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CITY OF PEQUOT LAKES <br /> COUNTY OF CROW WING <br /> STATE OF MINNESOTA <br /> RESOLUTION <br /> RESOLUTION APPROVING ELIMINATING A PARCEL FROM TAX <br /> INCREMENT FINANCING DISTRICT NO. 1-3 <br /> WHEREAS,THIS RESOLUTION amends a tax increment financing plan only to eliminate a parcel, <br /> and the current net tax capacity of the parcel eliminated equals or exceeds the net tax capacity of the parcel <br /> in a tax increment district's original tax capacity; <br /> BE IT RESOLVED by the City Council of the City of Pequot Lakes, Minnesota (the "City") as <br /> follows: <br /> 1. On August 13, 1996, the City, acting pursuant to Minnesota Statutes, Section 469.174 to <br /> 469.179, approved the establishment of Tax Increment Financing District No. 1-3 ("District No. 1-3")located <br /> within Development District No. 1 (the "Development District"), and the Tax Increment Financing Plan <br /> relating thereto (the "Plan"). It has been proposed that the City eliminate a parcel, identified by parcel <br /> identification number No. 29-113-003001-0009 and incorporate this change as an amendment to the Tax <br /> Increment Financing Plan for Tax Increment Financing District No. 1-3. <br /> 2. The elimination of PID No. 29-113-003001-0009 from District No. 1-3 is hereby approved <br /> and the City Manager is hereby directed to notify the Crow Wing County Auditor of the elimination of said <br /> parcel from District No. 1-3. <br /> 3. Parcel identified by parcel identification No. 29-113-003001-0009 is hereby eliminated from <br /> District No. 1-3 and the Plan is hereby amended to delete such parcel from the area of District No. 1-3. <br /> Dated: October 14, 1997 <br /> N, �. 3 �G t-Lr <br /> _,.. <br /> • / Mayor <br /> r ATT <br /> ii <br /> City Clerk <br /> Li <br />