HomeMy WebLinkAbout1996-184
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Council member Tho 1 e introduced the following Resolution, the reading of
which was dispensed with by unanimous consent, and moved its adoption:
CITY OF STILL WATER
COUNTY OF WASHINGTON
STATE OF MINNESOTA
RESOLUTION NO. 96- 184
A RESOLUTION DELETING PARCELS FROM
TAX INCREMENT FINANCING DISTRICT NO.1,
IN ORDER THAT THEY BE INCLUDED WITHIN TAX INCREMENT
FINANCING DISTRICT NO.7, ALL LOCATED WITHIN
DEVELOPMENT DISTRICT NO. 1
BE IT RESOLVED, that the City Council (the "Council ") of the City of Stillwater (the "City")
as follows:
Section 1. Recitals.
1.01. On June 18, 1996, the Council adopted a Resolution modifying the Modified Development
Program for Development District No. 1 to reflect an enlargement in the project area and increased costs,
pursuant to and in accordance with Minnesota Statutes ~469.124 through ~469.134, inclusive.
Section 2. Findings for the Modification of Tax Increment Financin~ District No. 1 by deleting
those parcels now included within Tax Increment Financin~ District No.7.
2.01. The Council hereby finds, determines and declares that the modification of Tax Increment
Financing District No.1, by deleting parcels now located within Tax Increment Financing District No.
7 is requ~red to further the development program and the financing plans for the respective financing
districts located within Development District No.1.
2.02. The Council finds that the current value of each of the parcels to be deleted from Tax
Increment Financing District No.1 and added to the Tax Increment Financing District No.7 is greater
than the original values and, therefore, a public hearing is not necessary with regard to this modification.
2.03. That the following parcels are deleted from Tax Increment Financing District No.1 for
the purpose of and to effectuate the certification of new Tax Increment Financing District No.7:
9028-0050, 10690.7100, 10693-2050, 10693-2100, 10693-2310
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The motion for adoption of the foregoing Resolution was duly seconded by Councilmember
Zo 11 e r , and upon vote being taken thereon, the following voted in
favor thereof: All
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