RES 96-5 ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
411 COUNTY OF SHERBURNE
STATE OF MINNESOTA
RESOLUTION 96-5
BEING A RESOLUTION APPROVING THE DECERTIFICATION OF
TAX INCREMENT FINANCING DISTRICT NO. 13 IN THE CITY OF
ELK RIVER.
WHEREAS, in 1995, the Elk River Economic Development Authority
("the authority") created its Tax Increment Financing District No. 13 ("the
district") within its Development District No. 1; and
WHEREAS, the authority 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 board of
commissioners of the Elk River Economic Development Authority that the
authority's staff shall take such action as is necessary to cause the County
IDAuditor of Sherburne County to decertify the district as a tax increment
district and to no longer remit tax increment from the district to the
authority.
DATED: September 9, 1996
cAdur
effre'1 i,ngoll, P -s dent
ATT ' 111"
11
Paul T. Steinman, Executive Director
s:\eda\document\resoluti\desert 13.doc
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