6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083

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MUNICIPAI� ACTION TAKEN Based upon the statutory authority descrihed in ttae Development Program at�ached hereto, the public purpose fndings by tt�e City Council and for the purpose of fuliilling the City's develop�nent objectives as set forth in the Develapment Program, the City Council has created, established and designated De�elopment District No. 1 pursuant to and in accordar�ce with the requirements of Minnesota Statutes, Sections 469.124 through �69.13�F. The following municipal action was taken in connection therewith: June 26. 1989: The Development Program for Development District Na 1 was adapted by th� City Council. Atoril 26, 1993: The Develppment Program far Development District Na. 1 was modified by the City Council. May 27. 1997: The Development Program for Development District Na.I was modified to expand the boundaries and revise the budget and project costs. December 14, 2009: The Development Program for Development District No. 1 was nnodified by the City Council. December 13. 2�O10: Ti�e Development Pragram for Deveioptnent District No.1 was modi�ed io eazpand the boundaries and revise the budget and pro,ject costs. The follqwing municipal action was taken with regard to the Tax Increment Financing District(s) located within Develop�ent District No. 1: Tax Increment Financin District No. 1 Economic District - Round I,ake Housin : June 26 1989: The Tax Increment Financing Plan for Tax Increment Financing District No. 1 was adopted by the City CounciI. Ma�27 1_997: The Tax Increment Financing Plan for Tax Increment k'inancing District No. 1 was modified by the City Council to revise the budget and project costs. Tax Increment �inancin District No. 2 Redevelo ment District Round Lake O�£ice Park : June 26 1989: The Ta�c Increment Financing Plan. for Tax Increment Financing District No. 2 was adopted by the City Cauncil. April 26, 1993: The Modified Development Program for Development District No. 1 was approved by the City Council. May 27, 1997: The Tax Fncrement Financing Plar� for Tax Increment Financing District No. 2 was modified by the City Counci! to re�ise the budget and project casts. The folIawing municipal action was taken with regard to Tax Increment Financing District No. 3 located within Development District No. I: Tax Increment Financin District No. 3 Housin District -Cof�a e Lifes les Housin :