HomeMy Public PortalAbout1988-017CITY OF MEDINQA
RESOLUTION NO. v e57-
7
RESOLUTION OPPOSING PROPOSED
AMENDMENTS TO THE MINNESOTA
TAX INCREMENT FINANCING ACT
WHEREAS, a bill (Bill) has been introduced in the Minnesota legislature
to modify Minnesota Statutes, Section 469.174 through 469.179 (Tax Increment
Financing Act); and
WHEREAS, the Bill contains provisions which could impair the City's
efforts to encourage development; and
WHEREAS, the Bill would leave the cities of Minnesota, which are the
primary governmental entities responsible for economic development, with fewer
tools to prevent the flight of capital and human resources from the state.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Medina
that Medina is on record in support of the Tax Increment Financing legislation
as it presently exists.
Dated: / / /a, c c,/, / s' , 1988
"2;
om s R. Ande on, Mayor
ATTEST:
Donna Roehl, City Clerk -Treasurer