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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 10th day of September, 1990, at 7:30 p.m. The following members were present: Johnson, Cushman, Maschka, Thomas, and Rog, and the following were absent: None. Member Maschka introduced the following resolution and moved its adoption: RESOLUTION NO. 8615 RESOLUTION APPROVING THE ADOPTION OF THE MODIFIED TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT FINANCING DISTRICTS NO. 1 THROUGH 12 WITHIN DEVELOPMENT DISTRICT NO. 1 WHEREAS, It is proposed that the City construct a pedestrian walkway around and adj acent to the Villa Park complex wi thin Development District No.1, and use $7,600 of tax increments from Tax Increment Financing Districts No. 1 through 12 for such purpose; and WHEREAS, The City previously amended the Tax Increment Financing plans for Tax Increment Financing Districts No. 1 through 12 to provide for additional project costs within Development District No.1; and WHEREAS, The City desires to modify the Tax Increment Financing Plans for Tax Increment Financing Districts No. 1 through 12 pursuant to and in accordance with Minnesota Statutes, sections 469.124 through 469.134 as amended, and Minnesota Statutes, sections 469.174 through 469.179 inclusive, as amended to provide that $7,600 of the project costs contained in the existing Tax Increment Financing plans for Tax Increment Districts No. 1 through 12 to be allocated to the pedestrian walkway project; NOW, THEREFORE, BE IT RESOLVED, that the Tax Increment Financing Plans for Tax Increment Financing Districts No. 1 through 12 are hereby modified to provide $7,600 of project costs for the pedestrian walkway proj ect. This modification is not intended to increase the total proj ect costs contained in the Tax Increment Financing Plans. The project costs contained in the Tax Increment Financing Plans for the Twin Lakes project shall be reduced by $7,600; BE IT FURTHER RESOLVED, that the staff of the City, the City's advisors, and legal counsel are authorized and directed to proceed with the implementation of the Tax Increment Financing plans and for this purpose to negotiate, draft, prepare, and present to this Council for its consideration, all further plans, resolutions, documents, and contracts necessary for this purpose. The motion for the adoption of the foregoing resolution was duly seconded by Member Thomas, and upon a vote being taken thereon, the following voted in favor thereof: Johnson, Cushman, Maschka, Thomas, and Rog, and the following voted against the same: None. WHEREUPON said resolution was declared duly passed and adopted.