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in that the intent is to provide only that public assistance necessary to make the private developments <br />financially feasible. <br />3. Conditioned upon the approval thereof by the City Council following its public hearing <br />thereon, the Plans, as presented to the EDA on this date, are hereby approved, established and adopted and <br />shall be placed on file in the office of the City Administrator. <br />4. Upon approval of the Plans by the City Council, the staff, the EDA's advisors and legal <br />counsel are authorized and directed to proceed with the implementation of the Plans and for this purpose to <br />negotiate, draft, prepare and present to this Board for its consideration all further plans, resolutions, <br />documents and contracts necessary for this purpose. Approval of the Plans does not constitute approval of <br />any project or a Development Agreement with any developer. <br />5. Upon approval of the Plans by the City Council, the City Administrator is authorized and <br />directed to forward a copy of the Plans to the Minnesota Department of Revenue pursuant to Minnesota <br />Statutes 469.175, Subd. 4a. <br />6. The City Administrator is authorized and directed to forward a copy of the Plans to the <br />Ramsey County Auditor and request that the Auditor certify the original tax capacity of the District as <br />described in the Plans, all in accordance with Minnesota Statutes 469.177. <br />Approved by the Board of Commissioners of the Economic Development Authority of the City of <br />Little Canada this 9th day of July, 2002. <br />President <br />ATTEST: <br />Secretary <br />