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<br />C. The Act requires that prior to formation of such <br />a tax increment financing district the City Council shall <br />• provide a reasonable opportunity to members of the County Board <br />of Commissioners of the County of Ramsey and the members of the <br />School Board of Independent School District No. 623 and the <br />members of the. School Board of Special Intermediate School <br />District No. 916 to meet with the City Council and~that the <br />City Council shall fully inform the members of the County Board <br />and School Board of the. fiscal and economic implications of the <br />proposed development district; <br />D. The City Council invites the County Board and <br />School Board to review and comment on the tax increment <br />financing district and tax increment financing plan at the <br />public hearing to be held thereon; <br />• <br />E. The Act further requires that prior to the <br />formation of a tax increment financing district and adoption of <br />a tax increment financing plan a public hearing shall be held <br />thereon; <br />NOVA THEREFORE BE IT RESOLVED by the City Council of <br />the. City of Falcon Heights as follows: <br />1. The proposal. to be referred to the Planning <br />Commission to form a tax increment financing district within <br />Development District No. ?_ of the City of Falcon Heights and to <br />adopt a tax increment financing plan therefor is incorporated <br />herein by reference and given preliminary approval (subject to <br />the following modifications: Indicate any changes deemed <br />appropriate by the City Council). <br />2. The City Clerk is authorized and directed to make <br />available to each member of the County Board of Commissioners <br />of Ramsey County, the School Board of Independent School <br />District No. 623 and the School Board of Special Intermediate <br />School District No. 916 a copy of this resolution, together <br />with a copy of the proposal given preliminary approval herein, <br />and to invite each such member to meet with the City Council to <br />discuss said proposal on the 5th day of September, 1984, at <br />x:15 o'clock p.m. at the City Ha11. <br />3. A gublic hearing on said proposal will be held at <br />the time and glace set forth in the Notice of Hearing hereto <br />attached and incorporated herein by reference. The City Clerk <br />is authorized and directed to cause said Notice of Hearing to <br />• <br />