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Last modified
7/17/2007 9:21:58 AM
Creation date
4/25/2005 12:28:59 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8077
Resolution Title
Establishing Tax Increment Financing Districts Nos. 6, 7 and 8 and Approving the Tax Increment Financing Plans Relating Thereto and Approving the Modification of the Development Program Relating to Development District No. 1
Resolution Date Passed
1/12/1987
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<br />certify in each year thereafter the amount by which the original <br />assessed value has increased or decreased in accordance with <br />the Act; and the City Manager is authorized and directed <br />to forthwith transmit this request to the County Auditor <br />in such form and content as the Auditor may specify, together <br />with a list of all properties within Tax Increment Financing <br />Districts Nos. 6, 7 and 8 for which building permits have <br />been issued during the 18 months immediately preceding the <br />adoption of this resolution. <br /> <br />9. There is hereby created a special account designated <br />"Tax Increment District No. 6 Tax Increment Account" to be <br />held by the City Treasurer separate and apart from all other <br />accounts of the City. There shall be credited into this <br />account all tax increments received with respect to Tax Increment <br />District No. 6 to be used in accordance with the Tax Increment <br />Financing Act, the modified Development Program and the Tax <br />Increment Financing Plan adopted for Tax Increment District <br />No.6. <br /> <br />10. There is hereby created a special account designated <br />"Tax Increment District No. 7 Tax Increment Account" to be <br />held by the City Treasurer separate and apart from all other <br />accounts of the City. There shall be credited into this <br />account all tax increments received with respect to Tax Increment <br />District No. 7 to be used in accordance with the Tax Increment <br />Financing Act, the modified Development Program and the Tax <br />Increment Financing Plan adopted for Tax Increment District <br />No.7. <br /> <br />11. There is hereby created a special account designated <br />"Tax Increment District No.8 Tax Increment Account" to be <br />held by the City Treasurer separate and apart from all other <br />accounts of the City. There shall be credited into this <br />account all tax increments received with respect to Tax Increment <br />District No. 8 to be used in accordance with the Tax Increment <br />Financing Act, the modified Development Program and the Tax <br />Increment Financing Plan adopted for Tax Increment District <br />No.8. <br /> <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by Councilmember Johnson <br />and upon vote being taken thereof, the following voted in <br />favor thereof; <br />Johnson, Cushman, Kehr, Matson, and Wiski, <br /> <br />and the following voted against the same: <br /> <br />'Jonc. <br /> <br />Whereupon said resulution 'das declared duly passed c1nd <br />ado p t e cl c1 n d '.v.l S S i q n .=; d by the 1'1 c1 yo r ,l n d ,H t est, 'cl 1) Y the C i t Y <br />~1Clnager . <br /> <br />-f)- <br />
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