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r~ <br />U <br />No. 96-08 <br />CITY OF FALCON HEIGHTS <br />COUNCIL RESOLUTION <br />Date: July 10, 1996 <br />RESOLUTION DECERTIFYING TAX INCREMENT <br />ECONOMIC DISTRICT 1-3 <br />WHEREAS, as stated in M.S. 469.176, subd. 1 b, for districts approved <br />before May, 1993, no increment shall be paid to the authority after eight years <br />from the date of the receipt, or ten years from approval of the tax increment <br />financing plan, whichever is less, for an economic development district; <br />L~ <br />WHEREAS, the City of Falcon Heights Resolution R-85-38 dated July 24, <br />1985 adopted the tax increment financing plan for economic district 1-3; <br />NOW THEREFORE, BE IT RESOLVED, per state statute and Ramsey <br />County, that tax increment economic district 1-3 be decertified for taxes <br />payable in 1996 and beyond. <br />Moved by: Hustad <br />GEHRZ 3 In Favor <br />GIBBON TALBOT (absent) <br />HUSTAD 0 Against <br />JACOBS .(absent) <br />KUETTEL <br />Approved by: ~..~-~M ~ <br />Mayor <br />July 10, 1996 <br />Date <br />Attested by: ~_~.,Q(~ t_.G(J~1~7~ <br />City Clerk <br />July 10, 1996 <br />Date <br />r~ <br />U <br />