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EXTRACT OF MINUTES OF MEETING OF THE ROSEVILLE ECONOMIC DEVELOPMENT AUTHpRITY Pursuant to due call and notice thereof, a meeting of the Roseville Economic Development Authority, County of Ramsey, Minnesota, was duly called and held at the City Hall on Monday, the 29t�' day of August, 2016, at 4:00 p.m. The following members were present: McGehee, Willmus, Roe, Laliberte, and Etten. and the following were absent: None Commissioner McGehee introduced the following resolution and moved its adoption Resolution No. 2 A Resolution Adopting A Tax Levy in 2016 Collectible in 2017 BE IT RESOLVED by the Board of Commissioners (the "Board") of the Roseville Economic Development Authority, Minnesota (the "Alrthority"), as follows: Section 1. Recitals, 1.01. The Authority is authorized by Mimzesota Statutes Section 469,107 to request that the City of Roseville, Minnesota (the "City") levy a tax on all taxable property within the City, subject to approval of such tax levy by the City Council of the City, for the benefit of the Authority (the `BDA Levy"). 1.02. The Authority is authorized to use the amounts collected by the EDA Levy for the purposes provided in Minnesota Statutes, Section 469,090 to 469.1081 (the "EDA Act"). Section 2. Findin�s 2.01. The Authority hereby finds that it is necessary and in the best interest of the City and the Authority to request that the City Council of the City adopt t11e EDA Levy to provide funds necessary to accomplish the goals of the Authority. Section 3. Adoption of EDA Levy. 3.01. The Authority hereby requests that the City levy the following amount, which is no greater than 0.01813 percent of the City's estimated market value, to be levied upon the taxable property of the City fox the pltrposes of the EDA Levy described ii� Section 1,02 above and collected with taxes payable in 2017: Amount: � $365,585