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PLANNING COMMISSION <br />RESOLUTION 2007 -11 <br />RESOLUTION OF THE PLANNING COMMISSION FINDING <br />THE TAX INCREMENT FINANCING PLAN FOR TAX <br />INCREMENT FINANCING DISTRICT NO. 1-2 CONFORMS TO THE <br />CITY PLANS FOR DEVELOPMENT OF THE CITY AS A WHOLE <br />WHEREAS, the City of Hugo, Minnesota (the "City") has heretofore prepared a <br />Development Program for Development District No. 1 (the "Program") which Program was <br />approved by the Planning Commission pursuant to Minnesota Statutes, Section 469.028 and <br />Section 469.126, and <br />WHEREAS, the City proposes to establish Tax Increment Financing District No. 1-2 (the <br />"TIF District") within Development District No. 1 and has prepared a Tax Increment Financing <br />Plan (the "Plan") for the TIF District and has submitted the Plan to the City Planning <br />Commission pursuant to Minnesota Statutes, Section 469.028 and Section 469.175, Subd. 3, and <br />WHEREAS, the Planning Commission has reviewed said Plan to determine conformity <br />of said Plan to the general plan for the development or redevelopment of the City as a whole, and <br />WHEREAS, the Planning Commission is in agreement with the Plan. <br />NOW, THEREFORE, BE IT RESOLVED by the Planning Commission of the City of <br />Hugo that the proposed Plan conforms to the general plan for the development or redevelopment <br />of the City as a whole and the Commission forwards the Plan to the City Council of the City of <br />Hugo for their approval. <br />Adopted by the Planning Commission of the City of Hugo, this 22nd day of March, 2007. <br />Planning Commission of the City of Hugo <br />ATTEST: <br />P <br />Michele Lindau, Secretary <br />