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• <br /> EXTRACT OF MINUTES OF MEETING <br /> OF THE <br /> CITY COUNCIL OF THE CITY OF ROSEVILLE <br /> x * x x x x * x do F x x x x x x x <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br /> Roseville, County of Ramsey, Minnesota was duly held on the 7th day of January, 2019, at 6:00 <br /> p.m. <br /> The following members were present: Willmus, Groff,Etten, Laliberte and Mayor Roe <br /> and the following were absent: none. <br /> Member Etten introduced the following resolution and moved its adoption: <br /> RESOLUTION No. 11567 <br /> RESOLUTION CALLING FOR A PUBLIC HEARING BY THE CITY <br /> COUNCIL ON THE PROPOSED ADOPTION OF A MODIFICATION TO <br /> THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT <br /> NO. 1 AND THE PROPOSED ESTABLISHMENT OF TAX INCREMENT <br /> FINANCING DISTRICT NO. 21 — COLDER PRODUCTS COMPANY <br /> THEREIN AND THE ADOPTION OF THE TAX INCREMENT <br /> FINANCING PLAN THEREFOR. <br /> WHEREAS, Colder Products Company (the"Redeveloper") has requested tax increment <br /> assistance from the City of Roseville, Minnesota(the "City") and the Roseville Economic <br /> Development Authority (the"EDA")to finance certain costs in connection with the <br /> redevelopment of 2814 Cleveland Avenue, Roseville MN by the Redeveloper(the"Project"). <br /> NOW, THEREFORE, BE IT RESOLVED, by the City Council(the "Council")of the City,as <br /> follows: <br /> Section 1. Public Hearing. This Council shall meet on February 25, 2019, at <br /> approximately 6:00 P.M., to hold a public hearing on the proposed adoption of a Modification to <br /> the Development Program for Development District No. 1, the proposed establishment of Tax <br /> Increment Financing District No. 1-21 — Colder Products, (a redevelopment district), and the <br /> proposed adoption of a Tax Increment Financing Plan therefor, and the approval of a business <br /> subsidy, all pursuant to and in accordance with Minnesota Statutes, Sections 469.090 to <br /> 469.1082 , and Sections 469.174 to 469.1794, inclusive, as amended, and Minnesota Statutes, <br /> Sections 116J.993 through 116J.995 in an effort to encourage the development and <br /> redevelopment of certain designated areas within the City;and <br /> Section 2. Notice of Public Hearing, Filing of Program and Plan. City staff is authorized <br /> and directed to work with Ehlers to prepare a Modification to the Development Program for <br /> 514365v2 MNI RS275-15 <br />