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88 I. INTRODUCTION The Commissioners of the Housing and Redevelopment Authority of St. Anthony, Minnesota(the "HRA") and the City of St. Anthony, Minnesota(the "City"), have previously approved a tax increment financing plan designated as the Tax Increment Financing Plan for Tax Increment Financing District No. 3-Ramsey County (the"Financing Plan")which establishes a tax increment financing district designated as Tax Increment Financing District No. 3-Ramsey County (the "District"). Certain property in the District has not as yet been redeveloped in a manner which meets the objectives and purposes of the Financing Plan. In order to provide for the redevelopment of such property the HRA desires to eliminate such property from the District and include such property in a new tax increment financing district to be established by the HRA. The parcels to be eliminated from the District are identified in Exhibit A hereto (the "Eliminated Parcels"). By this Amendment, the Commissioners of the HRA eliminate the Eliminated-Parcels from the District. This Amendment is approved by the Commissioners of the HRA and the City pursuant to Minnesota Statutes, Section 469.175, subdivision 4. II. AMENDMENT TO FINANCING PLAN The Financing Plan is hereby amended to reduce the geographic area of the District by eliminating the Eliminated Parcels from the District. III. FISCAL AND ECONOMIC IMPLICATIONS OF ELIMINATION OF ELIMINATED PARCELS FROM DISTRICT Upon their elimination from the District the Eliminated Parcels will be included in anew tax increment financing district to be established by the HRA. The estimated fiscal and economic implication of the elimination of the Eliminated Parcels from the District and inclusion of such Eliminated Parcels in such new tax increment financing district is set forth in the tax increment financing plan of the HRA for such District which is entitled"Tax Increment Financing Plan for Tax Increment Financing District No. 5-Ramsey County," which provisions are by reference incorporated herein. IV. DETERMINATIONS IN ORIGINAL FINANCING PLAN The determinations made in the Financing Plan with respect to designation of the District as a Redevelopment District, the impact of the establishment of the District and the implementation of the Redevelopment Plan (as defined in the Financing Plan) and undertaking of the Redevelopment Project(as defined in the Financing Plan) and the captured tax capacity of the District upon the redevelopment thereof are not affected by this Amendment and such determinations remain in full force and effect following the adoption of this Amendment.