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3. The modified Development Program and the Tax Increment Financing Plan for Tax Increment District No. 5 are hereby approved and adopted and shall be placed on file in the office of the City Manager. 4. The staff of the City, the City's advisors lnd legal counsel are authorized and directed to proceed with tile implementation of the modified Development Program and Tax In~rement Financing Plan and for this purpose to negotiate, draft, prepare and present to this Council for its consideration all further plans, resolution, documents and contracts necessary for this purpose. 5. The City Manager is authorized and directe:1 to file a copy of the modified Development Program and Tax In'~rement Financing Plan for Tax Increment Financing District No. 5 as required by the Tax Increment Financing Act. 6. The Auditor of Ramsey County is requested to certify the original assessed value of Tax increment Financing District No. 5 as modified or created by this resolut Lon as described in the Tax Increment Financing Plan, and to certify in each year thereafter the amount by which the origin.: 1 assessed value has increased or decreased in accordance with the Act; and the Ci ty Manager is authorized and directed to fClrthwi th transmit this request to the County Auditor in such ::orm and content as the Auditor may specify, together with a list Jf all properties wi thin Tax Increment Financing District No. 5 fl)r which building permits have been issued during the 18 m01ths immediately preceding the adoption of this resolution. The motion for the adoption of the foregoing was duly seconded by Councilmember Kehr upon vote being taken thereon, the following voted thereof: Johnson, Matson, Kehr, Cushman, and DE!mos, resolution , and In favor and the following voted against the same: None. Whereupon said resolution adopted and was signed by the Manager. was declared :1uly Mayor and atte~~ted passed by the and City Dated: July 15, 1986. n ;L// 'r-c/,~ Mayor Attest: ~rd~