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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> 411 COUNTY OF SHERBURNE <br /> STATE OF MINNESOTA <br /> RESOLUTION 96-5 <br /> BEING A RESOLUTION APPROVING THE DECERTIFICATION OF <br /> TAX INCREMENT FINANCING DISTRICT NO. 13 IN THE CITY OF <br /> ELK RIVER. <br /> WHEREAS, in 1995, the Elk River Economic Development Authority <br /> ("the authority") created its Tax Increment Financing District No. 13 ("the <br /> district") within its Development District No. 1; and <br /> WHEREAS, the authority desires by this resolution to cause the <br /> decertification of the district after which all property taxes generated by <br /> property within the district will be distributed in the same manner as all <br /> other property taxes. <br /> NOW THEREFORE, BE IT RESOLVED by the board of <br /> commissioners of the Elk River Economic Development Authority that the <br /> authority's staff shall take such action as is necessary to cause the County <br /> IDAuditor of Sherburne County to decertify the district as a tax increment <br /> district and to no longer remit tax increment from the district to the <br /> authority. <br /> DATED: September 9, 1996 <br /> cAdur <br /> effre'1 i,ngoll, P -s dent <br /> ATT ' 111" <br /> 11 <br /> Paul T. Steinman, Executive Director <br /> s:\eda\document\resoluti\desert 13.doc <br /> • <br />