Res 2007-125 Approving Decertification of TIF District 1CITY OF MENDOTA HEIGHTS
COUNTY OF DAKOTA
STATE OF MINNESOTA
RESOLUTION NO. 07 -125
A RESOLUTION APPROVING THE DECERTIFICATION OF TAX
INCREMENT FINANCING DISTRICT NO. I OF THE CITY OF MENDOTA
HEIGHTS
WHEREAS, on April 1, 1981, the City of Mendota Heights (the "City ") created Tax Increment
Financing District No. .1 within. its Development District No. 1 (the "Project "); and
WHEREAS, the City of Mendota Heights (the "City ") is the administrative authority for the District; and
WHEREAS, as of the date hereof all obligations to which the District have been pledged, have been paid
in full and all other costs have been paid, and the City no longer requires tax increments from the District.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mendota Heights as
follows:
1. The City desires by this resolution to cause the decertification of the District after which all
property taxes generated by property within the District will be distributed in the same manner as all other
property taxes and to no longer remit tax increment from the District to the HRA, effective for taxes payable in
2008.
2. Staff is authorized and directed to file a copy of this resolution in the City's District files, file a
copy of this resolution with the County Auditor of Dakota County along with instructions to adjust the records
for the District accordingly, and file a copy of the resolution with the Minnesota Department ofRevenue and the
Minnesota Office of the State Auditor.
Approved by the City Council of the City of Mendota Heights this 18th day of December, 2007.
DATED: December 18, 2007
Mayo�t/ber
John
—
City Clerk
Kathleen M. Swanson
(Seal)