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il <br /> CITY OF PEQUOT LAKES � <br /> � CROW WING COUNTY, STATE OF MINNESOTA ,I <br /> RESOLUTION 17-42 <br /> RESOLUTION RELATING TO THE TERMINATION OF TAX INCREMENT DISTRICT <br /> NO. 1-9 AND DIRECTING DECERTIFICATION THEREOF BY THE COUNTY <br /> AUDITOR <br /> WHEREAS, by adoption of a resolution on September 21, 1999 the City of Pequot <br /> Lakes, Minnesota (the "City") has heretofore created Tax Increment Financing <br /> (Redevelopment) District No. 1-9 (the "District"), and has approved a Tax Increment <br /> Financing Plan (the "TIF Plan"), for the district; and <br /> WHEREAS, the County Auditor of Crow Wing County has certified the original net tax <br /> capacity and the original local tax rate of the District pursuant to the provisions of <br /> Minnesota Statutes, Section 469.177; and <br /> WHEREAS, as of the date hereof, the projects have been completed, all obligations to <br /> which tax increment from the District has been pledged have been paid in full or <br /> defeased, and the City has determined that it is in the best interests of the City to <br /> terminate and decertify the District. <br /> NOW, THEREFORE, BE IT RESOLVED by the City of Pequot Lakes, Minnesota that: <br /> � <br /> (1) Tax Increment Financing District No. 1-9 is hereby terminated as of <br /> December 31, 2017. <br /> (2) The City Administrator/Clerk shall provide a certified copy of this resolution to <br /> the County Auditor of Crow Wing County so that the District may be <br /> decertified on the books and records of the County Auditor with no further tax <br /> increment from the District being remitted to the City. <br /> Adopted by the City Council of the City of Pequot Lakes, Minnesota this 5th day of <br /> December, 2017. <br /> /C,������l i t.� ,��i�1���,,��1 <br /> Nan yc A Adams <br /> Mayor <br /> ATTEST: <br /> :/'c��-�. `'�� <br /> Nancy alecha <br /> � City Administrator/Clerk <br />