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Last modified
7/17/2007 9:29:34 AM
Creation date
1/10/2006 3:17:23 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
12/19/2006
Resolution #
10367
Resolution Title
RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTY FOR PUBLIC USE BY RIGHT OF EMINENT DOMAIN
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<br />Exhibit 17 A-D. Revenue has also been projected for the duration of the Subdistrict and <br />is shown on Exhibit 17 A-C. <br /> <br />N. Subdistrict. The Subdistrict is, pursuant to Minnesota Statutes, Section <br />469.174, Subdivision 23, a hazardous substance subdistrict. <br /> <br />O. Duration of Subdistrict. The duration of the Subdistrict is the lesser of <br />twenty-five (25) years from receipt of the first tax increment or the period necessary to <br />recover the costs of removal actions or remedial actions as specified in the <br />development response action plan. The date of receipt of the first tax increment is <br />estimated to be July, 2006. <br /> <br />P. EstimFlt8d ImpFlct on Other TFlxing ,JIJrisdir.tions. The estimated impact on <br />other taxing jurisdictions is reflected on Exhibit 17 A-E. Attached as Exhibit 17 A-F is the <br />"but for" analysis. <br /> <br />Q. ModifiC:Fltion of Hazardous SubstFlnce Subdistrir.t FInd/or Tax Increment <br />Financing Plan. As of June 20, 2005 no modifications to the Subdistrict or the TIF Plan <br />therefor have been made, said date being the date of initial approval and adoption <br />thereof by the City. <br /> <br />G:\WPDATA\R\ROSEVILLE\16\TIF\TIF PLAN 17A.DOC <br /> <br />3 <br />
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