98-8604r
62
RESOLUTION NO. 8604
RESOLUTION APPROVING SPECIAL lAW 1998, CHAPTER 389, ARTICLE 3,
SECTION 34, REGARDING THE EXCLUSION FOR ASSESSMENT PURPOSES OF
CERTAIN IMPROVEMENTS TO APARTMENTS
WHEREAS, the 1998 Minnesota Legislature enacted a special law, Laws of
Minnesota 1998, Chapter 389, Article 3 Section 34 (the "Special Law") providing that
the City of Richfield (the "City") may approve the Special Law and thereby exclude for
assessment purposes the increase in market value resulting for certain improvements
made to "Qualified Property" as defined in the Special Law; and
WHEREAS, the 1998 Special Law extends the term for requesting an exclusion
on the value of improvements and reduces the cost for qualifying improvements as first
established in Special Law 1997, Chapter 231, Article 2, Section 34 which was
approved by the City Council on September 8, 1997; and
WHEREAS, the 1998 Special Law, also known as This Old Apartment, continues
to be deemed by the City to be in and for the best interests of the residents and
property owners of the City; and
WHEREAS, the City Council of the City of Richfield must formally approve the
Special Law in order for such law to become effective.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Richfield as
follows:
1. The Laws of Minnesota, 1998, Chapter 389, Article 3, Section 34 is approved by
the City as required by Minnesota Statute.
2. The City Clerk is authorized and directed to file with the Secretary of State a
certificate stating the essential facts necessary for valid approval, including a
copy of the resolution of approval by the City Council. The form of this certificate
shall be consistent with that prescribed by the Attorney General for this purpose.
Adopted by the City Council of the City of Richfield, Minnesota this 24th day of
August, 1998.
ATTEST:
-I~ p~
Thomas P. Ferber, City Clerk