HomeMy WebLinkAbout17-131 - ADMIN Resolution - City Council - 2017/09/05RESOLUTION NO. 17-131
RESOLUTION APPROVING LAWS 2017,
1sT SPECIAL SESSION, CH. 1, ARTICLE 6, SECTION 21
�. RELATING TO A TAX INCREMENT FINANCING DISTRICT
IN THE CITY OF ST. LOUIS PARK
BE IT RESOLVED By the City Council of the City of St. Louis Park, Hennepin
County, Minnesota (the "City") as follows:
It is hereby determined that:
(a) Laws 2017, 111 Special Session, Chapter 1, Article 6, Section 21 (the
"Special Law") increased the permitted percentage of increment from the Elmwood Tax
Increment Financing District that may be expended on activities outside the district under
Minnesota Statutes, Section 469.1763, subd. 2, to 30%;
(b) the Special Law is effective upon approval by a majority vote of the City
Council, a majority vote of the Hennepin County Board of Commissioners (the "County
Board"), and a majority vote of the School Board of Independent School District No. 283
(the "School Board"), and filing a certificate with the Minnesota Secretary of State, all in
accordance with Minnesota Statutes, Sections 469.1782 and 645.021, subd. 2 and 3; and
(c) the City Council has determined that is in the best interest of the City and
its residents to approve the Special Law.
The Special Law is hereby approved in all respects.
3. Upon receipt of certified copies of resolutions approving the Special Law by the
County Board and the School Board, the City Clerk is authorized and directed to file with the
Secretary of State such resolutions along with a certified copy of this resolution and the
appropriate certificate in the form prescribed by the State Attorney General.
4. City staff are authorized and directed to take all actions necessary to implement
ial Law and bring before this Council further proceedings as necessary in order to
er t the Special Law.
City Manager
Attest:
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qMclisenne y, y er t Soren Mattick, City Attorney