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<br />revenues generated from the Tax Increment Financing District. By <br />this action the City will be exempt from any regular Local <br />Government Aid/Homestead and Agricultural Credit Aid penalty <br />provisions otherwise applicable pursuant to Minnesota Statutes, <br />Section 273.1399, Subdivision 6(d) in relation to the Tax <br />Increment Financing District. <br /> <br />The maximum local contribution for all tax increment <br />districts in the City is limited to 2% of city net tax capacity <br />as defined in Minnesota Statutes, Section 477A.011, Subdivision <br />20. <br /> <br />FURTHERMORE, BE IT RESOLVED that the City Manager is hereby <br />directed to file a copy of this resolution with the Minnesota <br />Department of Revenue and his or her office. <br /> <br />Passed and Adopted this 11th day of December, 1995, by the <br />Roseville City Council. <br /> <br />c~~~ <br /> <br />307670.1 <br /> <br />2 <br />