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Regular City Council Meeting Monday,August 24, 2015 Page 20 Recess Mayor Rot recessed the meeting at approximately 8:20 p.m., and reconvened at approximately 8:25 p.m. 12. Public Hearings d. Public Hearing to Consider Amending TIF Districts 10 and 12, Approval of a Development Agreement, and Approval of a Final Plat of the Development Property at 2325 — 2335 Dale Street and 657-675 Cope Avenue into 18 Medi- um Density Residential Lots Mayor Roe introduced this project and various steps requiring formal City Coun- cil action, with Community Development Director Paul Bilotta briefly reviewing • the various components as outlined in the RCA dated August 24, 2015. Mayor Roe opened the public hearing at approximately 8:26 p.m. for the purpose of considering an amendment to Tax Increment Financing (TIF) Districts 10 and 12 for the Development Property at 2325 — 2335 Dale Street and 657 — 675 Cope Avenue into 18 Medium Density Residential Lots. Mayor Roe closed the public hearing at approximately 8:27 p.m., with no one ap- pearing for or against. 12. Budget Items 13. Business Items (Action Items) a. Consider Amending TIF Districts 10 and 12, Approval of a Development Agreement, and Approval of a Final Plat of the Development Property at 2325 — 2335 Dale Street and 657 — 675 Cope Avenue into 18 Medium density Residential Lots Etten moved, McGehee seconded, adoption of Resolution No. 11248 (RCA Ex- hibit A, B, C and D) entitled, "Resolution Approving the Modification to the De- velopment Program for Development District No. 1 and Approving the Modifica- tions to the Tax Increment Financing Plans for Tax Increment Financing District Nos. 10 and 12." Roll Call Ayes: Laliberte, McGehee, Willmus, Etten and Roe. Nays: None. Mr. Bilotta referenced a revised Purchase and Redevelopment Contract by and be- tween the City of Roseville and Dale Street Station, LLC dated August 1, 2015 and as drafted by the City's TIF Consultant Briggs and Morgan (RCA Exhibit F) provided as a bench handout providing additional refinements and a more realistic timeframe based on latest developments.