HomeMy WebLinkAboutRES 85-017 RESOLUTION REQUESTING THE COUNTY AUDITOR TO CERTIFY THE ORIGINAL ASSESSED VALUE OF THE REAL PROPERTY WITHIN THE BOUNDARY OF THE OLD HIGHWAY EIGHT REDEVELOPMENT TAX INCREMENT FINANCING HOUSING/REDEVELOPMENT DISTRICT Meeting Sheet
IIIIII VIII VIII VIII ILII VIII IIII IIII
102437
Box: 23
Folder: RES 1985
Document: RES 85-017 RESOLUTION REQUESTING THE COUNTY
AUDITOR TO CERTIFY THE ORIGINAL ASSESSED VALUE OF THE REAL
PROPERTY WITHIN THE BOUNDARY OF THE OLD HIGHWAY EIGHT
REDEVELOPMENT TAX INCREMENT FINANCING
HOUSING/REDEVELOPMENT DISTRICT
RESOLUTION 85-017
A RESOLUTION REQUESTING THE COUNTY AUDITOR TO CERTIFY THE ORIGINAL ASSESSED
VALUE OF THE REAL. PROPERTY WITHIN THE BOUNDARY OF THE OLD HIGHWAY EIGHT RE-
DEVELOPMENT TAX INCREMENT FINANCING HOUSING/REDEVELOPMENT DISTRICT
WHEREAS, the City Council of the City of St. Anthony has determined that it
is necessary and desirable and in the public interest to establish, designate,
develop, and administer a tax increment financing housing and/or redevelopment
district pursuant to the provisions of Minnesota Statutes Section 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 housing and/or redevelopment 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 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 day of I-UCL-1- ! 1985.
May6r
ATTEST: &44z'
City Clerk
Reviewed for administration:
City Manager