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EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY <br />OF FALCON HEIGHTS, MINNESOTA <br />HELD: JUNE 26, 1985 <br />Pursuant to due call and notice thereof, a regular <br />meeting of the City Council of the City of Falcon Heights, <br />Ramsey County, Minnesota, was duly held on the 26th day of <br />June, 1985 at ;lp p.m. and 7:15 <br />p.m. <br />The following members of the Council were present: <br />Mayor Eggert, Councilmembers Bard, Ciernia, and Chenoweth <br />and the following were absent: Councilmember Baldwin <br />Member Eggert introduced the following <br />resolution and moved its adoption: <br />• R-85- 32 <br />RESOLUTION CALLING FOR PUBLIC HEARING <br />ON THE REDUCTION OF ECONOMIC DEVELOPMENT <br />DISTRICT NO. 1 WITHIN DEVELOPMENT DISTRICT NO. 1 <br />AND THE CREATION OF TAX INCREMENT FINANCING DISTRICT <br />NO. 1-3 WITHIN DEVELOPMENT DISTRICT NO. 1 <br />WHEREAS: <br />The City of Falcon Heights has heretofore formed <br />Development District No. 1 and Economic Development District <br />No. 1 within Development District No. 1 in the City. It has <br />been proposed that the City (i) modify Economic Development <br />modifyctheoexistingetaxeincrementlfinancin parcel therefrom and <br />g plan accordingly <br />and (ii) establish a new Tax Increment Financing District No. <br />1-3 within Development District No. 1 and adopt a tax increment <br />• <br />