2009-048CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 2009-048
RESOLUTION APPROVING THE DECERTIFICATION OF TAX
INCREMENT FINANCING DISTRICT NO. 2 -10 OF THE CITY OF
HOPKINS
WHEREAS, on October 6, 1998, the City of Hopkins (the "City ") created its Tax Increment
Financing District No. 2 -10 ( "District No. ") within its Redevelopment Project No. 1 (the "Project "); and
WHEREAS, as of the date hereof all bonds and obligations to which tax increment from District
No.2 -10 have been pledged have been paid in full or defeased and all other costs of the Project have been
paid; and
WHEREAS, the City desires by this resolution to cause the decertification of District No.2 -10
after which all property taxes generated by property within the District will be distributed in the same
manner as all other property taxes.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Hopkins that the
City's staff shall take such action as is necessary to cause the County Auditor of Hennepin County to
decertify the District No. 2 -10 as a tax increment district and to no longer remit tax increment from the
District No.2 -10 to the City.
Adopted by the City Council of the City of Hopkins this 6 day of October 2009.
Terry Oba
(Seal)
aier, City Clerk