1i. Resolution to Decertify Hennepin County Tax Increment District.CITY OF 1 "
on
690 COULTER DRIVE • P.O. BOX 147 • CHANHASSEN, MINNESOTA 55317
(612) 937 -1900 0 FAX (612) 937 -5739
MEMORANDUM Action by City Administrator,
Endorsed
TO: Don Ashworth, City Manager Modified
Rejected -
FROM: Todd Gerhardt ' Assistant City Manager Date._...,. / - a --1 7
Date Submitted to Commission
DATE: January 22, 1997 Date Su�7rited to Council
SUBJ: Decertify TIF District No. 2 and Development District No. 1
Attached please find a resolution decertifying Tax Increment Financing District No. 2 and
Development District No. 1 (see Attachment #1). As you know, this district was extended for
two years for the construction of the State Highway 101 & 5 intersection, and expired on
December 31, 1992 (see Attachment #2).
The State Auditor's office has requested (5 years later) that the city officially notify Hennepin
County of the district's decertification.
RECOMMENDATION
Staff would recommend that the city council approve the attached resolution and direct staff to
send copies to both Hennepin County and the State Auditor.
ATTACHMENTS
1. Resolution
2. State Statute
gAadmin \tg \decertify.doc
CITY OF C
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: January 27, 1997 RESOLUTION NO:
MOTION BY: SECONDED BY:
A RESOLUTION DECERTIFYING TAX INCREMENT DISTRICT NO.2
IN DEVELOPMENT DISTRICT NO.1
WHEREAS, the duration of Tax Increment District No. 2 in Development District No. 1
within the City of Chanhassen ended in 1992. All increment received during the years of 1990
through 1992 were used only to pay development costs associated with improvements of those
portions of State Trunk Highway 101 or 5 within the development district or to pay the
administrative expenses of the tax increment financing district.
NOW, THEREFORE, BE IT RESOLVED BY THE CHANHASSEN CITY
COUNCIL that Tax Increment District No. 2 in Development District No. 1 is hereby decertified
as of December 31, 1992. Further, that this resolution shall serve as official notice to Hennepin
County of the city's action.
Passed and adopted by the Chanhassen City Council this day of ,1997.
ATTEST:
Don Ashworth, City Clerk/Manager
YES
Nancy K. Mancino, Mayor
NO
ABSENT
gAadmin\resol \decertify.doc
Ch. I, Art. la LAWS of MINNt$OT 238
1989 FIRST SPECIAL SESSION
xw mulliulied ly 1he Ea a tax capstity Qf the laA increment bjU neln
d�dTi
Ll �S 19 1 RELILd 1= YCAM Ln district Mug reocivc tad equal Q
ginount 1 LWI= t 1 9() or the a . movm 911dcr pur rah (jkL LJOLc fol
3bs Yl' d. Pvcr as ie�sr '
APPROPRIATION. The amount nsccj3Ary to r� � a� vments
)_d its sec tion �s annu nopr opriatc Lq g gLMMi.Wqner of r�yc
1�
"I CITY INFORMATION, N Cities Qf FWLgn HE.Iv.hts $.nd L_pydcr•
g r�SUSt Ovide Lhl co'mm 1b9ioncr q[ v * uc with 5ee inform Ilion nec� _ CS "Qry
S4 ML ca. tcul ations rc °u_ircJ �ntjcr s th iv'sion 3 ara rah tS au3t ll.
Sec. 16, MOORHEAD TAX INCREMENT.FiNANCINC;.
In SU 2 gg a Ax increment b
ate d Pb o 18 Aususl 1 1 district '. � of �nc�ad
93F� and ,yam ay anc. tei parking facility r„} ¢n
n r proicc mlig uA°rit 44 aZ» � be t4kWtuled fRr °A ril 1
in Minnesota Sjujiggi aec ion 4
76 bdivisi 1,, gL4&Mll Ll UQ
lli Pj&_T-
Sae, 17. -DURATION OF TAX INCREMENT FINANCING DISTRICT.
� loiwithstan�ing i n f S 010 Statues . saction 469,176- subdivisiolt ,M
j an i distri ? irs Zvcl c i s r t t t„t�,e, c t
QVfts9dn M, lLnJ 12 I SWYA Im increments IbY gh & vear 1992
LC4 a i C nt r,�cdvetl �s(I3>]4 E�£ lS�$ wY thr I9
may
g Vo br to Qax development USLi assn— ated wit im*rovement o f those
pqrt n -Of slh t = bizb WA N, Lui 211 within Opmcnt disu Z
12 29Y l h 2 102110KtrAtiye ense - the M inercm financing ict.
