HomeMy WebLinkAboutResolution - HRA 2019-01 - Decertification of TIF District 18 - 01/08/2019 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
HOUSING AND REDEVELOPMENT AUTHORITY
H.R.A. RESOLUTION NO. 2019-01
A RESOLUTION APPROVING THE DECERTIFICATION OF TAX INCREMENT
FINANCING DISTRICT NO. 18 OF THE HOUSING AND REDEVELOPMENT
AUTHORITY
WHEREAS, on April 16, 2002, the Housing and Redevelopment Authority (the "HRA") created
its Tax Increment Financing District No. 18, (the "District") within its Redevelopment Project No. 5 (the
"Project"); and
WHEREAS, on December 31, 2018 the tax increment bonds to which tax increment from the
District have been paid in full, and
WHEREAS, all other costs of the Project have been paid; and
WHEREAS, there are no parcels located in the District which have delinquent taxes when the
District terminated under the duration limits,and
WHEREAS,the nonpayment of property taxes has not caused the outstanding bonds, and
WHEREAS, the HRA 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 January 1, 2019.
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
Districts as tax increment districts and to no longer remit tax increment from the Districts to the City.
ADOPTED by the Housing and Redevelopment Authority this Bch day of January, 2019.
Ron Case,Mayor
ATTEST:
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Ilick Getschow, Executive Director