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CITY OF PEQUOT LAKES <br /> CROW WING COUNTY <br /> STATE OF MINNESOTA <br /> BEING A RESOLUTION APPROVING THE DECERTIFICATION OF <br /> TAX INCREMENT FINANCING DISTRICT NO. 1-6 OF THE CITY OF <br /> PEQUOT LAKES. <br /> WHEREAS, on April 7, 1998, the City of Pequot Lakes (the "City") created its Tax Increment <br /> Financing District No. 1-6 ("District No. 1-6")within its Development District No. 1 (the "Project"); and <br /> WHEREAS, as of the date hereof all bonds and obligations to which tax increment from District <br /> No. 1-6 have been pledged have been paid in full or defeased and all other costs of the Project have been <br /> paid; and <br /> WHEREAS, the City desires by this resolution to cause the decertification of District No. 1-6 <br /> after which all property taxes generated by property within the District will be distributed in the same <br /> manner as all other property taxes. <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Pequot Lakes that <br /> the City's staff shall take such action as is necessary to cause the County Auditor of Crow Wing County to <br /> decertify the District No. 1-6 as a tax increment district and to no longer remit tax increment from the <br /> District No. 1-6 to the City. <br /> DATED: August 6, 2002 r / <br /> , iO�_ <br /> Forbes Martinson, Ma or <br /> ATTEST: <br /> r <br /> Marty 'eisch, City <br /> (Seal) <br /> DECERT-4.RTF <br />