Sec. M TRANSITION RIJIMS,
Suhd {vision 1. ligiim 19 92LI tnt napiv to to c ' creme t 6nnnca dis•
X'ris aA 'she is m n d istrict r v � an a t orit under 11L. ti & SSthIdQQ6 I$ 4. b.4,t34 ifl 6s.W , JIM 1Ztavl4S4 IU
Ecamest L4I nI atio a 12 21511 V itte 12 I re lone 1,
t 4�1
2 S o s Z and 10 d_o not AM& I2 u icina1 reddvelo�ment
2 oro lame d lopment d trier o Ina a c v
thori Pn ScptentUer �, !4$Q. u. nd� t�'n t? 6tgtut 1_978, ch.. avtrr
rsdE;elonme tot districts ilL esta 1' hcd Qj,c are f 2M — QSed
»ti�rtc 1 t d }1# egg ltaEive m2&-Sims p$rce en i's AUgd hircl 7, la,89.
�yE 3 ecti i0?c,�g ?PpIY to a. ovoi g trl m district ip EtLe i Qf
�i nrteaaol{s that i clt ludg� the �nncr �hctaton ky ref si r+ provide t e
New IRRItuatk It Indlared hp erttne, ifvietlon$ by etrileeeut,
r
i;
f:
I
iR
1 19
rig
Or
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:i xx
ar
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239 LAWS of MINNESOTA Ch. I. Art, IS ;
1 9RO FIRST S09C;IXL SESSION
t"g ele en ion 2f ht ri t is =12211 � L the oc = bar
Sec. 19. EFFECTIVE DATZ.
$=1j2 2, $ 10. LL an t2 ere ;Mg 'v igr dictr ,1015 &r whic t tc
Cenn 1 for Rerttfication was fllcd with t QygFy nn ;a alter t}hee d
fin2i c sc,� Lge�t, ssstions L 1 EZ, L 11 1 4- V- 32-d A divi ;vim 1 ins!
Aft tjYc &A lam' 011 w' na nt. ec ti 16 ;s c lf cctive {I
'a cr coxrintience wit to cr,� t, igc� 6. 43.02 b� ern
�Y 41' lie. � Q j r ea cctt � 7 � etivc the dyy �,r cn (anc
wbtit 1�E,gSata to ep anon 4 I � Sri �gp SdEY
£llY 4f inn ells w, t i csota , t tut sGct_�cyn bd3•ry2 t. .
ARTICLE 15
.�:�..
BUDGET PMERVF.
Section 1, Minneanta Statutes 1989,,section 16AJS, subdivision 6. is amended
W read;
Subd, 6. BUDGET ANI? CASH FLow RESERW ACCOUNT, A budget
and cash flow reserve account is created in the general fund in the state treasury.
The commissianar of financc 811611, as authorized from time to ti by law,
restrict part or ail of the budgetary balance in the general fund for uge as the
budget and each flow raacrvc account. The wmmisQioner of finance shall trans-
for to'the
.budget and cash flow rcactve account such atneunts as are evailablc to
bring the total atnount,'including any existing balance in the account on June
F�
30, 400 M to �n36i;�lAR 98E3. 5 000 0. The amounts restricted shall
remain in the accouni'.utiU dr down under subdivision i or Increased under
tip
section 16A.1Sal.
Sec. 2, MInnesntA Statutae 1989 SupplemcK section 16A.1 is amended
'to
ieid:
16A,IS41 ADDITIONAL REVENUES; PI21O121T'X.
If on the basis of a forecast of general land revenues and expenditurm the
coit►missioncr of finance determines that there will be a positive .unrestricted
budgetary general fund balance at the 01 of the biennium, the commissioner
offinance must allocate money to the budget and cash now reserve account until
the total amount in the aowunt evuals five Iwrcent of total general fund appro-
O tions for the eurrent•bitttnium as Pwbtished by the most legislative
recent
session tutee redUe; t 4ila t►ff+tw'eti' i *eeoaniti9n perce t atfdCr t>
4" 43t 9Q4 m 4e 04 Pe*eeb , i ni g in N = l.�B.
forecast Mores ;ricred bu to eral fufid bra nc�s ag a rn en tg
Now 1s p4c is Indicated br mdalln e , oelottona by ekiheovt.
:01 Lbs