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RESOLUTION NO. 9641
RESOLUTION APPROVING 2005 MINNESOTA LAWS, CH.152, ARTICLE 2, SECTION
25, RELATING TO AUTHORITY TO CREATE A TAX INCREMENT FINANCING DISTRICT
IN THE CITY OF RICHFIELD
BE IT RESOLVED By the City Council of the City of Richfield, Hennepin County,
Minnesota (the "City") as follows:
1. It is hereby determined that:
(a) 2005 Minnesota Laws, Chapter 152, Article 2, Section 25 (the "Special
Law") authorized the creation of a tax increment financing district subject to certain
special terms and conditions;
(b) the Special Law is effective upon approval by a majority vote of the City
Council and filing a certificate with the Secretary of State, all in accordance with
Minnesota Statutes, Section 645.021, subd. 2; and
(c) the City Council has determined that is in the best interest of the City and its
residents to approve the Special Law.
2. The Special Law is hereby approved in all respects.
3. The City Clerk is authorized and directed to file with the Secretary of State a
certified copy of this resolution along with the appropriate certificate in the form prescribed by
the state attorney general.
4. City staff are authorized and directed to take all actions necessary to implement
the Special Law and bring before this Council further proceedings as necessary in order to
establish the tax increment financing district authorized by the Special Law.
5. The Housing and Redevelopment Authority in and for the City of Richfield,
Minnesota is designated as the authority for such district.
Adopted by the City Council of the City of Richfield, Minnesota this 28th day of
June, 2005.
/;?~.u
Mart J. sch, Mayor