Resolution - #15-12-292 - 12/08/2015

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CITY OF RAMSEY COUNTY OF ANOKA STATE OF MINNESOTA Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Ramsey, Anoka County, Minnesota, was duly called and held at the City Hall on the 8th day of December, 2015, at 7:00 p.m. The following members were present: Mayor Strommen, Councilmember Johns, Councilmember Kuzma, Councilmember LeTourneau, Councilmember Riley, Councilmember Shryock, and Councilmember Williams And the following were absent: None Councilmember Johns introduced the following resolution, the reading of which was dispensed with by unanimous consent, and moved its adoption: RESOLUTION #15-12-292 DECERTIFYING TAX INCREMENT FINANCING DISTRICT NO. 7 AND RETURNING EXCESS TAX INCREMENTS TO OTHER TAXING JURISDICTIONS WHEREAS, the city of Ramsey (the "City") has heretofore created Tax Increment Financing District No. 7 (the "Tax Increment District"); and WHEREAS, the developments to be undertaken within the Tax Increment District as set forth in the tax increment financing plans have been completed and the final tax increment payment has been made or decertification of the Tax Increment District is required pursuant to law. NOW, THEREFORE, BE IT RESOLVED by the City Council (the "Council") of the City of Ramsey, Minnesota (the "City") as follows: 1) The City Council hereby finds, declares and determines to decertify Tax Increment Financing District No. 7 effective as of December 31, 2015. 2) Any tax increments collected from Tax Increment Financing District No. 7 shall be returned to the County Auditor of Anoka County for distribution to the affected tax jurisdictions in accordance with Minnesota Statutes, Section 469.176, subdivision 2.