99-8741r
101
RESOLUTION NO. 8741
RESOLUTION AUTHORIZING THE ELIMINATION OF PARCELS FROM
THEINTERST A TE-L YNDALE-NICOLLET (ILN)
TAX INCREMENT FINANCING DISTRICT WITHIN
THE CITY OF RICHFIELD.
WHEREAS, on November 12, 1985, the City of Richfield (the "City") created its
Interstate-Lyndale-Nicollet (ILN) Tax Increment Financing District (the "ILN TIF District"); and
WHEREAS, the proposed Interchange West and Lyndale Gateway Tax Increment
Financing District (the "Interchange West and Lyndale Gateway TIF District") includes the
following parcel numbers which were previously certified in the ILN TIF District:
Parcel Identification Number
33-028-24-44-0036
33-028-24-44-0037
33-028-24-44-0038
33-028-24-44-0039
33-028-24-44-0041
33-028-24-44-0042
33-028-24-44-0040
33-028-24-44-0043
33-028-24-44-0044
33-028-24-44-0045
33-028-24-44-0046
33-028-24-44-0047
33-028-24-44-0048
34-028-24-33-0078
34-028-24-33-0077
34-028-24-33-0084
34-028-24-33-0075
34-028-24-33-'0076
34-028-24-33-0074
34-028-24-33-0073
Address
7600 Lyndale Avenue South
7608 Lyndale Avenue south
7614-16-18 Lyndale Avenue South
7620-'26 Lyndale Avenue South
7628 Lyndale Avenue South
.76.30 Lyndale Avenue South
7632 Lyndale Avenue South
7634-36 Lyndale Avenue South
7638-40 Lyndale Avenue South
7642-42a Lyndale Avenue South
7644-44-1/2 Lyndale Avenue South
7646 Lyndale Avenue South
764~ Lyndale Avenue South
7601 Lyndale Avenue South
7609-11 Lyndale Avenue South
7613-27 Lyndale Avenue South
7625 Lyndale Avenue South
7619 Lyndale Avenue South
7629-33 Lyndale Avenue South
7645 Lyndale Avenue South
WHEREAS, the City has proposed to hold a public hearing on June 14, 1999, on the
creation of the Interchange West and Lyndale Gateway TIF District within the Richfield
Redevelopment Project Area, as proposed to be modified; and
WHEREAS, the City desires by this resolution to cause the elimination of the following
parcels (collectively "the Parcels") within the ILN TIF District:
Resolution No. 8741
Parcel Identification Number
33-028-24-44-'0036
33-028-24-44-'0037
33-028-24-44-0038
33-028-24-44..0039
33-028-24-44..0041
33-028.,.24-44-0042
33-028-24-44-0040
33-028-24-44-0043
33-028-24-44-0044
33-028-24-44-0045
33-028-24-44-0046
33-028..24-44-0047
33-028-24-44-0048
34-028-24-33-'0078
34-028-24-33-0077
34-028-24-33-0084
34-028-24-33-0075
34-028-24-33-0076
34-028-24-33-0074
34-028-24-33-0073
-2-
Address
7600 Lyndale Avenue South
7608 Lyndale Avenue south
.7614-16-18 Lyndale Avenue South
7620-26 Lyndale Avenue South
7628 Lyndale Avenue South
7630 Lyndale Avenue South
7632 Lyndale Avenue South
7634-36 Lyndale Avenue South
7638-40 Lyqdale Avenue South
7642-42a LyndaleAvenue South
7644-44-1/2 Lyndale Avenue South
.. '1646 LyriCtaleAvenue South
7648 Lyndale Avenue South
7601 Lyndale Avenue South
7609-11 Lyndale Avenue South
7613-27 Lyndale Avenue South
7625 Lyndale Avenue South
7619 Lyndale Avenue South
7629-33 Lyndale Avenue South
7645 Lyndale Avenue South
and, thereby, reducing the size of the ILN TIF District; and
WHEREAS, since the current net tax capacity of the parcels to be eliminated fr m the
ILN Tax Increment Financing District may be. less than the certified original net tax cap city of \
the parcels, the holding of a public hearing is required by Minnesota Statutes, Section 4 9.175, \.
subd.4.
NOW THEREFOREE, BE IT RESOLVED by the City Council of the City of R chfield
thatthe Parcels are hereby eliminated from thelLN TIF District and the City's staff sh II take
such action as is necessary to notify the County ,Auditor of the reduction in the geograph carea
of the ILN TIF District caused by the elimination of such Parcels.
Adopted by the City Council of the City of Richfield, Minnesota this 14th day 0 June,
1999. ?J;ti/;,'.~. L
Martin J. K rs"CI,;'Mayor
AT. TEST:. .. t::'..~.....
~j)
Thomas Ferber, City Clerk
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