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RESOLUTION N0.05-EDA-211 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA 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 PROJECT PLAN FOR THE MOUNDS VIEW ECONOMIC DEVELOPMENT PROJECT AND THE PROPOSED MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT N0.5. BE IT RESOLVED, by the Board of Commissioners ("Board") of the Mounds View Economic Development Authority ("EDA") 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 469.1799, 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 Project Plan for the Mounds View Economic Development Project and a modification to the Tax Increment Financing Plan for Tax Increment Financing District No. 5, all pursuant to, and in accordance with, Minnesota Statutes, Sections 469.174 to 469.1799 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 February 13, 2006 to consider the proposed adoption of a modification to the Project Plan for the Mounds View Economic Development Project and the proposed modification of the Tax Increment Financing Plan for Tax Increment Financing District No. 5, a special legislation economic development tax increment financing district, (collectively the "Modifications") 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 Modifications to the Planning Commission of the City and requests the Planning Commission's written opinion indicating whether the proposed Modifications 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 Modifications to the Council for its approval 4. The EDA directs the Executive Director to transmit the Modifications to Ramsey County and Mounds View School District No. 621, in which TIF District No. 5 is located in, not later than January 13, 2006.