HomeMy WebLinkAboutResolution - 2021-94 - Decertification of Tax Increment Financing District No. 20 - 12/07/2021CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2021-94
BEING A RESOLUTION APPROVING THE
DECERTIFICATION OF TAX INCREMENT FINANCING
DISTRICT NO. 20 OF THE CITY OF EDEN PRAIRIE.
WHEREAS, on September 5, 2006, the City of Eden Prairie (the "City") created its Tax
Increment Financing District No. 20 (the "District") within its Redevelopment Project No. 6 (the
"Project''); and
WHEREAS, on December 31, 2021 the tax increment bonds to which tax increment from
the District have been pledged was paid, and
WHEREAS, all other costs of the Project have been paid; and
WHEREAS, the City desires by this resolution to cause the decertification of the District
after which all property taxes generated by property within the Districts will be distributed in the
same manner as all other property taxes beginning 2022.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Eden
Prairie that the City's staff shall take such action as is necessary to cause the County Auditor of
Hennepin County to decertify the District as tax increment districts and to no longer remit tax
increment from the District to the City.
ADOPTED by the Eden Prairie City Council this 7th day of December, 2021.
-z/~--
Ronald A. Case, Mayor
ATTEST:
(Seal)