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• <br />• <br />LINO LAKES PLANNING AND ZONING BOARD <br />RESOLUTION NO. 03 -01 <br />RESOLUTION REGARDING THE MODIFICATION OF DEVELOPMENT DISTRICT <br />NO. 1 AND ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1 -10 <br />WHEREAS, the Lino Lakes Economic Development Authority (the "EDA ") has <br />authorized preparation of a Modified Program (the "Program ") for Development District <br />No. 1 (the "District "), and a Plan for establishment of Tax Increment Financing District No. <br />1 -10 within the District (the "Plan "); and <br />WHEREAS, the Lino Lakes City Council (the "City Council ") called for a public <br />hearing to be held at 6:30 p.m. on Monday, August 11, 2003; <br />WHEREAS, the Program and the Plan have been submitted to the Planning and <br />Zoning Board for its comment pursuant to Minnesota Statutes, Sections 469.124 to <br />469.134: and <br />WHEREAS, the Planning and Zoning Board has reviewed the Program and the <br />Plan and compared it with the City's comprehensive plan and other plans for development <br />for the City. <br />NOW, THEREFORE, BE IT RESOLVED by the Planning and Zoning Board of the City of <br />Lino Lakes, Minnesota as follows: <br />1. The modified Program for the District and the establishment of TIF District No. <br />1 -10 is found to be consistent with the plans for development of the City of Lino <br />Lakes as a whole. <br />2. It is recommended that the City Council and the EDA take the action necessary to <br />adopt the Program and the Plan. <br />• Dated: July 9, 2003 <br />