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MUNICIPAL ACTION TAKEN <br />Based upon the statutory authority described in the <br />Development Program attached hereto, the public purpose <br />findings by the City Council and for the purpose of fulfilling <br />the City's development objectives as set forth in the <br />Development Program, the City Council has created, established <br />and designated Development District No. 2 pursuant to and in <br />accordance with the requirements of Minnesota Statutes, <br />Section 469.126. <br />The following municipal action is proposed to be taken in <br />connection therewith: <br />February 14, 1990: The Development Program for <br />Development District No. 2 was adopted by the City Council. <br />The following municipal action is proposed to be taken <br />with regard to the tax increment financing districts <br />comprising portions of Development District No. 2: <br />Febraury 14, 1990: The Tax Increment Financing Plan for <br />Tax Increment Financing District No. 2 -1 was adopted by the <br />City Council. <br />Page 7 <br />