98-051 - 05-19 Approve Special Legislation Valley Square TIF DistrictResolution 98-51
May 19, 1998
Member Bakken introduced the following resolution and moved its adoption:
RESOLUTION FOR APPROVAL OF SPECIAL LEGISLATION
RELATING TO VALLEY SQUARE TIF DISTRICT
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota (the
City), that Laws 1998, Chapter 389, Article 11, Section 14, relating to the extension of time
for the collection of certain tax increments from the Valley Square Tax Increment Financing
District, is hereby accepted and approved. Pursuant to Minnesota Statutes, Section
469.1782, subdivision 1, the City elects the reduction in state tax increment financing aid
referenced in clause (2) of said subdivision 1. A copy of this resolution shall be filed in the
office of the Secretary of State in accordance with the provisions of Minnesota Statues,
Section 469.1782, subdivision 2(b) together with the form prescribed by the Secretary of
State's office.
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Mary E. Oderson, Mayor
ATTEST:
~Shirley J. N, Isdn, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Johnson
and upon a vote being taken thereon, the following voted in favor thereof: Anderson,
Bakken, Johnson, LeSuer and Micks; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and her signature attested by the City Clerk.