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575E <br />EXTRACT OF MINUTES OF A MEETING <br />OF THE CITY COUNCIL OF THE CITY <br />OF LITTLE CANADA, MINNESOTA <br />HELD: February 14, 1990 <br />Pursuant to due call and notice thereof, a regular <br />meeting of the City Council of the City of Little Canada, <br />Ramsey County, Minnesota, was duly held on the 14th day of <br />February, 1990, at o'clock .m. <br />The following members of the Council were present: <br />and the following were absent: <br />Member introduced the <br />following resolution and moved its adoption: <br />RESOLUTION APPROVING THE ESTABLISHMENT OF <br />DEVELOPMENT DISTRICT NO. 2 AND THE DEVELOPMENT <br />PROGRAM RELATING THERETO, AND ESTABLISHING <br />TAX INCREMENT FINANCING DISTRICT NO. 2 -1 <br />AND THE TAX INCREMENT FINANCING PLAN <br />RELATING THERETO <br />WHEREAS: <br />A. It has been proposed that the City of Little Canada <br />create Development District No. 2 and adopt a development <br />program with respect thereto, and create Tax Increment <br />Financing District No. 2 -1 within Development District No. 2 <br />and adopt a tax increment financing plan with respect thereto <br />under the provisions of Minnesota Statutes, Sections 469.124 <br />to 469.134 and 469.174 to 469.179 (collectively the "Act "); <br />B. The Council has investigated the facts and has caused <br />to be prepared a development program and tax increment financ- <br />ing plan for Development District No. 2, and has caused to be <br />prepared a proposed tax increment financing plan for Tax <br />Increment Financing District No. 2 -1. <br />1 <br />