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Member Reinert adoption: introduced the following resolution and moved its CITY OF LINO LAKES RESOLUTION NO. 10-90 RESOLUTION ADOPTING A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-4 BE IT RESOLVED By the City Council (the Council) of the City of Lino Lakes, Minnesota (the City) as follows: Section 1. Recitals. 1.01. On January 26, 1987, the City adopted a Development Program for Development District No. 1, pursuant to and in accordance with Minnesota Statutes Section 469.124 through 469.134. 1.02. Since 1987, the City has established three tax increment financing district within Development District No. 1 pursuant to the provisions of Minnesota Statutes Section 469.174 through 469.179. 1.03. It has been proposed that the City establish an additional tax increment district to assist several new projects within Development District No. 1. 1.04. The Council has investigated the facts and has caused to be prepared a Tax Increment Financing Plan (Plan) for Tax Increment Financing District No. 1- 4 describing the assistance to be provided to the developers of the new projects. 1.05. The City has performed all actions required by law to be performed prior to the adoption of the Plan, including, but not limited to, notification of Anoka County and Independent School District Nos. 831 and 12; a review by the planning and zoning board of the Plan for its consistency with the general plans for development of the City; and holding a public hearing regarding the Plan upon such notice as is required by law. 1.06. The Plan is contained in a document entitled "Tax Increment Financing Plan, Tax Increment Financing District No. 1-4, City of Lino Lakes, Minnesota" dated March 26,1990, and on file in the office of the City Ad ministrator. 1.07. The City Council has fully reviewed the contents of the Plan and has on this date conducted a public hearing thereon at which the views of all interested persons were heard.