HomeMy WebLinkAbout2022-169 (Decertifying Tax Increment Financing District No. 8)City of Stillwater
Washington County, Minnesota
RESOLUTION 2022-169
A RESOLUTION DECERTIFYING TAX INCREMENT FINANCING DISTRICT NO. 8
WHEREAS, the City of Stillwater, Minnesota (the" City") has heretofore created Tax
Increment Financing District No. 8 (the "TIF District"); and
WHEREAS, the City proposes to decertify the TIF District.
NOW, THEREFORE, be it resolved that the City Council of the City of Stillwater does
hereby authorize as follows:
1. The City Council hereby finds, declares and determines to decertify the TIF
District, effective as of the date of this resolution.
2. The City Clerk is hereby directed to send a copy of this resolution to the County
Auditor of Washington County and the Office of the State Auditor and to take
all other steps, if any, which are necessary to decertify the TIF District.
3. All unspent tax increments collected from the TIF District remaining after the
payment of all obligations and administrative expenses of the TIF District shall
be returned to the County Auditor of Washington County for distribution to the
affected tax jurisdictions in accordance with Minnesota Statutes, Section
469.176, subdivision 2.
Adopted by the Stillwater City Council this 20th day of December, 2022.
ATTE T:
Beth Wolf, City Clerk
CITY OF S ILLWATER
t:71-
Ted Kozlowski, Mayor