HomeMy WebLinkAboutResolution No. 357-07 . CITY OF ROCHESTER
COUNTY OF OLMSTED
STATE OF MINNESOTA
RESOLUTION NO. —07
Resolution Authorizing Decertification
Of the City's Tax Increment
Financing District No. 35- 1
BE IT RESOLVED by the Common Council (the "Council") of the City of
Rochester, Minnesota (the "City"), as follows:
1. Recitals
(a) On November 6, 2006, the Council approved the City's Tax
Increment Financing District No. 35-1 (the "TIF District").
(b) The Developer "Salvation Army" had subsequently sought
and received tax exempt status for the project by the
Olmsted County Auditor. Because of that, the developer has
not entered into a Development Assistance Agreement with
• the City, and is now requesting that the Tax Increment
Financing district be decertified.
2. Decertification of TIF District
The Council hereby approves and directs that the TIF District be
immediately decertified, and City staff is directed to request in
writing that the Olmsted County Auditor promptly decertify the TIF
District. In addition, City staff shall provide to the County Auditor a
certified copy of this Resolution.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS �t DAY OF Avlc r- , 2007.
PRESIDENT OF SAID COMMON COUNCIL
•
ATTEST:
• WY CLERK
APPROVED THIS / DAY OF T , 2007.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Councilmember Marcia Marcoux moved the adoption of the foregoing
resolution, which motion was duly seconded by Councilmember
Bob Nowi cki and upon vote being taken thereon, the following
Councilmembers voted in favor thereof:
President Dennis Hanson, Councilmembers Pat Carr, Ed Hruska, Marcia Marcoux,
Sandra Means, Bob Nowicki , Bruce Snyder
• And the following Councilmembers voted against the same:
None
Whereupon said resolution was declared duly passed and adopted.