City Council Resolution 1985-24RESOLUTION 1985 # 24
A RESOLUTION REQUESTING THE COUNTY
AUDITOR TO CERTIFY THE ORIGINAL ASSESSED
VALUE OF THE REAL PROPERTY WITHIN THE
BOUNDARY OF THE MONTICELLO HOUSING AND
REDEVELOPMENT AUTHORITY TAX INCREMENT
FINANCING REDEVELOPMENT DISTRICT #6
WHEREAS, the City Council of the City of Monticello has determined
that it is necessary and desirable and in the public interest to designate,
establish, 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 MONTICELLO,
MINNESOTA that the Wright 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 attached tax
increment financing plan 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 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.
Adopted this 12th day of November, 1985.
Arve A. Grimsmo, Mayor
ATTEST:
Thomas A. Eidem
City Administrator