2000-92.DOC CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: December 11, 2000 RESOLUTION NO: 2000-92
MOTION BY: Senn SECONDED BY: Peterson
A RESOLUTION DECLARING EXCESS INCREMENT IN TAX INCREMENT
DISTRICT 3 (HENNEPIN COUNTY) FOR 2000
WHEREAS, the City of Chanhassen has established the Tax Increment
Financing District 3 (Hennepin County); and
WHEREAS, that district has accumulated increment beyond what is required to
pay the incurred costs of the financing plan during this year.
NOW, THEREFORE, BE IT RESOLVED that the City of Chanhassen declares
excess tax increment pursuant to MN Statutes 469.176 Subd. 2 in the amount of
$1,195,000 and authorizes the return of the same to Hennepin County for distribution to
the city, county, and school district in proportion to their property taxes according to law.
Passed and adopted by the Chanhassen City Council thisl lth day of December,
2000.
ATTEST:
Scott A. Botcher, City Manager/Clerk
YES
Mancino
Jansen
Labatt
Peterson
Senn
NO
None
Nancy K. Mancino, Mayor
ABSENT
None