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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 18 -EDA -305 RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF MOUNDS VIEW CALL FOR A PUBLIC HEARING ON THE PROPOSED ADOPTION OF A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR THE MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-6 (A HOUSING DISTRICT) THEREIN AND THE ADOPTION OF A TAX INCRMENT FINANCING PLAN THEREFOR. BE IT RESOLVED, by the Board of Commissioners ('Board") of the Mounds View Economic Development Authority ('BDA") as follows: WHEREAS, the City Council ("Council') of the City of Mounds View, Minnesota ("City") established the Mounds View Economic Development Project pursuant to Minnesota Statutes, Sections 469.174 to 469.1794, inclusive, as amended, in an effort to encourage the development and redevelopment of certain designated areas within the City; and WHEREAS, the EDA is proposing a Modification to the Development Program for the Mounds View Economic Development Project and the establishment of Tax Increment Financing District No. 1-6 therein and the adoption of a Tax Increment Financing Plan therefor, all pursuant to, and in accordance with, Minnesota Statutes, Sections 469.174 to 469.1794 and Sections 469.090 to 469.1082, inclusive, as amended; NOW, THEREFORE BE IT RESOLVED by the Board as follows: 1. The EDA hereby requests that the Council call for a public hearing on March 12, 2018 to consider the proposed adoption of a Modification to the Development Program for the Mounds View Economic Development Project (the 'Development Program Modification") and the proposed adoption of a Tax Increment Financing Plan (the "TIF Plan") for Tax Increment Financing District No. 1-6 (the "TIF District'), a housing tax increment financing district, (the Development Program Modification and the TIF Plan are referred to collectively herein as the "Program Modification and TIF Plan") and cause notice of said public hearing to be given as required by law. 2. The EDA directs the Executive Director to transmit copies of the Program Modification and TIF Plan to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Program Modification and TIF Plan are in accordance with the Comprehensive Plan of the City, prior to the date of the public hearing. 3. The Executive Director of the EDA is hereby directed to submit a copy of the Program Modification and TIF Plan to the Council for its approval. 4. The EDA directs the Executive Director to transmit the Program Modification and TIF Plan to Ramsey County and Mounds View School District No. 621, in which the TIF District is located, not later than February 9, 2018.