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1ZAXTRACT OF MINUTES OF' MEETING OF THE Pursuant to, due call, and notice thereof, a regular meeting of the City Council of the, City of Roseville, County, of Ramsey, Minnesota was duly held on the,, 22nd day of January,, 19190,, at 7:30 p,.m,. The following members were prelsent* and the following were absent. Member i ntroduced the following resolution and moved its adoption: *14101 kilo 40 % 0-1 "1191M 6 WHEREAS, Tax Increment Financing has been a critical redevelopment 6 9 tool for first riing suburbs such as, Roseville; and WHEREAS,, through, the reduction, of state and federal development funds many Tax Increment Financingy in situations, is the only remaining tool, for citi'Les; and, WHEREAS Tax Increment F inancing has been critical to the City in leveraging $146 mon 'in new investment, and 2,,800 jobs; and a WHEREAS, Tax Increment Financing has been used in critical pro3ects 'in $I J0 collaboration with the Countiyfs Community Development Block Grant Program for redevellopment projects such as Byerlyls; and WHEREAS, leg islative proposals have been considered that would place I caps on tax increment and limit pooling activities* F NOW THEREFORE BE IT RESOLVED, that the city of Roseville 'is opposet I @ to anV caps and, polol ing restrictions relating to tax increment.. BE IT FURTHER RESiOLVED that, the CI*ty respectfully requests Ramsey County's support in opposing any legislation that would place caps on 4 Tax In,icreiment Financinigi and restrict pooling of tax increment dollars. The motion for the ia,doption of the foregoing resolution was duly seconded by Membeir . and, upon a vote being taken ther,eoln,, the following voted 'in favor there,oif: qP and the following voted against the same.. WHEREUPON' sa id resolution was declared duly passed and adopted..