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• <br />• <br />CITY OF LINO LAKES <br />PLANNING COMMISSION <br />RESOLUTION NO. 11 -01 <br />RESOLUTION FINDING MODIFIED DEVELOPMENT <br />PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE <br />MODIFIED TAX INCREMENT FINANCING PLAN FOR TAX <br />INCREMENT FINANCING DISTRICT NO. 1 -10 CONSISTENT <br />WITH THE PLANS FOR DEVELOPMENT OF THE CITY OF <br />LINO LAKES <br />WHEREAS, the City Council of the City of Lino Lakes has authorized preparation of a <br />modified Development Program (Program) for Development District No. 1 and a Tax Increment <br />Financing Plan (TIF Plan) for Tax Increment Financing District No. 1 -10 within that Development <br />District, and the modified Development Program and the modified TIF Plan have been submitted to <br />the Planning Commission for comment; and <br />WHEREAS, the Planning Commission has reviewed the modified Development Program <br />and the modified TIF Plan and have compared them with the plans for development of the City as a <br />whole. <br />NOW, THEREFORE, BE IT RESOLVED By the Planning Commission of the City of Lino <br />Lakes, Minnesota as follows: <br />1. The modified Program for Development District No. 1 and the modified TIF Plan for TIF <br />District No. 1 -10 are found to be consistent with the plans for development of the City of <br />Lino Lakes as a whole. <br />2. It is recommended that the City Council of the City of Lino Lakes hold the public hearing <br />required by law and adopt the modified Program and the modified TIF Plan. <br />Approved this 10th day of August, 2011, by the Planning Commission of the City of Lino <br />Lakes, Minnesota. <br />ATTEST: <br />Secretary <br />389545v1 SJB LN140 -80 <br />Chairperson <br />