2005-76
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
September 12. 2005
RESOLUTION NO:
2005-76
MOTION BY:
Peterson
SECONDED BY:
Tiornhom
RESOLUTION APPROVING DECERTIFICATION
OF THE GA TEW A Y TIF DISTRICT
WHEREAS, on May 27, 1997, the City of Chanhassen (the "City") created its Tax
Increment Financing District No.6, (the "District"); and;
WHEREAS, Minnesota Statutes, Section 469.174 to 469.179 requires that the Tax
Increment Financing District be terminated when all obligations within the district have been
met;
WHEREAS, the City desires by this resolution to acknowledge the decertification of the
District, after which all property taxes generated by property within the District have been and
will continue to be distributed in the same manner as all other property taxes beginning with
taxes payable in 2006, and;
WHEREAS, as of December 31, 2005 all obligations to which tax increment from the
District have been pledged have been paid in full; and;
WHEREAS, the remaining tax increment in the account for the District will be returned
after the books for 2005 are closed to the County Auditor for redistribution to the regular taxing
jurisdictions;
NOW, THEREFORE, BE IT RESOLVED by the City Council ofthe City of
Chanhassen, Minnesota, as follows:
That the Carver County Auditor is authorized and requested to decertify the Gateway TIP
District No.6 (County District No. 24) as a tax increment district and to no longer remit
tax increment from the District to the City as of December 31,2005.
Passed and adopted this Ith day of September, 2005.
NT
Thomas A. Furlong, Mayor
YES
NO
Furlong
Lundquist
Peterson
Tjornhom
None
Labatt