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1 <br /> 3.05. The TIF Plan lbr TIP District No. 4 will afford maximum opportunity, consistent <br /> . with the sound needs of the City as a whole, for the development of the TIE District and the <br /> Project by private enterprise. <br /> 3.06. TIF District No. 4 is a redevelopment 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 /> 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 /> 3.08. Certain written reports(the "Reports")relating to the TIF Plan and to the activities • <br /> contemplated therein have heretofore been prepared by staff 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 herebyincorporated rporated 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 herebyincorporated rporated 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 /> 110 Section 4. Project Plan Modification and TIF Plan Adopted. <br /> 4.01. The Project Plan Modification and the TIF Plan are hereby approved and adopted <br /> and TIF District No. 4 is hereby established. <br /> 4.02. The geographic boundaries of TIE District <br /> No. 4 are described in the TIE Plan and <br /> are incorporated herein by reference. <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 <br /> to the Auditor of Ramsey County with a request that the Project <br /> riginal tax capacity the pn and roperty <br /> Plan <br /> within TIF District No. 4 be certified to the Countyonp �' pr perry <br /> subd. 1 of the <br /> TIF Act, and to file a copy of the Project Plan Modification and TIF Plan with the Minnesota <br /> Commissioner of Revenue as required by the TIE Act. <br /> . <br /> • <br /> . i <br /> DJG120I66 <br /> MOS-4 <br />