2001-43 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: June 25, 2001
MOTION BY: Labatt
RESOLUTION NO:
SECONDED BY:
A RESOLUTION TO APPROVE TO RATIFY
INTER-FUND LOANS TO TIF DISTRICTS
2001-43
Avotte
WHEREAS, the Minnesota Legislature may pass a TIF technical corrections bill that
includes some specific statutory language; and
WHEREAS, the language clarifies that inter-fund loans to TIF districts are permitted and
affirms all inter fund loans that exist prior to July 1, 2001.
NOW, THEREFORE, BE IT RESOLVED that the Chanhassen City Council hereby
approves inter fund loans for TIF Districts in an amount not to exceed the following totals:
$10,000,000
$3,000,000
$1,000,000
$1,000,000
$1,000,000
Downtown TID 1
McGlynn TID 2-1
Nat'l Weather Svc TID 2-2
North Bay TID 5
Eden Trace TID 7
Passed and adopted by the Chanhassen City Council this 25th day of June, 2001.
ATTEST:
Todd Gerhardt, Acting City Manager
YES
Jansen
Labatt
Peterson
Ayotte
Linda C. Jansen, Mayor
NO
None
ABSENT
None