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EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE, MINNESOTA HELD: December 17, 2007 Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, Ramsey County, Minnesota, was duly called and held at the City Hall in the City on Monday, the 17th day of December, 2007, at 6:00 o'clock P.M., for the purpose in part of adopting an amendment by supplement to the tax increment financing plan for Tax Increment Financing District No. 1 and to the development program for Development District No. 1, redevelopment plan for the Redevelopment Project Area and Industrial Development District No. 1 plan. The following members were present: Kough, Roe, Ihlan, Pust and Klausing and the following were absent: none. Member Roe introduced the following resolution and moved its adoption: RESOLUTION NO. 10581 RESOLUTION ADOPTING AMENDMENT BY SUPPLEMENT TO VARIOUS PLANS AND PROGRAMS WHEREAS, the City of Roseville, Minnesota (the "City"), has caused to be prepared a document entitled "Amendment by Supplement to Tax Increment Financing Plan for Tax Increment Financing District No. 1 and to Development Program for Development District No. 1, Redevelopment Plan for Redevelopment Project Area and Industrial Development District No. 1 Plan" (which document is herein referred to as the "Program and Plans") attached hereto as Exhibit A and hereby incorporated herein; and WHEREAS, pursuant to the Program and Plans the City proposes to continue to undertake a development program in Development District No. 1, redevelopment in the Redevelopment Project Area, and redevelopment in Industrial Development District No. 1, to be financed in part by tax increments from Tax Increment Financing District No. 1 (the "Tax Increment District") established by the City; and WHEREAS, the Tax Increment District first received tax increments in 1984 and is permitted by law to receive tax increments through 2009; and 2116002v3