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CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. 4564 <br /> RESOLUTION APPROVING ECONOMIC DEVELOPMENT PROJECT <br /> AND TAX INCREMENT FINANCING AMENDMENTS <br /> BE IT RESOLVED by the City Council (the "Council") of the <br /> City of Mounds View, Minnesota (the "City") , as follows: <br /> Section 1. Recitals. <br /> 1. 01. It has been proposed by the Mounds View Economic <br /> Development Authority (the "EDA") that the EDA enlarge its <br /> Development District Nos. 1, 2 and 3 (the "Development <br /> Districts") in order to integrate and make coterminous their <br /> boundaries and areas; designate said integrated areas as the <br /> Mounds View Economic Development Project; amend the respective <br /> Development Programs for the Development Districts to integrate <br /> and expand their goals, objectives, activities, and budgets into <br /> a single plan for the development and redevelopment of the <br /> consolidated project areas; designate said consolidated <br /> development program as the Project Plan; and amend the tax <br /> increment financing plans for the tax increment financing <br /> districts heretofore established within the Development <br /> Districts, respectively, to reflect increased development goals, <br /> activities, expenses and bonded indebtedness; all pursuant to <br /> Minnesota Statutes, Sections 469 . 001 through 469 . 047, 469 . 090 <br /> through 469 . 108 , 469 . 124 through 469 . 134, and 469 . 174 through <br /> 469 . 179, respectively (collectively, the "Plans") , and all as <br /> reflected in that certain document entitled in part "Mounds View <br /> Economic Development Project of the Mounds View Economic <br /> Development Authority, " dated May 9, 1994, and presented for the <br /> Council ' s consideration. <br /> 1. 02 . The Council has investigated the facts relating to <br /> the Plans. <br /> 1. 03 . The City has performed all actions required by law to <br /> be performed prior to the adoption and approval of the Plans, <br /> including, but not limited to, prior notification of the County <br /> and School Boards (both of which Boards have submitted to the <br /> City written comment on the Plans) , a review by the City Planning <br /> Commission of the Plans, and the holding of a public hearing <br /> thereon following published notice as required by law. <br /> 262071.1 <br />