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00 <br />a <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />HUGO, MINNESOTA <br />HELD: DECEMBER 19, 2002 <br />Pursuant to due call and notice thereof, a special meeting of the City Council of the City <br />of Hugo, Washington County, Minnesota, was duly held on the 19th day of December, 2002 at <br />7:00 p.m. <br />The following members of the Council were present: Mike Granger, Chuck Haas, Becky <br />Petryk, Frank Puleo, and Fran Miron <br />and the following were absent: NONE <br />Member Fran Miron introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2002-74 <br />A RESOLUTION OF THE CITY OF HUGO APPROVING THE ADMINISTRATIVE <br />AMENDMENT TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT <br />FINANCING (REDEVELOPMENT) DISTRICT NO. 1-1 <br />A. WHEREAS, the City of Hugo, Minnesota (the "City") has heretofore established <br />Tax Increment Financing (Redevelopment) District No. 1-1 within Municipal Development <br />District No. 1 and adopted a Tax Increment Financing Plan therefore; and there is a proposal to <br />amend the Tax Increment Financing Plan for Tax Increment Financing (Redevelopment) District <br />No. 1-1 under the provisions of Minnesota Statutes, Sections 469.174 to 469.179 and Sections <br />469.124 to 469.134 (the "Act"); and <br />B. WHEREAS, the City has prepared an Administrative Amendment to the Tax <br />Increment Financing Plan for Tax Increment Financing (Redevelopment) District No. 1-1, <br />reflecting the amended budget (the "Amendment"); and <br />C. WHEREAS, the City has performed all actions required by law to be performed <br />prior to the approval of the Amendment; and <br />NOW,.THEREFORE, BE IT RESOLVED by the City Council of the City of Hugo: <br />1480351vI <br />1. The City finds, determines and declares that with respect to the Amendment: <br />(a) The City is not modifying the boundaries of Tax Increment Financing <br />(Redevelopment) District No. 1-1 nor increasing the budget in the Tax Increment <br />Financing Plan therefore, but is, however, making an administrative amendment thereto. <br />(b) The City reaffirms the findings previously made with respect to Tax <br />Increment Financing (Redevelopment) District No. 1-1. <br />