HomeMy WebLinkAbout2022-052 'It
-ARISEN HILLS
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 2022-052
RESOLUTION DECERTIFYING TAX INCREMENT FINANCING
RENEWAL AND RENOVATION DISTRICT NO. 1-4, PRESBYTERIAN
HOMES
WHEREAS, in 2010, the City of Arden Hills (the "City") established its Tax Increment
Financing Renewal and Renovation District No. 1-4, Presbyterian Homes (the"District'); and
WHEREAS, Minnesota Statutes, Section 469.174 to 469.179 (the "TIF Act') authorizes
the City Council to decertify a tax increment financing district when the term of the district expires
or once the obligations of the district have been paid in full; and
WHEREAS,the City desires by this resolution to decertify the District effective December
31, 2022, by which taxing jurisdictions will benefit from an increased tax base effective for taxes
payable in 2023; and
WHEREAS,the City Council acknowledges such action will be taken by Ramsey County
to decertify the District as a tax increment district and will not remit tax increment from the District
to the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden
Hills, Minnesota, that the Finance Director is authorized and directed to provide Ramsey County
with documents related to decertification of the District,to submit the Confirmation of Decertified
TIF District form to the Office of the State Auditor and take any other steps required for
decertification by December 31, 2022.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS
28th DAY OF NOVEMBER,2022.
David Grant, Mayor
ATTEST:
c
Ju ie anson, City Clerk
To view the final document, access adopted Resolutions via Arden Hills Public Laserfiche Weblink by visiting
cityofardenhills.org and clicking on Archived Documents under Helpful Links on our main webpage.