Res 1981 - 33 Requesting the County Auditor to Certify the Original Assessed Value of the Real Property Within the Boundary of the Mendota Heights Tax Increment Financing Redevelopment DistrictCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 81-33
RESOLUTION REQUESTING THE COUNTY AUDITOR TO CERTIFY THE
ORIGINAL ASSESSED VALUE OF THE REAL PROPERTY WITHIN THE
BOUNDARY OF THE MENDOTA HEIGHTS TAX INCREMENT FINANCING
REDEVELOPMENT DISTRICT
WHEREAS, the City Council of the City of Mendota Heights has determined
that it is necessary and desirable and in the public interest to I establish,
designate, develop, and administer a tax increment financing redevelopment
district pursuant to the provisions of Minnesota Statutes Section 273.71 to
273.78 inclusive;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Mendota
Heights, Minnesota, that the Dakota County Auditor is hereby requested to
certify the assessed value of all real property within the boundaries of the
tax increment redevelopment district as described in the Tax Increment Finance
Plan, adopted May 5, 1981, as of the date of the last equalized assessment, and
each year hereafter to certify the amount by which the assessed value has
increased or decreased from the original assessed value (January 12, 1980), and
also to certify the proportion which any increase or decrease bears to the total
assessed value for the real property in said tax increment financing district
for that year, and also to remit to the City of Mendota Heights each year
hereafter, that proportion of all taxes paid that year on real property in the
district which the captured assessed value bears to the total current assessed
value, all pursuant to Minnesota Statutes 273.76, Subd.,l and 2 (Chapter 322,
Laws of Minnesota, 1979).
Adopted by the City Council of the City of Mendota Heights this 19th day of
May, 1981.
CITY COUNCIL I
CITY OF MENDOTA HEIGHTS
By /e&
Robert G. Lockwood
Mayor j'
ATTEST:
athleen M. Swanson
City Clerk