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11.01 - TIF 1-9 Reassignment
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03-06-2012 Council Meeting
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11.01 - TIF 1-9 Reassignment
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�' Sta.ie means the State of Minnesota; <br />�... <br />� <br />Tax Increment Act means Minnesota Statutes, Sections 469.174 through 469.179, as <br />amended; <br />Tax Increment District means Tu� Increment Financing District No. 1-9 located <br />within the Development District, the description of wluch is set forth on Exhibit A attached <br />hereto, which was qualified as a redevelopment district under the Tax Increment Act; <br />Tax Increment Financins Plan means the tax increment financing plan approved for <br />the Tax Increment District by the City Council on September 21, 1999. <br />Tax Increment Note means the Tax Increment Revenue Note (Brett and Sarah Dale, <br />LLC Project) to be executed by the City and delivered to the Developer pursuant to <br />Article III hereof, a copy of which is attached hereto as E�iibit C; <br />T� Increments means the tax increments derived from the Development Property <br />which have been received and retained by the City in accordance with the provisions of <br />Minnesota Statutes, Section 469.177; <br />�os�oao.3 3 <br />
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