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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE 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 8th day of January, 2018, at 6:00 p.m. The following members were present: Willmus, Etten, McGehee, Laliberte and Mayor Roe and the following were absent: none. Member McGehee introduced the following resolution and moved its adoption: RESOLUTION No. 11482 RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED ESTABLISHMENT OF THE ROSEVILLE ECONOMIC DEVELOPMENT AUTHORITY'S REDEVELOPMENT PROJECT NO. 1 AND THE ADOPTION OF THE REDEVELOPMENT PLAN THEREFOR; AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT FINANCING DISTRICT NO. 1-20: MCGOUGH REDEVELOPMENT THEREIN AND THE ADOPTION OF A TAX INCREMENT FINANCING PLAN THEREFOR. WHEREAS, 2785 Fairview, LLC (the "Redeveloper") has requested tax increment assistance from the City of Roseville, Minnesota (the "City") and the Roseville Economic Development Authority (the "EDA") to finance certain costs in connection with the redevelopment of 2785 Fairview Avenue, Roseville MN by the Redeveloper (the "Project"). NOW, THEREFORE, BE IT RESOLVED, by the City Council(the "Council") of the City, as follows: Section 1. Public Hearina. This Council shall meet on February 26, 2018, at approximately 6:00 P.M., to hold a public hearing on (i) the proposed establishment by the EDA (pursuant to its housing and redevelopment powers) of its Redevelopment Project No. 1 (the "Project"), (ii) the adoption of a Redevelopment Plan for the Project (the "Redevelopment Plan"), (iii) the proposed establishment of Tax Increment Financing District No. 1-20: McGough Redevelopment (the "TIF District") within the Project, and (iv) the adoption of a Tax Increment Financing Plan (the "TIF Plan," and with the Redevelopment Plan, the "Plans") for the TIF District, all pursuant to Minnesota Statutes, Sections 469.090 to 469.1082 and Sections 469.174 to 469.1794, as amended, to encourage the development and redevelopment of certain designated areas within the City. Section 2. Notice of Public Hearing Filing of Plans. City and EDA staff is authorized and directed to work with Ehlers & Associates to prepare the Plans and to forward documents to the appropriate taxing jurisdictions including Ramsey County and Independent School District No. 623. The Housing and Economic Development Program Manager is authorized and directed to cause notice of the 514365v2 MNI RS275-15