96-016 RES RESOLUTION 96- 10
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ELK RIVER
A RESOLUTION TERMINATING TAX INCREMENT
FINANCING DISTRICT NO. 12
The City Council of the City of Elk River (the City) acting pursuant to its
authority under the Minnesota Tax Increment Financing Act hereby finds,
determines, and resolves as follows:
WHEREAS, the City created Tax Increment Financing District No. 12
(TIF No. 12) in June, 1995; and,
WHEREAS, TIF No. 12 was never certified to the County and no
development project ever took place; and,
WHEREAS, TIF No. 12 never generated any debt and never generated
any revenues.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River as follows:
1. That TIF No. 12 shall be terminated effective April 8, 1996.
2. That the City Council of the City of Elk River hereby directs staff to
take those steps necessary to terminate TIF No. 12.
Passed and adopted by the City Council of the City of Elk River this 8th day
of April, 1996.
y/I-ie~y A. Duitsman, Mayor
ATTEST:
Sandra A Thackeray,