By Aberdeen Insider - January 2, 2025 in CITY OF ABERDEEN
RESOLUTION NO. 24-12-04R
RESOLUTION TO DISSOLVE TAX INCREMENT FINANCING DISTRICT #18
AND ALLOCATE REMAINING FUNDS
WHEREAS, the City Council of the City of Aberdeen, South Dakota, on March 4, 2013, created by resolution Tax Increment Financing District Number 18 of the City of Aberdeen with boundaries designated as follows:
Lots 1, 2 ,3 4 and 5, Arbor Springs Second Addition to the City of Aberdeen, South Dakota.
WHEREAS, the creation of said Tax Increment District did significantly enhance the value of substantially all real property within the District and immediately adjacent thereto; and
WHEREAS, all project costs have been paid and the City has been completely repaid for all funding provided to the project;
NOW, THEREFORE, BE IT RESOLVED that Tax Incremental Financing District Number 18 be dissolved in accordance with South Dakota Codified Law (SDCL) 11-9-46 and any monies remaining be allocated as specified by SDCL 11-9-45.
The foregoing Resolution was considered at a regular meeting of the City Council on the 23rd day of December, 2024, and upon Roll Call vote the Resolution was adopted. Number of AYES: 9, Number of NAYS: 0, Members Abstaining: None /s/ Travis Schaunaman, Mayor, ATTEST: /s/ Jordan McQuillen, Finance Officer
Published once on January 2, 2025, at the total approximate cost of $14.56 and may be viewed free of charge at www.sdpublicnotices.com and www.aberdeeninsider.com