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• <br /> RESOLUTION NO. 5/1 O <br /> • MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION APPROVING MODIFICATION OF THE <br /> PROJECT PLAN FOR THE MOUNDS VIEW ECONOMIC <br /> DEVELOPMENT PROJECT AND APPROVING THE TAX <br /> INCREMENT FINANCING PLAN FOR TAX INCREMENT <br /> FINANCING DISTRICT NO. 4 <br /> Section 1. Recitals. <br /> 1.01. The Mounds View Economic Development Authority ("EDA") coy Airlated <br /> Development Districts No. 1, 2, and 3, control of which was transferred to the EDA L City <br /> of Mounds View ("City"), pursuant to Minn. Stat., Sections 469.090 through 469.1 08, thereby <br /> establishing the Mounds View Economic Development Project("Project"), and adopted a project <br /> plan therefor ("Project Plan"). <br /> • 1.02. The EDA has determined a need to modify the Project Plan pursuant to Minn. <br /> Stat., Sections 469.124 through 469.134 ("Development District Act") and Minn. Stat., Sections <br /> 469.001 to 469.047 ("HRA Act") and to that end has caused to be prepared a.document entitled <br /> "Modification No. 1 to the Mounds View Economic Development Project" dated April 14, 1997 <br /> ("Project Plan Modification"). <br /> 1.02. The EDA has determined a need to establish Tax Increment Financing District No. <br /> 4 ("TIF District No. 4") and to adopt a Tax Increment Financing Plan ("TIF Plan') therefor, <br /> pursuant to Minn. Stat_, Sections 469.101 through 469.1081 and Minn. Stat, Sections 469.174 <br /> through 469.179 ("TIF Act") and to that end has caused to be prepared a document <br /> Increment Financing Plan for Redevelopment Tax Increment Financing District No. 4," dated <br /> April 14, 1997. <br /> 1.03. The Project Plan Modification and the TIF Plan were referred to the Mounds View <br /> Planning Commission, which determined that they conform to the general plan for the <br /> development of the City as a whole. <br /> 1.04. Estimates of the fiscal and economic implications of the TIF Plan were presented <br /> to Independent School District 4621 and the Ramsey County Board before the public hearing on <br /> the TIF Plan in accordance with the TIF Act. The county commissioner representing the area <br /> including the TIF District was also duly notified in accordance with the TIP Act. <br /> 111 1.05. The EDA has fully reviewed the contents of the TIF Plan and has conducted a <br /> public hearing thereon, at which the views of all interested persons were heard. <br /> DJG.201S5 <br /> MD205-4 <br /> 9/Z 39'dd OIEBGEEZt9"QI N3AV O 'S AC3NN3N'WO213 SS ' 40 G6-tt-2[dV <br />