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CITY OF PEQUOT LAKES <br /> CROW WING COUNTY <br /> STATE OF MINNESOTA <br /> RESOLUTION 15-30 <br /> A RESOLUTION RELATING TO THE TERMINATION OF TAX INCREMENT <br /> DISTRICT NO. 1-7 AND DIRECTING DECERTIFICATION THEREOF BY THE <br /> COUNTY AUDITOR <br /> WHEREAS, by adoption of a resolution on March 7, 2000 the City of Pequot <br /> Lakes, Minnesota (the "City") has heretofore created Tax Increment Financing District <br /> No. 1-7 (the "District"), and has approved a Tax Increment Financing Plan (the "TIF- <br /> Plan") , for the district; and <br /> WHEREAS, the County Auditor of Crow Wing County has certified the original <br /> net tax 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 <br /> obligations to which tax increment from the District has been pledged have been paid in <br /> full or 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 COUNCIL OF PEQUOT <br /> LAKES, MINNESOTA that: <br /> (1) Tax Increment Financing District No. 1-7 is hereby terminated as of <br /> December 31, 2015. <br /> (2) The Clerk shall provide a certified copy of this resolution to the County Auditor <br /> of Crow Wing County so that the District may be decertified on the books and <br /> records of the County Auditor with no further tax increment from the District <br /> being remitted to the City. <br /> Whereupon said resolution was declared duly passed and adopted, and was signed by <br /> the Mayor and attested to by the City Administrator/Clerk. <br /> Dated: November 3, 2015 A"�) <br /> David Sjoblad, May <br /> ATTEST: <br /> Nancy Ma echa, Co Administrator/Clerk <br />