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<br />t' <br /> <br />')f <br /> <br />CITY OF CENTERVILLE <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 97-28 <br /> <br />RESOLUTION ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 1-5 <br />AND ADOPTING THE RELATED TAX INCREMENT FINANCING PLAN <br />THEREFOR. <br /> <br />BE IT RESOL VED by the City of Centerville (the "Council") of the City of Centerville, <br />Minnesota (the "City"), as follows: <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01. The City has heretofore established Development District NO.1 and adopted the <br />Development Program therefor. It has been proposed that the City establish within Development <br />District No.1 Tax Increment Financing District No. 1-5 ("District No. 1-5") and adopt the related <br />Tax Increment Financing Plan therefor; all pursuant to and in conformity with applicable law, <br />including Minnesota Statutes, Section 469.124 through 469.134 and 469.174 through 469.179, all <br />inclusive, as amended, all as reflected in the Plan, and presented for the Council's consideration. <br /> <br />1.02. The Council has investigated the facts and caused to be prepared the Tax <br />Increment Financing Plan for Tax increment Financing District No. 1-5 (the "Plan"). <br /> <br />1.03. The City has performed all actions required by law to be performed prior to the <br />adoption and approval of the proposed Plan, including, be not limited to, notification of Anoka <br />County and School District No. 12 having taxing jurisdiction over the property included in Tax <br />Increment Financing District No. 1-5, a review of and written comment on the Plan by the City <br />Planning Commission, and the holding of a public hearing upon published notice as required by <br />law. <br /> <br />1.04. Certain written reports (the "Reports") relating to the Plan and to the activities <br />contemplated therein have heretofore been prepared by staff and submitted to the Council and/or <br />made a part of the City files and proceedings on the Plan. The Reports include data, information <br />and/or substantiation constituting or relating to (1) the "studies and analyses" on why the new <br />District No. 1-5 meets the so-called "but for" test; and (2) the bases for the other findings and <br />determinations made in this resolution. The Council hereby confirms, ratifies and adopts the <br />Reports, which are hereby incorporated into and made as fully a part of this resolution to the same <br />extent as if set forth in full herein. <br /> <br />Section 2. <br /> <br />Findings for the Adoption and Approval of the Plan. <br /> <br />2.01. The Council hereby finds that the Plan, is intended and, in the judgement of the <br />