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<br />. <br /> <br />. <br /> <br />e <br /> <br />3.05. The TIP Plan tor TTF District No.4 will afford maximulll opportunity, consistent <br />with the sound needs of the City as a whole, for the development of the TIF District and the <br />Project by private enterprise. <br /> <br />3.06. TIP District No.4 is a redevelopm.ent district under Section 469.174, subd. 10 of <br />the TIF Act, based on the findings described in the TIF Plan, which are incorporated herein by <br />reference. <br /> <br />3.07. The City hereby elects to make a qualifying local contribution with respect to TIF <br />District No. 4~ and thus anticipates that TIF District No.4 will be exempt from state aid losses <br />pursuant to Minnesota Statutes, Section 273.1399, subd. 6(d). <br /> <br />3.08. Certain written reports (the "Reports") relating to the TIP Plan and to the activities . <br />contemplated therein have heretofore been prepared by statT and submitted to the City .and/or <br />made a part of the City files and proceedings on the TIF Plan. The City hereby confirms, ratifies <br />and adopts the Reports, which are hereby incorporated into and made as fully a part of this <br />resolution to the same extent as if set forth in full herein. The City additionally hereby confirms, <br />ratifies and adopts the TIF Plan, which is hereby incorporated into and made as fully a part of <br />this resolution to the same extent as if set forth in full herein, including. without limitation, the <br />. . <br />portion of the TIF Plan in which the facts supporting designation of the TIF District as a <br />redevelopment district. <br /> <br />Section 4. Project Plan Modification and TIF Plan Adonted. <br /> <br />4.01. The Project Plan Modification and the TIP Plan are hereby approved and adopted <br />and TrF District No. 4 is hereby established. <br /> <br />4.02. The geographic boundaries of TIF District No.4 are described in the TIF Plan and <br />are incorporated herein by reference. <br /> <br />4.03. The City Clerk Administrator is authorized and directed to transmit a certified copy <br />of this resolution together with a certified copy of the Project Plan Modification and TIF Plan <br />to the Auditor of Ramsey County with a request that the original tax capacity of the property <br />within TIF District No. 4 be certified to the County pursuant to Section 469.177, subd. ) of the <br />TlF Act. and to file a copy of the Project Plan Modification and TIP Plan with the Minnesota <br />Commissioner of Revenue as required by the TIF Act. <br /> <br />DJGJ.2016' <br />H!J20S-4 <br />