2000-033 CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2000-033
RESOLUTION REVISING TAX INCREMENT POLICY
TO INCLUDE TAX ABATEMENT
WHEREAS, the City of Hopkins, by Resolution 88-72, adopted a tax increment policy;
WHEREAS, Minnesota Statute, Section 469.1812 to 469.1815, allows governing bodies of
Minnesota political subdivisions to grant abatements of tax imposed by political subdivisions on
a parcel of property or defer the payments of taxes and abate the interest and penalty that other-
wise would apply;
WHEREAS, the City of Hopkins desires to utilize property tax abatement from time to time
to assist development/redevelopment projects;
WHEREAS, the City of Hopkins desires to establish specific criteria with which to review
requests for the use of property tax abatement.
NOW, THEREFORE, BE IT RESOLVED by the City of Hopkins that the document enti-
tled "City of Hopkins Tax Increment Policy" be revised to incorporate language for the review of
a request for property tax abatement.
BE IT FURTHER RESOLVED by the City of Hopkins that staff of the City of Hopkins is
authorized to revise such plan from time to time to ensure compliance with legislative changes.
Adopted this 20th day of June 2000.
Eugene J. Maxwell, Mayor
Terry O~rmaier, City Clerk