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1997 Resolutions
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<br />. .. <br /> <br />CITY OF CENTERVILLE <br />STATE OF MINNESOTA <br />RESOLUTION 97-12 <br /> <br />RESOLUTION REMOVING CERTAIN PARCELS FROM <br />TAX INCREMENT FINANCING DISTRICT NO. 1-4 <br /> <br />BE IT RESOLVED BY the City Council ("Council") of the City of Centerville, <br />Minnesota (the "City") as follows: <br /> <br />Section 1. Recitals <br /> <br />1.01. The City has heretofore approved the establishment of Tax Increment Financing <br />District No. 1-4 (the "TIF District") within Development District NO.1 (''Project''), and has <br />adopted a tax increment financing plan ("TIF Plan") for the purpose of financing certain <br />improvements within the Project, all in accordance with Minnesota Statutes, Section 469.174 to <br />469.176 (the ''TIF Act"). <br /> <br />1.02 Under Section 469.175, subd. 4, the City may modify the TIF Plan without the <br />notice, public hearing and findings required for approval of the initial plan if the only modification <br />is elimination of parcels from the TIF District and the current tax capacity of the parcels <br />eliminated exceeds the net tax capacity of those parcels in the district's original net tax capacity. <br /> <br />1.03. The City has determined a need to eliminate the parcels described in Exhibit A <br />attached hereto from the TIF District, and has found that the current net tax capacity of those <br />parcels exceeds their original net tax capacity. <br /> <br />Section 2. Parcels Eliminated: Other Proceedings. <br /> <br />2.01. The parcels listed in Exhibit A are hereby eliminated from TIF District No. 1-4 and <br />TIF Plan for that district is modified to reflect that change. <br /> <br />2.02. City staff are directed to attach a copy of this resolution to the TIF Plan for the TIF District <br />maintained in City Files, and to file a copy with the County Auditor and the State Commissioner <br />of Revenue, in accordance with the TIF Act. <br /> <br />Adopted this 25 day of June, 1997. <br /> <br />. .... ~2'" <br />/' -' ...,....~... ....~......-- t .- <br /> <br />/./ /')" ,... l,<'. 1 <br /> <br />"- .,.........." ~ <br /> <br /> <br />Tom Wilharber, Mayor <br /> <br />'----- <br /> <br />1!itT: IJrumtad <br />('ALl <br />Ry- el Gaustad, City Clerk <br />
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