC DEVELOPMENT DISTRICT
RESOLUTION 82-033
A RESOLUTION REQUESTING THE 'COUNTY AUDITOR TO CERTIFY THE ORIGINAL
ASSESSED VALUE OF THE REAL PROPERTY WITHIN THE BOUNDARY OF THE KENZIE
TERRACE TAX INCREMENT FINANCING ECONOMIC DEVELOPMENT DISTRICT
WHEREAS, the City Council of the City of St. Anthony has determined
that itis necessary and desirable and in the public interest to
establish , designate , develop , and administer a tax increment financ-
ing economic development district pursuant to the provisions of
Minnesota Statutes 273 . 71 . to. 273 ..78 inclusive ;
NOW, THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ST. ANTHONY, MINNESOTA, that the Hennepin' County Auditor is hereby
requested to certify the assessed value of all real property within
the boundaries of the tax increment economic development district
as described herein as of the date of the last equalized assessment
and each year hereafter, to certify the amount by which the assessed
value has increased or decreased from the original assessed value and
also, to certify the proportion which any increase or decrease bears
to the total assessed to the total assessed value for the real
property in said tax increment financing district for that year, and
also, to remit to the City of St. Anthony each year hereafter, the
proportion of all taxes paid that year on real property in the
district which the captured assessed value- bears to the total current
assessed value , all pursuant to Minnesota Statutes 273. 76 , Subd. 1
and 2 (Chapter 322 , Laws of Minnesota, 1979) .
Adopted this age day of ��,�,n& 1982 .
Mayor
ATTEST: �s
City Clerk
Reviewed for administration:
City Manager
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