01-816r
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HRA RESOLUTION NO. 816
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RESOLUTION APPROVING THE DECERTIFICATION OF PARCELS
FROM THE INTERST A TE-L YNDALE-NICOLLET (ILN)
TAX INCREMENT FINANCING DISTRICT
WHEREAS, the Housing and Redevelopment Authority in and for the City of
Richfield (the "HRA") adopted the Tax Increment Financing Plan for the Interstate-
Lyndale-Nicollet (ILN) Tax Increment Financing District (the "ILN District") within the
Richfield Redevelopment Project Area (the "Project"); and
WHEREAS, the HRA desires by this resolution to cause the decertification of
eleven (11) parcels in the ILN District after which all property taxes generated by
property within the District will be distributed in the same manner as all other property
taxes. The eleven (11) parcels to be decertified in the ILN District include the following:
PIO Number Address
33-028-24-41-0151 7500 Lyndale Ave.
33-028-24-41-0152 7512 Lyndale Ave.
33-028-24-41-0153 7516 Lyndale Ave.
33-028-24-41-0154 7520 Lyndale Ave.
33-028-24-41-0155 7524 Lyndale Ave.
I 33-028-24-41-0156 7528 Lyndale Ave.
33-028-24-41-0157 7532 Lyndale Ave.
33-028-24-41-0158 7544 Lyndale Ave.
34-028-24-32-0054 7545 Lyndale Ave.
34-028-24-32-0055 7533 Lyndale Ave.
34-028-24-32-0056 7529 Lyndale Ave.
NOW THEREFORE, BE IT RESOLVED that the HRA's staff shall take such
action as is necessary to cause the County Auditor of Hennepin County to decertify the
eleven (11) parcels in the ILN District and to no longer remit tax increment from the
eleven (11) parcels to the City.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 16th day of April, 200~
Thomas E. Harms, Chair
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