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Council approves early decertification of Cherrywood and Centennial TIF districts to return tax capacity
Forest Lake City Council · November 10, 2025
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Summary
The council voted to decertify two TIF districts (Cherrywood and Centennial), which staff said will return an estimated $217,729 in net tax capacity to Forest Lake and was already reflected in preliminary levy calculations.
The Forest Lake City Council approved a resolution to decertify the Cherrywood and Centennial tax increment financing (TIF) districts after a staff presentation explaining the fiscal effect.
Ellie, finance staff, told the council that decertifying the two districts would increase the city's net tax capacity by roughly $217,729…
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