96-074 RESCITY OF ELK RIVER
COUNTY OF SHERBURNE
STATE OF MINNESOTA
RESOLUTION 96-
BEII~,'£'~ A i~2fi;::~OLUTION APPROViNG 'FHE DECERTIFICATION OF
TAX INCREMENT FINANCING DISTRICT NO. 13 IN THE CITY OF
ELK RIOTER.
WHEREAS, in 1995, the City of E].~.~ River ("the city") created its Tax
Increment Financing District No. 13 ("the district") within its Development
District No. 1; and
V~IF, REAS, the city desires by this resolution to cause the
decertification of the district after which all property taxes generated by
property within the district will be distributed in the same manner as all
other property taxes.
NOW THEREFORE, BE IT RESOLVED by the City Council of the
City of Elk River that the city's staff shall take such action as is necessary to
cause the County Auditor of Sherburne County to decertify the district as a
tax increment district and to no longer remit tax increment from the district
to the city.
DATED:
September 9, 1996
Duitsman, Mayor
ATTEST:
Patrick D. Klaers, City Administrator
s:\document\resoluti\decert 13.doc