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RESOLUTION NO. 2463 <br />CITY OF MOUNDS VIEW <br />f COUNTY OF RAMSEY <br />STATE OF MINNE^OTA <br />RESOLUTION APPROVING MODIFICATION NO. 1 TO TAX INCREMENT <br />FINANCING DISTRICT 0 LOCATED WITHIN MUNICIPAL DEVELOPMENT <br />DISTRICT NO. 3; AND APPROVING AND ADOPTING THE TAX INCREMENT <br />FINANCING PLAN RELATING THERETO <br />WHEREAS, the City of Mounds View, Minnesota (the <br />"City") on Feoruary 22, 1988 designated Municipal Develop- <br />ment District No. 3 (the "Development District') and has <br />caused to be prepared a Development Program (the "Develop- <br />menL Program") relatina thereto, pursuant to Minnesota <br />Statutes, Sections 469.124 to 469.134, inclusive; and <br />WHEREAS, the City on February 22, 1988 established <br />Tax Increment District #3 and has caused to be prepared a <br />Tax Increment Financing Plan (the "Financing Plan"), <br />Pursuant to ;•:innesota Statutes, Sections 469.174 to 469.179, <br />inclusive; and <br />WHEREAS, the City has proposed to modify Tax <br />Increment Financing District 473 (the "Tax Increment <br />District") within Development District 13 and has caused to <br />` be prepared a Tax Increment Financing Plan (the "Financing <br />Plan"), pursuant to Minnesota Statutes, Sections 469.174 to <br />46S.179, inclusive; and <br />WHEREAS, the City has submitted the modified <br />Financing Plan to the City's Planning Commission for <br />consideration and comparison to the Comprehensive Plan of <br />t',e i.ity to determine consistency, pursuant to Minnesota <br />Statutes, Section 469.126, Subd. 1; and <br />WHEREAS, the City has presented to the members of the <br />county Board of Commissioners of Ramsey County and the <br />members of the school board of the school district in which <br />the Tax Increment District is 1017 <br />CZi Leu Lhe City's astiinate Of <br />the fiscal and economic implications of the modification of <br />the Tax Increment District and the members of the County <br />Board and school board were granted the opportunity to <br />present their comments at the public hearing held on the <br />date hereof; and <br />WHEREAS, the City Council of the City (the "Council") <br />on the date hereof held a public hearing regarding the modi- <br />fication of the Tax Increment District and approval and <br />adootion of the Financing Plan for which hearing notice was <br />published in a newspaper of general circulation in the City <br />not less than 10 or more than 30 days prior to the date <br />k "/ hereof; and <br />