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Member f,�j,�i ut� introduced the following resolution and moved its <br />adoption <br />LINO LAKES PLANNING AND ZONING BOARD <br />RESOLUTION NO. <br />RESOLUTION REGARDING TAX INCREMENT <br />FINANCING PLAN FOR TAX INCREMENT <br />FINANCING DISTRICT NO, 1-5 <br />WHEREAS, the Lino Lakes City Council and Economic Development Authority <br />have authorized preparation of a tax increment financing plan (Plan) for the <br />proposed Tax Increment Financing District No. 1-5; and <br />WHEREAS, the Plan has been submitted to the Planning and Zoning Board for <br />its comment pursuant to Minnesota Statutes, Sections 469.174 to 469.179; and <br />WHEREAS, the Planning and Zoning Board has reviewed the Plan and compared <br />it with the City's comprehensive plan and other plans for development of the City. <br />NOW, THEREFORE, BE IT RESOLVED By the Planning and Zoning Board of <br />the City of Lino Lakes, Minnesota as follows: <br />1. The Plan for Tax Increment Financing District No. 1-5 is found to be <br />consistent with the plans for development of the City of Lino Lakes as a whole. <br />2. It is recommended that the City Council of the City of Lino Lakes hold the <br />