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• CITY OF FALCON HEIGHTS RAMSEY COUNTY STATE OF 1VIII~TNESOTA Council member Lindstrom introduced the following resolution and moved its adoption: RESOLUTION NO.Ol-24 RESOLUTION ADOPTING THE MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1; AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 1-3 WITHIN DEVELOPMENT DISTRICT NO. 1 AND ADOPTING THE TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED by the City Council (the "Council") of the City of Falcon Heights, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City Council (the "Council") of the City of Falcon Heights (the City") has heretofore established Development District No. 1 and adopted the Development Program therefor. It has been proposed that the City modify the Development Program for Development District No. 1 and establish • Tax Increment Financing District No. 1-3 (the "District") therein and adopt a Tax Increment Financing Plan therefor (collectively, the "Program Modification and Plan"); all pursuant to and in conformity with applicable law, including Minnesota Statutes, 469.124 through 469.134 and 469.174 through 469.179, all inclusive, as amended, (the "Act") all as reflected in the Program Modification and Plan, and presented for the Council's consideration. 1.02. The City has investigated the facts relating to the Program Modification and Plan and has caused the Program Modification and Plan to be prepared. 1.03. The City has performed all actions required by law to be performed prior to the proposed establishment of the District and the proposed adoption and approval of the Program Modification and Plan, including, but not limited to, notification of Ramsey County and Independent School District No. 623 having taxing jurisdiction over the property to be included in the District, a review of and approval by resolution on the Program Modification and Plan by the City Planning Commission, and the holding of a public hearing upon published notice as required by law. 1.04. Certain written reports (the "Reports") relating to the Program Modification and Plan and to the activities contemplated therein have heretofore been prepared by staff and submitted to the Council and/or made a part of the City files and proceedings on the Program Modification and Plan. The Reports include data, information and/or substantiation constituting or relating to the bases for the other findings and determinations made in this resolution. The Council hereby confirms, ratifies and adopts the Reports, which are hereby incorporated into and made as fully a part of this resolution to the same extent as if set forth in full herein. • 1.05 The City is not modifying the boundaries of Development District No. 1.