01-9030r
62
RESOLUTION NO. 9030
RESOLUTION AUTHORIZING THE DECERTIFICATION OF PARCELS
FROM THE INTERSTATE-L YNDALE-NICOLLET (ILN)
TAX INCREMENT FINANCING DISTRICT
WHEREAS, on October 21, 1985, the City Council (the "Council") for the City of
Richfield (the "City") created the Interstate-Lyndale-Nicollet (ILN) Tax Increment
Financing District (the "ILN District") within the Richfield Redevelopment Project Area
(the "Project Area"); and
WHEREAS, the Council 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 ILN 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:
PID Number
33-028-24-41-0151
33-028-24-41-0152
33-028-24-41-0153
33-028-24-41-0154
33-028-24-41-0155
33-028-24-41-0156
33-028-24-41-0157
33-028-24-41-0158
34-028-24-32-0054
34-028-24-32-0055
34-028-24-32-0056
7500
7512
7516
7520
7524
7528
7532
7544
7545
7533
7529
Address
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
Lyndale Ave.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield that the City'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 City Council of the City of Richfield, Minnesota this 23rd day of
April, 2001.
0~~W
Martin J. Kirsc, ayor
ATTEST: