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• RESOULTION 99 - 3 <br /> CITY OF ELK RIVER <br /> COUNTY OF SHERBURNE <br /> STATE OF MINNESOTA <br /> RESOLUTION DECERTIFYING TAX INCREMENT FINANCING <br /> DISTRICT NO. 18 WITHIN DEVELOPMENT DISTRICT NO. 1 IN THE <br /> CITY OF ELK RIVER <br /> BE IT RESOLVED, by the Economic Development Authority of the City of <br /> Elk River, Minnesota as follows: <br /> WHEREAS,the EDA created Tax Increment Financing District No. 18 in <br /> 1998; and, <br /> WHEREAS, TIF District No. 18 is not necessary as a financing mechanism of <br /> proposed Morrell project; and, <br /> WHEREAS, the continuance of TIF District No. 18 serves no public or <br /> private purpose. <br /> • THERFORE, BE IT RESOLVED by the EDA of the City of Elk River as <br /> follows: <br /> I. That TIF District No. 18 shall be decertified on December 31, 1999. <br /> II. That the EDA of the City of Elk River hereby directs staff to <br /> take necessary step to decertify TIF District No.18 including <br /> providing notification to Sherburne County and the Minnesota <br /> State Auditor's Office. <br /> Passed and adopted by the EDA of the City of Elk River this 9th day of <br /> August, 1999. <br /> r <br /> Ai& <br /> Patrick Dwyer, ED8 President <br /> ATT,01150, <br /> • Paul T. Steinman, Executive Director <br />