City Council Resolution 2000-10CITY OF MONTICELLO
STATE OF MINNESOTA
Resolution No. 2000-10
BEING A RESOLUTION APPROVING THE DECERTIFICATION OF TAX
INCREMENT FINANCING DISTRICT NO. 1-1 OF THE CITY OF
MONTICELLO.
WHEREAS, on March 26,-1990,- the City of Monticello, Minnesota (the "City") established
Development District No. 1 (the "Project") and created Tax Increment Finance District No. 1-1
(the `District"); and
WHEREAS, as of the date hereof all bonds and obligations to which tax increment from the
District have been pledged have been paid in full or defeased and all other costs of the Project
have been paid; and
WHEREAS, the City by this resolution to cause the decertification of the District after which
all property taxes generated by the property within the District will be distributed in the same
manner as all other property taxes.
NOW THEREFORE, BE IS RESOLVED by the City Council of the City of Monticello,
Minnesota, that staff shall take such action as is necessary to cause the County Auditor of Wright
County to decertify the District as a tax increment district and to no longer remit tax increment
payable 2000 from the District to the City.
DATED: February 14, 2000
(Seal)
ATTEST:
City Administrato
CITY OF MONTICELLO, MINNESOTA