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18-31-22-42-0002 <br />currently within Tax Increment Financing District No. 1-7 be deleted from the <br />District and incorporated into a new tax increment financing district ("TIF District <br />No. 1-9") in order to offer developers assistance pursuant to Minnesota Statutes, <br />sections 469.174 through 469.179 ("The TIF Act"). <br />NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development <br />Authority (the "EDA") as follows: <br />1. Ehlers & Associates, Inc. is hereby authorized and directed to prepare a <br />modified program for Development District No. 1, a modified Plan for TIF <br />District No. 1-7 and a tax increment financing Plan for TIF District No. 1-9. <br />2. The executive director of the EDA is authorized and directed to schedule a <br />meeting on December 14, 1998 at 6 p.m. in the council chambers at city hall, <br />at which time the EDA will consider adoption of the modified Program for the <br />Development District the modified Plan for TIF District No. 1-7 and a Plan for <br />TIF District No.1-9. <br />3. The staff and consultants are authorized and directed to take any and all steps <br />necessary to bring the modified Program and the Plans before the EDA at the <br />December 14, 1998 meeting. <br />4. The City is urged to schedule a public hearing on the modified Program and the <br />Plans to be held as soon after consideration of these matters by the EDA as <br />reasonably possible. <br />Dated: October 26, 1998 <br />ATTEST: <br />