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NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville as follows: 1. Development District No 1. The City has heretofore established in the - City Development District, the initial boundaries of which are fixed and determined as described in the Development Program. � 2. TIF District No. 12. The City has heretofore established the TIF District within the Development District. 3. Modification. The Modification is adopted far the TIF District, and the_ City Council makes the following findings: (a) The City Council hereby reaffirms the original findings far the TIF District, namely that when it was established, it was established as a"redevelopment district". (b) The Modification identifies the increase in the budget for the TIF District. � (c) The Modification conforms to the general plan for development or redevelopment of the City as a whole. The fact supporting this finding is that the Modification will generally complement and serve to implement policies adopted in the City's comprehensive plan. (c� The Modification will afford maximum opportunity, consistent wifl� the sound needs of the City as a whole, far the development or redevelopment of the Development District by private enterprise. The facts supporting this finding are that the Modification will continue the redevelopment by private enterprise that has been stimulated under the original plan for the TIF District. 4. Public Purpose. The adoption of the Modification conforms in all respects to the requirements of the Act and will help fulfill a need to redevelop an area of the State which is already built up, to provide employment opportunities, to provide housing opportunities, to improve the tax base and to improve the general economy of the State and thereby serves a public purpose. � 5. Approval and Adoption of the Modification. The Modification, as presented to the City Council on this date, is hereby approved and shall be placed on file in the office of City Manager. 6. Filiil�. The City Manager is authorized and directed to file a copy of the Modification with the Ramsey County Auditor. The City Manager is fiirther authorized and directed to file a copy of the Modification with the Coinmissioner of Revenue and the Office of the State Auditor. The motion for the adoption of the foregoing resolution �vas duly seco�ided by member Laliberte and upon vote being taken thereon, the following voted in favor thereof: McGehee, Willmus, Laliberte, Etten and Roe and the following voted against the same: none Whereupon said resolution was declared duly passed and adopted. � 799�477v1