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Forest Lake council approves early TIF decertification, franchise fee increases, fee‑schedule changes, donation acceptance and settlement agreement
Summary
Council approved decertifying the Cherrywood and Centennial TIF districts (adding an estimated $217,729 of net tax capacity), adopted two ordinances to raise gas and electric franchise fees, updated the fee schedule to add a $10,000 final‑plan review escrow, accepted a $15,000 donation to the senior center, and approved an administrative citation
The Forest Lake City Council approved a package of budget and code actions at its regular meeting, including decertification of two tax increment financing (TIF) districts, ordinance changes to increase franchise fees, an update to the city fee schedule, acceptance of a private donation to the senior center, and an administrative citation settlement.
TIF decertification: Finance staff explained tax increment financing and said Cherrywood and Centennial TIF districts have met their obligations earlier than modeled. The council approved a resolution to decertify those districts and transfer TIF funds to pay an intra‑fund loan, which staff estimated would increase the city’s net tax capacity by about $217,729 for pay 2026. Staff said that decertifying the TIFs expands the city’s tax base and that the…
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