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'It <br /> -ARISEN HILLS <br /> CITY OF ARDEN HILLS <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. 2022-052 <br /> RESOLUTION DECERTIFYING TAX INCREMENT FINANCING <br /> RENEWAL AND RENOVATION DISTRICT NO. 1-4, PRESBYTERIAN <br /> HOMES <br /> WHEREAS, in 2010, the City of Arden Hills (the "City") established its Tax Increment <br /> Financing Renewal and Renovation District No. 1-4, Presbyterian Homes (the"District'); and <br /> WHEREAS, Minnesota Statutes, Section 469.174 to 469.179 (the "TIF Act') authorizes <br /> the City Council to decertify a tax increment financing district when the term of the district expires <br /> or once the obligations of the district have been paid in full; and <br /> WHEREAS,the City desires by this resolution to decertify the District effective December <br /> 31, 2022, by which taxing jurisdictions will benefit from an increased tax base effective for taxes <br /> payable in 2023; and <br /> WHEREAS,the City Council acknowledges such action will be taken by Ramsey County <br /> to decertify the District as a tax increment district and will not remit tax increment from the District <br /> to the City. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden <br /> Hills, Minnesota, that the Finance Director is authorized and directed to provide Ramsey County <br /> with documents related to decertification of the District,to submit the Confirmation of Decertified <br /> TIF District form to the Office of the State Auditor and take any other steps required for <br /> decertification by December 31, 2022. <br /> ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS <br /> 28th DAY OF NOVEMBER,2022. <br /> David Grant, Mayor <br /> ATTEST: <br /> c <br /> Ju ie anson, City Clerk <br /> To view the final document, access adopted Resolutions via Arden Hills Public Laserfiche Weblink by visiting <br /> cityofardenhills.org and clicking on Archived Documents under Helpful Links on our main webpage. <br />