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. . . CITY OF MOUNDS VIEW RAMSEY COUNT\:' STATE OF MINN ESOT A Council member Marty introduced the following resolution and moved its adoption: RESOLUTION NO. 5484 RESOLUTION ADOPTING CLAIUFICATIOl\"S OF l'lUOR BUDGETS AND l\:lODlFICA TIOl\"S TO THE TAX Il\"CRK\IENT FI~ANCIl\"G I'LA~S FOR TAX INCREMENT FINAl\"CING DISTRICTS NOS. 1,2 AND 3, WITHIN THE l\10Cl\'"DS VlEWECONOMIC DEVELOPJ\lENT PRO.JECT AREA AND ADOI'TIl\"G THE MODIFICATION TO THE TAX INCREMENT FIl\"ANCI1'\G PLAl\" THEREFORE. BE IT RESOLVED by the City Council (the "Council") of the City of Mounds View, Minnesota (the "City"), as follows: Section I. Recitals. 1.01. The Council has heretofore established Mounds View Economic Development Project Area and adopted the Development Program therefore and established Tax Increment Financing Districts Nos. 1, 2 and 3 and adopted the Tax Increment Financing Plan therefore. It has been proposed that the City restate and conf'irm prior budgets and adopt Modifications to the Tax Increment Financing Plans (the "Modifications") for Tax Increment Financing Districts Nos. 1.2 and 3 (thc "District"), all pursuant to and in conformity with applicable law, including Minnesota Statutes, 469.090 through 469.1081, and Sections 469.174 to 469.179, inclusive as amended (the "Act"), all as reflected in the Modifications, and presented for the Council's consideration. 1.02. The Council has investigated the facts related to the Clarifications and Modifications and has caused the Modifications to be prepared. 1.03. The City has performed all actions required by law to be performed prior to the adoption and approval of the proposed Ylodifications. including, but not limited to, notification of Ramsey County and Independent School District No. 621 having taxing jurisdiction over the property included in the District and the holding of a public hearing upon published notice as required by law. 1.04. The City is not modifying the boundaries of Mounds View Economic Development Project Area. 1.05. The City is not modifying the boundaries nor term of the Districts. Section 2. Findings for the Tax Increment Plan Modification 2.01. The Council hereby reaffirms the original findings for the District, namely that the when the District were established, they were established as "redevelopment districts" under Minnesota Statutes, Section 469.174, subd. 10 (a)( I). In addition, the City makes the following findings: (n) The Modifications conform to the general plan for development or