Res 2005- 26 Authorize Transfer to Tax Increment DistrictCity of Mendota Heights
Dakota County, Minnesota
RESOLUTION NO. 05- 26
A RESOLUTION AUTHORIZING A TRANSFER TO THE TAX INCREMENT
DISTRICT
WHEREAS, the City of Mendota Heights originally accounted for all expenditures and
revenues relating to Town Center in the Tax Increment District, and
VVIEREAS, the City of Mendota Heights wants to differentiate expenditures made
using Tax Increment funds and those expenditures made by other City funds, and
WHEREAS, a transfer into the Tax Increment District will separate those expenditures
made using other City funds.
NOW, THEREFORE BE IT HEREBY RESOLVED to transfer $258,100 from the
Non Increment Fund to the Tax Increment District Fund pursuant to the Office of the State
Auditor guidelines. The transfer is specifically designated as non -tax increment funds to be
utilized for the Town Center project costs.
Adopted by the City Council of the City of Mendota Heights this 3rd day of May, 2005.
ATTEST:
Kathleen M. Swanson, City Clerk
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
By