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3.05. The TIF Plan for TIF District No. 4 will afford maximum 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 /> 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"Report?)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 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 PIan, 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 /> portion of the TIF Plan in which the facts supporting designation of the TIF District as a <br /> redevelopment district. <br /> • 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 TIF District No. 4 are described in the TIF 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 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. 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 TIF Act <br /> • <br /> ATC120166 <br /> MTJ206-4 <br /> 8/1. 30V 0tC8LEEZt92CI N3AVMD V ACaNN3}i2WO213 LS ' L0 49-tt-2ldtf <br />