HomeMy WebLinkAbout1998-123 CCRits adoption: Member Kathleen Carmody introduced the following resolution and moved
RESOLUTION NO. 98-123
RESOLUTION APPROVING SECTION 14 OF CHAPTER 231 OF THE LAWS
OF MINNESOTA 1997 - USE OF TAX INCREMENT FINANCING
WHEREAS, the Laws of Minnesota 1997 Chapter 231, Section 14, provides for
a time limit for tax increment financing district number 3, established on December 19, 1994, by
Brooklyn Center City Council Resolution No. 94-273, Minnesota Statutes, Section 469.1763,
Subdivision 3, by permitting a period of ten years for commencement of activities within the
district; and
WHEREAS, local approval is required for this legislation to be effective.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that Section 14 of Chapter 231 of the Laws of Minnesota 1997 be and hereby is
approved.
1
Julv 27. 1998
Date
ATTEST: X'2" -kmvc~m
City Clerk
Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member
Debra Hilstrom
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, 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.
v