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EXTRACT O�' MTNUTES 4F A MEETING O� THE CiTY COUNCIL OF THE GIT'Y OF ROSEVILLE, MINNESOTl� HELD: Deeember 17, 20Q7 Pursuant ta due ca�l a.rzd notzce thereaf, a reg�lar meeting Qf t�e C�ty Gouncil of the City of Rosevil�e, Rarrasey County, Minnesata, was duly cal�ed a�d �eld at ihe City Hall in the City �n Manday, the 17�h day of Decem�er, 2007, at b:00 d'cinck P.M., fc�r the purpnse in part of adopti�g an ame�dment by supplement to t�e tax increment iinancing plan for Tax Increment Financing District No. 1 and to the dev�lap�ent prograz� for Develapa�e�t District No. 1, redeveiopmen� �lan for the Redevelopm�nt F'roject Area and Industrial D�velopment District Na. 1 plan. T�e fallowing rnembers were present: and the �allawing were absent: Member introduced the fo�lowin� resalutinn and �oved its ado�tian: KGSOLUT��V NO. RESOLLTT�� AD��'TING AMENDMENT BY SUPPLEMENT TO VARI4US PLANS AND �'ROGRAMS WHEREA�, the City af Rcasevi�le, Minnesota (the "City"), has caused to be pzepared a dacurnent �ntitled "Aznendment by Su�plement �a Tax Ir�cre�r�ent Financing P�an for TaY �ncrement �inancing Dis�rict No. 1 and to Dcvelopzn�z�t Pragram for Developzx�ent District No. �, Redevelopment Flan for Redevelopment Project Area and Tndustrial Developrnent District No. 1 Pian" {which dacuz�rae�t is herein referred to as �he "Pxagram and Plans") attached I�ere�o as Exhibit A and hereby incorpnrated �terein; and W�-IEREAS, purs�ant to the PrQgram and Plans the City propases to ca�tinue tn �ndertake a deveiopment prngram in Developm�nt District Na. 1, rade�velopment in the Redevelop�ent Praject Area, and redev�lopment in I�dustrial Developtn�nt District No. 1, to l�c finar�eed in part by tax increzn�nts fro�nn Tax �ncxeme�t Finazxcing District Noo 1{the "Tax Incrernent District") estabiis�ed by the C�t�; and WHEREAS, thc Tax �ncrez�aent D�sirici first received tax increments in I984 and is permit�ed �y law to receive tax increzx�ents tlarou�h 2009; and 2116002v3