HomeMy WebLinkAboutResolution - 86-31 - Requesting County Auditor to Certify Original Assessed Value of TIF District #10 - RESOLUTION NO. 86-31
A RESOLUTION REQUESTING THE COUNTY AUDITOR TO CERTIFY THE ORIGINAL ASSESSED
VALUE OF THE REAL PROPERTY WITHIN THE BOUNDARY OF THE PRAIRIE VILLAGE TAX
INCREMENT FINANCING DISTRICT NO. 10.
WHEREAS, the City Council of the City of Eden Prairie ("City" ) has
determined that it is necessary and desirable and in the public interest to
establish, designate, develop, and administer a tax increment financing
district pursuant to the provisions of Minnesota Statutes Section 273.71 to
273.78 inclusive;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY, that
the Hennepin County Auditor is hereby requested to certify the assessed
value of all real property within the boundaries of the tax increment housing
district as described herein as of the date of the last equalized assessment,
and each year hereafter, to certify the amount by which the assessed value
has increased or decreased from the original assessed value and also, to
certify the proportion which any increase or decrease bears to the total
assessed value for the real property in said Tax Increment Financing District
No. 10, for that year, and also, to remit to the City each year the hereafter,
the proportion of all taxes paid that year on real property in the District
j which the captured assessed value bears the the total current value, all
pursuant to Minnesota Statutes 273.76, Subd. 1 and 2 (Chapter 322, Laws of
Minnesota, 1979) .
Adopted this _ 18th day of _ February 1986.
'Mayor
ATTEST:
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