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AGENDA ITEM 4B <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 3/24/97 <br />TOPIC: Resolution No. 97-07 adopting the modified Tax <br />Increment Financing Plan for TIF District No. 1-7 <br />BACKGROUND: <br />This modified plan authorizes the public assistance as outlined in the <br />development contract for Lino Lakes Business Center Phases 2, 3, 4, 5. Later <br />tonight the city council will hold a public hearing and consider the adoption of the <br />modified plan. <br />OPTIONS: <br />1. Adopt Resolution No. 96-07 for the modification of the Tax Increment <br />Financing Plan for TIF District No. 1-7 <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />