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5.3. SR 04-08-1996ITEM 5~3. ity of River FROM: DATE: SUBJECT: MEMORANDUM Mayor and City Council Pat Klaers, City Administ~t~r.~ April 8, 1996 Consider Resolution Terminating Tax Increment Financing District No. 12 Please see the attached material that was provided to the EDA for its April 8, 1996, meeting. It is anticipated that the EDA will recommend that the Council adopt the attached resolution terminating TIF District No. 12. Action Requested The City Council is asked to approve the attached resolution terminating Tax Increment Financing District No. 12. s:\council\tif12ter.doc 13065 Orono Parkway ° P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425