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Sherburne County <br />AUDITOR/TREASURER <br />DIANE ARNOLD <br />13880 Business CenterDrive <br />Elk River, MN 55330-4601 <br />763-241-2861111-800-438-05760 Fax: 763-241-2869 <br />Web: www.co.sherburnamn.us <br />September 3, 2008 <br />LoriJohnson <br />City of Elk River Administrator <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Dear Lori: <br />RE: TIF District 22 <br />Based upon the information we received on August 28`h, 2008 from Mr. Jason Nord with the <br />Department of Revenue and according to M.S. 469.177 subdivision 13. <br />For the correction of error on TIF 22 for assessment 2007 pay 2008, the TIF District 22 will <br />be corrected with the assessment 2008 pay 2009. Sherburne County Auditor will be utilizing <br />option number four (4) to adjust the tax rates of one or more of the taxing districts imposing <br />taxes in the tax increments financing district for one year to recoup amounts advanced by the <br />county to replace the reduced increments in the previous year. <br />We will be adding together the city, HRA and development district amounts together for a <br />single city correction amount and the county and RR authority amounts for a single county <br />adjustment, the school dist. 728 amount is not combined with any other district as noted in <br />Jason's e-mail that was forwarded to you. <br />In speaking with Jason Nord, since the error was done in one year, it should be recouped in <br />one year. I will be notifying school dist. 728 of this, as it does involve them as well. <br />Sincerely, <br />Diane Arnold <br />Sherburne County Auditor/Treasurer <br />cc: Brian Bensen — County Administrator <br />Lucy Botzek — County Deputy Administrator <br />Sue Richards — Property Tax Manager/Deputy Auditor/Treasurer <br />Tim Simon — Finance Director, City of Elk River <br />Jason Nord — Department of Revenue <br />Michelle Vargas — Manager of Finance School Dist. 728 <br />