2003-102
CITY OF HOPKINS
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION NO. 2003-102
RESOLUTION APPROVING SPECIAL LAW AUTHORIZING
EXTENSION OF THE DURATION OF TAX INCREMENT
FINANCING DISTRICT NO. 2-11 AND EXTENDING THE FIVE YEAR RULE
Section 1.
Recitals.
WHEREAS, the 2003 Minnesota Legislature enacted a special law, Laws of Minnesota
2003, Chapter 127, Article 10, Section 31, (being Senate File No. 1505) (the "Special Law")
providing that the City of Hopkins rnay extend the duration of Tax Increment District No.2-II (the
"TIF District") for an additional four years and extending the tirne to undertake activities pursuant to
Minnesota Statutes, section 469.1763, subd. 3, to a date nine years from certification of the TIF
District.
WHEREAS, pursuant to Minnesota Statutes, Section 645.021, the Special Law is not
effective without a resolution adopted by majority vote of all members of the governing bodies of
the local government units affected and by filing with the Secretary of State a certificate required by
statute.
WHEREAS, pursuant to Minnesota Statutes, Section 469.1782, for the purpose of special
laws extending the duration of a tax increment financing district, the affected local governing units
include the City, the County of Hennepin (the "County"), and Independent School District 270 (the
"School District").
WHEREAS, the Special Law specifically provides that subdivision 1 of the Special Law,
extending the duration of the TIF District, is effective upon compliance with the provisions of
Minnesota Statutes, section 469.1782, subd. 2 and section 645.021, and that subdivision 2 of the
Special Law is effective upon compliance with Minnesota Statutes, section 645.021.
WHEREAS, the City deems the Special Law to be in the best interests of the residents of
the City.
NOW, THEREFORE, be it resolved by the City Council ofthe City of Hopkins that:
1. The Special Law is approved and, upon certification of all other necessary
approvals, tax increment may be collected from the TIF District as provided for in the Special Law.
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2. The City staff is authorized and directed to file with the Secretary of State, upon
receipt of the appropriate resolutions from the County and the School Board, a certificate stating the
essential facts necessary for valid approval, including a copy of the resolution of approval by the
City Council. The form of this certificate shall be consistent with that prescribed by the Attorney
General for this purpose.
Approved by the City Council of the City of Hopkins this 2nd day of December 2003.
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