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EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE, MINNESOTA HELD: June 13, 2011 Pursuant to due call and notice thereof, a regular or special meeting of the City Council of the City of Roseville, Ramsey County, Minnesota, was duly called and held on the 13th day of June, 2011, at 6:00 p.m. The following members of the Council were present: Councilmember Johnson, Pust, Willmus, McGehee, Mayor Roe and the following were absent: None Member Willmus introduced the following resolution and moved its adoption: RESOLUTION NO. 10908 RESOLUTION APPROVING THE MODIFICATION TO THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR INCREMENT FINANCING DISTRICT NO. 18 THEREIN A. WHEREAS, the City of Roseville, Minnesota (the "City") has heretofore established Development District No. 1 and adopted a Development Program therefor and established Tax Increment Financing District No. 18 ("TIF District No. 18") therein and approved and adopted the Tax Increment Financing Plan (the "TIF Plan") therefor under the provisions of Minnesota Statutes, Sections 469.174 to 469.1799 (the "Act"); and B. WHEREAS, the City Council has investigated the facts and has caused to be prepared a modification to the Development Program for Development District No. 1 (the "Development Program Modification") and the modification to the TIF Plan for TIF District No. 18 (the "TIF Plan Modification"), which increases the budget and enlarges TIF District No. 18 (the Development Program Modification and the TIF Plan Modification are referred to collectively herein as the "Modifications"); and C. WHEREAS, the City has performed all actions required by law to be performed prior to the approval of the Modifications, including,but not limited to, notification of Ramsey County and School District No. 623 having taxing jurisdiction over the property to be included in TIF District No. 18 and the holding of a public hearing upon published and mailed notice as required by law; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville as follows: 1. Development District No. 1. The City has heretofore established in the City Development District No. 1 (the "Development District"), the initial boundaries of which are fixed and determined as described in the Development.Program. 3981864v1