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CITY OF LITTLE CANADA <br />RAMSEY COUNTY <br />STATE OF MINNESOTA <br /> <br /> <br />Council member ______________________ introduced the following resolution and moved its adoption: <br /> <br /> <br />RESOLUTION NO. _____________ <br /> <br />RESOLUTION ESTABLISHING DEVELOPMENT DISTRICT NO. 7 AND <br />ADOPTING A DEVELOPMENT PROGRAM THEREFOR; AND <br />ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 7-1 THEREIN <br />AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR. <br /> <br /> BE IT RESOLVED by the City Council (the "Council") of the City of Little Canada, Minnesota <br />(the "City"), as follows: <br /> <br />Section 1. Recitals <br /> <br /> 1.01. It has been proposed by the City Council of the City of Little Canada (the "City") that the <br />City establish Development District No. 7 (the "Development District") and adopt a Development <br />Program (the "Development Program") therefor and establish Tax Increment Financing District No. 7-1 <br />(the "TIF District") therein and adopt a Tax Increment Financing Plan (the "TIF Plan") therefor (the <br />Development Program and the TIF Plan are referred to collectively herein as the "Program and Plan"); all <br />pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.124 to <br />469.133 and Sections 469.174 to 469.1794, all inclusive, as amended, (the "Act") all as reflected in the <br />Program and Plan, and presented for the Council's consideration. <br /> <br /> 1.02. The City has investigated the facts relating to the Program and Plan and has caused the <br />Program and Plan to be prepared. <br /> <br /> 1.03. The City has performed all actions required by law to be performed prior to the <br />establishment of the TIF District and the adoption and approval of the proposed Program and Plan, <br />including, but not limited to, notification of Ramsey County and Independent School District No. 623 <br />having taxing jurisdiction over the property to be included in the TIF District, a review of and written <br />comment on the Program and Plan by the City Planning Commission, and the holding of a public hearing <br />upon published notice as required by law. <br /> <br /> 1.04. Certain written reports (the ''Reports") relating to the Program and Plan and to the <br />activities contemplated therein have heretofore been prepared by staff and consultants and submitted to <br />the Council and/or made a part of the City files and proceedings on the Program and Plan. The Reports, <br />including the redevelopment qualifications reports and planning documents, include data, information <br />and/or substantiation constituting or relating to the basis for the other findings and determinations made in <br />this resolution. The Council hereby confirms, ratifies and adopts the Reports, which are hereby <br />incorporated into and made as fully a part of this resolution to the same extent as if set forth in full herein. <br /> <br />Section 2. Findings for the Adoption and Approval of the Development Program. <br /> <br /> 2.01. The Council approves the Development Program, and specifically finds that: (a) the land <br />within the Development District would not be available for redevelopment without the financial aid to be