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RESOLUTION NO, 7513
A RESOLUTION REQUESTING THE COUNTY
AUDITOR TO CERTIFY THE ORIGINAL ASSESSED
VALUE OP THE REAL PROPERTY WITHIN THE
BOUNDAR.Y OP THE STILLWATER TAX INCREMENT
FINANCING REDEVELOPMENT DISTRICf
MODIFICATION.
WHEREAS, the City Councn of the City of Stillwater has determined that It
Is nec88llllrY and deslrable and In the pubUc Interest to modify the tax Increment
financing redevelopment dlstrlct pursuant to the provlslons of Minnesota Statutes.
Section 2'13.'11 to 2'13.'18 Incluslve;
NOW, THEREPORE, BE IT RESOLVED BY THE CITY COUNCfi.o OP THE
CITY OP STD..LWATER, MINNESOTA that the Washington ColDlty Auditor Is
hereby requested to certify the .-essed value of all real property within the
boundaries of the tax Increment redevelopment district modification as described
In the attached tax Increment financing plan as of the date of the last equallzed
awessment, and each yeaz hereafter to certify the amount by which the ~essed
vallie has Increased or decreased from the orlglnal al"_ed value and al80 to
certify the proportion which any Increase or decrease bears to the total unlud
value for the real property In said tax Increment financing district for that year,
and al80 to remit to the City of Stillwater each year hereafter, that proportion of
all taxes paid that year on real property In the district which the captured ar9lsed
value bears to the total current UBe'llled value, all pursuant to Minnesota Statutes.
Section 273.76, Subdivision 1 and 2.
Adopted this 1st day of October, 1985.
Published -- October 7. 1985
ATTESTI
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