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<br />4.01 The Tax Increment Financing Plan for Tax Increment Financing District No. 14 is <br />hereby approved and adopted. <br /> <br />4.02. The staff of the City, the City's advisors and legal counsel are authorized and <br />directed to proceed with the implementation of the Tax Increment Financing Plan and for this <br />purpose to negotiate, draft, prepare and present to this Council for its consideration all further <br />plans, resolutions, documents and contracts necessary for this purpose. <br /> <br />4.03. The Auditor of Ramsey County is requested to certify the original net tax capacity <br />of Tax Increment Financing District No. 14, as described in the Tax Increment Financing Plan, <br />and to certify in each year thereafter the amount by which the original net tax capacity have <br />increased or decreased in accordance with the Act; and the City Manager is authorized and <br />directed to forthwith transmit this request to the County Auditor in such form and content as the <br />Auditor may specify, together with a list of all properties within Tax Increment Financing District <br />No. 14 for which building permits have been issued during the 18 months immediately preceding <br />the adoption of this resolution. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Goedeke , and upon vote being taken thereon, the following voted in <br />favor thereof: Goedeke, Hastel, p, .Johnson, Wish, and V. ,Johnson, <br />and the following voted against the same: None. <br /> <br />WHEREUPON said resolution was declared duly passed and adopted. <br /> <br />Dated: February 28, 1994. <br /> <br />~ <br /> <br />Steven R Sarkozy, City Manager <br /> <br />SEAL <br />