HomeMy WebLinkAbout2011.07.18 RESO 2011-18RESOLUTION 2011-18
A RESOLUTION AUTHORIZING REMOVAL AND DECERTIFICATION OF
CERTAIN PARCELS FROM THE CITY'S TIF DISTRICT NO. 1-1
It is hereby resolved by the City Council (the "Council") of the City of Hugo, Minnesota
(the "City") as follows:
1. Recitals.
(a) The City has previously established its Tax Increment Financing District
No. 1-1 ("TIF District No. 1-1").
(b) The City proposes to eliminate forty (40) tax parcels as identified on the
attached Exhibit from TIF District No. 1-1.
(c) The City has determined that the current net tax capacity of the Parcels
proposed to be eliminated from TIF District No. 1-1 ($673,723) equals or exceeds the net
tax capacity of the Parcels as originally certified ($86,710) in the original net tax capacity
of TIF District No. 1-1; therefore, the City has been advised that the Parcels may be
removed from TIF District No. 1-1, pursuant to Minnesota Statutes, Section 469.175
Subd 4(e), by action of the City without the need for public hearing and other notice and
processing which would otherwise apply to substantial amendments to tax increment
financing districts.
2. Decertification and Removal of Parcels. The Council hereby approves and directs
that the Parcels be removed and decertified from TIF District No. 1-1. Staff of the City is
directed (a) to request in writing the Washington County Auditor to decertify said Parcels from
TIF District No. 1-1 in accordance with the provisions of this Resolution and (b) to provide the
County Auditor with a certified copy hereof.
Adopted on July 18, 2011 by the Hugo City Council.
Attest:
Michele Lindau, City Clerk
r
Exhibit to Resolution 2011-18
Parcels to Eliminate from
TIF District Nn_ 1-1
GEOCODE
2_903121220010
PRIMARY OWNER
KR Lindstrom LLC
LNet
Is
Tax Capacity
Pay 2011
11,784
$
Net Tax Capacity
Base
_ 251
2903121220011
Hugo American Legion Post 620
$
15,096
$
1,620
2903121220013
Schwieters Properties
$
38,094
$
900
2903121220018
Schwieters Properties
$
24
$
105
2903121220019.
Schwieters Properties
$
36,450
$
450
2903121220020 ;Schwieters Properties
$36,450
$
^_ _ 3,571
_
2903121220021 1 North Coup Auto Body Inc
$
_16,730
$
1,439
2903121230_039
4L LLC
$
_ 77,878
$
_ _ 300
290312123_0041
_
Schwieters Properties
$
32,806
$
6,068
2903121320031
3003121140_003
Seisin LLC$
Como Lube & Supplies Inc _
$
29,118
26,586
$
$
4,360
165
3003121140005
Prts Common Element
$
-
$
-
3003121140006
730-0-3 1**2i *140007
Northrop Development LLC
Frozen Pond LLC
$
$
16,688
16,486
$
$
1,754
1,538
3003121410016
Nordling Prop LLC
$
11,548
$
276
3003121410056
_
TDS Dev LLC
$
_ _
22,668
_ $
108
_
3003121410057
R A Pearson & Assoc LL_ C
$
45,016
$
4,286
3003121410058
Frederic J III Suess
$
12,274
$
5,330
3003121410059
NJB Properties LLC
$
13,842
$
1,139
3003121410060
Jeffrey & Jane Olson
$
7,778
$
- 5,094
3003121410061
B_encor Properties LLC_
$
_
7,026
$
3,086
3003121410062 North Star Prof Prop LLC
$
5,918
$
11
3003121410063
Loreen R Pehl _ - $_
_ 5,918
$
_ 11
3003121410064
Epworth Enterprises LLC
; $
3,980
$
8
3003121410065
Pederson Johnson Holdings LL_ C
$
3,980
$
8
3003121410066
3003121410067_
_
1 L'Allier Concrete Inc
I Theodore G Glasrud
$
$
3,980
3,980
$
$
_ _ 8
8
30031214100_68
KTR Supply LLC
$
3,980
$
8
3003121440008
Hugo Bldg Co LLC;
$
10,488
$
2,842
3003121440010 YStephen & Sharon Wiegele
300312_1440011 Joseph Altstatt LLC _
3003121440014 Joseph W Michalski
i$
1$
:$
_ _ 4,476
12,156
13,616
$
$
$
335
2,482
----
308
3003121440016
Canniff Inc
$
_ - - 20,084
$
8,4_32
30031_21440017
_
Inter -Plant Sales Inc
$
6,638
$
2,666
30031214_40018
_
Central Bank
$
_
! - 2,734
$
396
3003121440019
Charles Lowell
$
1,797
$
275
3103121110002
Wilson Tool International Inc
:$
_
61,794
$
342
3_103121110003
Wilson Tool International Inc
$
_
2,190
$
_ _
124
3103121110005 , Wilson Tool International Inc
$
_
10,676
$
5,216
3103121110017 Wilson Tool International Inc
$
$
20,996
673,7231$
$
21,390
86,710
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