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Saint Peter council decertifies two TIF districts, removes parcels from Nicollet Meadows TIF
Summary
The City Council approved resolutions to decertify two tax-increment financing districts (1‑15 and 1‑22) and to remove parcels from District 1‑10 (Nicollet Meadows). Staff said the actions will return revenue to the tax rolls and modestly reduce the city tax rate.
Saint Peter’s City Council on Feb. 9 approved resolutions to decertify two tax-increment financing (TIF) districts and to remove exhausted parcels from a third district, actions staff said will return money to the tax rolls and slightly lower the city’s tax rate.
City administrator Todd told the council the first two resolutions — to decertify TIF District No. 1‑15 (Washington Terrace) and No. 1‑22 (the Mary’s Flowers…
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