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RESOLUTION 96- t ~o <br /> <br /> A RESOLUTION OF THE CITY OF ELK RIVER <br /> <br />A RESOLUTION MODIFYING TAX INCREMENT FINANCING <br /> DISTRICTS NO. 6 AND NO. $ <br /> <br />WHEREAS, The City has previously adopted Tax Increment Financing <br /> Districts No. 6 and Nc. 8; and <br /> <br />WHEREAS, The City intends to modify the activities to be financed by the <br /> district without increasing the captured net tax capacity to be <br /> retained or increasing the estimated tax increment expenditures <br /> therefore eliminating the need for a formal plan modification as <br /> required by Minnesota Statutes Section 469.175, Subd. 4. <br /> <br />NOW, THEREFORE, BE IT RESOLVF. D by the City Council of the City of <br />Elk River that the attached Tax Increment Financing Plan modification for <br />Tax Increment Financing D:stricts No. 6 and No. 8 is hereby approved. <br /> <br />Passed and adopted by the City Council of the Cily of Elk River this 16th day <br />of December, 1996. <br /> <br />R~er Holmgr~, Vice <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />~Sa~dra Thackeray, City Clerk <br /> <br /> <br />