HomeMy WebLinkAbout1997-127 CCR• Member DebrA H1 rn introduced the following resolution and moved
its adoption:
RESOLUTION NO.
RESOLUTION APPROVING SECTION 63 OF CHAPTER 231 OF THE LAWS
OF MINNESOTA 1997 - RENTAL PROPERTY IMPROVEMENTS ASSESSED
VALUATION ADJUSTMENT DEFERRAL
WHEREAS, the Laws of Minnesota 1997 Chapter 231, Subdivision 63, 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 63 of Chapter 231 of the Laws of Minnesota 1997 be and hereby
• is approved.
-7 / ag I H9-7
Date �ayor
ATTEST: 7 1
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
ko ber+ Pe PPS
and upon vote being taken thereon, the following voted in favor thereof:
Ivl Irma. Kra jneS5, Keo -,leen 04rmody; Debra WS4rom)'Robe(+ PePpe-
and the following voted against the same: nor -
)e -whereupon said resolution was declared duly passed and adopted.
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