Resolution No. 2021-15 Decertification of TIF Dist. No. 19
Resolution No. 2021-15
Decertification of Tax Increment Financing District No. 19
Whereas, the City of Fridley (City) established its Redevelopment Project No. 1 (Project Area) and
adopted a Redevelopment Plan relating thereto, pursuant to Minnesota Statutes, Sections 469.001
to 469.047, inclusive, as amended and supplemented from time to time; and
Whereas, on February 26, 2007, the creation of Tax Increment Financing District No. 19 (District
No. 19) and the adoption of a Tax Increment Financing Plan relating thereto was approved,
pursuant to Minnesota Statutes, Sections 469.01 to 469.047 and 469.174 to 469.1799, inclusive, as
amended and supplemented from time to time; and
Whereas, District No. 19 is located within the Project Area; and
Whereas, it has been determined that 2020 is the last year to receive tax increment and therefore
it is time to decertify District No. 19 as of December 31, 2020.
Now, therefore be it resolved, that effective December 31, 2020, the City Council of the City of
Fridley hereby approves the decertification of District No. 19 described above.
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Passed and adopted by the City Council of the City of Fridley this 8 day of March, 2021.
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Scott J. Lund – Mayor
ATTEST:
Daniel Tienter – City Clerk