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Council member adoption: CITY OF MOUNDS VIEW RAMSEY COUNTY STATE OF MINNESOTA Meehlhause introduced the following resolution and moved its CITY OF MOUNDS VIEW RESOLUTION NO. 9498 RESOLUTION ADOPTING A MODIFICATION TO THE DEVELOPMENT PROGRAM FOR MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY PROJECT; AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 1-7 (VILLAS OF MOUNDS VIEW) THEREIN AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR BE IT RESOLVED by the City Council (the "Council") of the City of Mounds View, Minnesota (the "City"), as follows: Section 1. Recitals 1.01. The Board of Commissioners of the Mounds View Economic Development Authority (the "EDA") has heretofore established Mounds View Economic Development Project and adopted the Development Program therefor. It has been proposed by the EDA and the City that the City adopt a Modification to the Mounds View Economic Development Project (the "Development Program Modification") and establish Tax Increment Financing District No. 1-7 (Villas of Mounds View) (the "District") therein and adopt a Tax Increment Financing Plan (the "TIF Plan") therefor (the Development Program Modification and the TIF Plan are referred to collectively herein as the "Program and Plan"); all pursuant to and in conformity with applicable law, including Minnesota Statutes, Sections 469.001 to 469.047 and Sections 469.174 to 469.1794, all inclusive, as amended, (the "Act") all as reflected in the Program and Plan, and presented for the Council's consideration. 1.02. The EDA and City have investigated the facts relating to the Program and Plan and have caused the Program and Plan to be prepared. 1.03. The EDA and City have performed all actions required by law to be performed prior to the establishment of the District and the adoption and approval of the proposed Program and Plan, including, but not limited to, notification of Ramsey County and Independent School District No. 621 having taxing jurisdiction over the property to be included in the District, review of the Program and Plan by the EDA on November 22, 2021, and the holding of a public hearing by the City upon published notice as required by law. 1.04. Certain written reports (the "Reports") relating to the Program and Plan and to the activities contemplated therein have heretofore been prepared by staff and consultants and submitted to the Council and/or made a part of the City files and proceedings on the Program and Plan. The Reports, including the redevelopment qualifications reports and planning documents, include data, information X DOCSOPEN\MU205\52\763645.v2-11 / 18/21 Page 1