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EXTRACT OF MINUTES OF MEETING OF THE ROSEVILLE CITY COUNCIL 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 25th day of February 2019,at 6:00 p.m. The following members were present: Willmus, Groff, Etten and Roe and the following was absent: Laliberte. Council member Etten introduced the following resolution and moved its adoption: RESOLUTION No. 11583 RESOLUTION APPROVING THE ELIMINATION OF THREE PARCELS FROM TAX INCREMENT FINANCING DISTRICT NO. 17 AND HAZARDOUS SUBSTANCE SUBDISTRICT NO. 17A WITHIN DEVELOPMENT DISTRICT NO. 1. BE IT RESOLVED by the City Council (the "Council") of the City of Roseville, Minnesota(the "City"), as follows: WHEREAS, the City has heretofore established Development District No. 1 (the "Development District") and on June 20, 2005,the City created its Tax Increment Financing District No. 1-17 (the "TIF District") and its Hazardous Substance Subdistrict No. 17A(the "Subdistrict")within the Development District, and approved tax increment financing plans(the "TIF Plans") for the TIF District and the Subdistrict; and WHEREAS,property designated by the following property identification numbers was included in the TIF District and Subdistrict: 042923320003 042923320002 042923320001; and WHEREAS,the City desires by this resolution to amend the TIF Plans to remove the above-described parcels from the TIF District and Subdistrict,thereby reducing the size thereof; and WHEREAS, the current net tax capacity of the parcels to be eliminated from the TIF District and Subdistrict equals or exceeds their original net tax capacity, and therefore no notice and public hearing is required pursuant to Minnesota Statutes, Section 469.175, Subdivision 4, clause(e). 556348v1 MNI RS275-16