HomeMy WebLinkAboutResolution - HRA 2021-04 - Decertification of TIF District 20 - 12/07/2021CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
H.R.A. RESOLUTION NO. 2021-04
BEING A RESOLUTION APPROVING THE
DECERTIFICATION OF TAX INCREMENT FINANCING
DISTRICT NO. 20 OF THE HOUSING AND
REDEVELOPMENT AUTHORITY
WHEREAS, on September 5, 2006, the Housing and Redevelopment Authority (the
"HRA") 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 mam1er as all other prope1iy taxes beginning 2022.
NOW THEREFORE, BE IT RESOLVED by the HRA of the City of Eden Prairie that the
HRA'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 Housing and Redevelopment Authority this 7th day of December,
2021.
Ronald A. Case, Chair
Rick Getschow, Executive Director
(Seal)