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HomeMy WebLinkAbout1998-094 CCRMember Debra Hilstrom introduced the following resolution and moved its adoption: RESOLUTION NO. QR-A-ZL- RESOLUTION APPROVING SECTION 34 OF CHAPTER 389 OF THE LAWS OF MINNESOTA 1998 - RENTAL PROPERTY IMPROVEMENTS ASSESSED VALUATION ADJUSTMENT DEFERRAL WHEREAS, the Laws of Minnesota 1998 Chapter 389, Section 34, provides for an incentive for qualifying properties to be rehabilitated; and WHEREAS, through the efforts of Speaker Phil Carruthers, this legislation was proposed to include the City of Brooklyn Center in having the ability to allow improvements to be made to qualified rental property without increasing the assessed valuation of such rental property due only to such improvements for a limited period of time as an incentive to cause the improvement of rental housing stock. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center that Section 34 of Chapter 389 of the Laws of Minnesota 1998 be and hereby is approved. Mav 26. 1998 Date Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Kay Lasman and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragnes s , Kathleen Carmody, Debra Hilstrom, Kay lasman, and Robert Peppe; and the following voted against the same: none whereupon said resolution was declared duly passed and adopted.