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CITY OF ARDEN HILLS RAMSEY COUNTY STATE OF M�NIVESOTA Council member introdUced the following resolution and moved its adoption: RESOLUTION NO. 2U10-082 RESOLUTION ADOPTING A MODII+ICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1; AND ESTABL�SHING TAX INCREMENT FINANCING DISTRICT NO. 4 THEREIN AND ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR. BE IT RESOLVED by the City Council {the "Council") af the C�ty of Arden HilIs, Minnesota (the "City"), as foliows: Section 1. Reciiais 1.01. The Council has heretofore established Development District No. 1 and adopteci the Development Prograzn therefor. It has been praposed by tha City that the City adopt a Modification to the DeveIopment Program for Development District No. 1(the "Development Program Modifiication") and establish Tax Increment Financing District No. 4(the "District") therein and adopt a T� Increment Financing Plan (the "TIF` Plan") therefar {the Development Program Madification and the TIF Plan are referred to collectively herein as the "Program and PIan"); all pursuant to and in conformity with applicable law, including Minnesota Statutes, Seciions 469.124 to 469.134 and Sections �69.174 to 469.1799, ail inclusive, as amended, (the "Act") all as reflected in fhe Program and Plan, and presented for the Cauncil's cansideration. 1.02. The City has investigated the facts relating to the Program and Plan and has caused the Program and Plan ta be prepared. 1.03. The City has performed all actions required by law to be per%rmed prior to the establishment of the District and the adoption and approval of the proposed Program and Plan, including, bnt not limited to, notification of Ratnsey County and independent School District No. 521 having taxing jurisdiction over the property to be included in the District, a review of and written comment on the Program and T'lan by the City Planning Commission on December 8, 2010, and the holding of a public hearing upon published notice as required by law. 1.04. Certain written reparts (the "Reports") relating to the Program and Plan at�d to the activities cantemplated therein have heretofore been �repared by sfiaff and co�sultants and submitted to the Council and/Qr made a part of the City files and proceedings on the Program and Plan. The Reparts, including the redevelopment qualifications reports and planning documents, include data, information and/or substantia#ion constituting or relating ta the basrs for the other findings a�ad determinations rr�ade in this resolution. The Council hereby con�rms, ratifies and adopts the Reports, which are hereby incorporated into and made as fully a part of this resolution to ihe same extent as if set forth in full herein. 1.OS The City is additionally modifying the boundaries oiDevelapment District No. 1.