HomeMy WebLinkAboutResolution - 90-157 - Transferring Special Assessments from TIF Fund to General Fund - 06/05/1990 /(-"d --/, 7
RESOLUTION RELATING TO THE TAX INCREMENT FUND;
• APPROPRIATING SPECIAL ASSESSMENTS THEREFROM
TO THE GENERAL FUND OF THE CITY
BE IT RESOLVED by the City Council of the City of Eden
Prairie, Minnesota, as follows :
1. The City has heretofore levied certain special
assessments on benefitted property within Development District
No. 1 in the City, the collections of which were pledged and
appropriated by the City to the Tax Increment Fund established for
the payment of certain tax increment bonds . The tax increment
bonds have now been fully paid and retired, but a portion of the
special assessments remain to be collected in 1990 and later
years .
2 . The special assessments referred to above,
collectible in 1990 and later years, being no longer required for
the payment of the tax increment bonds, are hereby appropriated,
pursuant to Minnesota Statutes, Section 475 . 61, subdivision 4, to
the general fund of the City.
ADOPTED by the City Council of the City of Eden Prairie this
5th day of June, 1990.
Gard t4(e�'- n,am
ATTEST:
Joh ane, City Clerk
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