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Consent #,511 <br />ADOPT RESOLUTION APPROVING MINNESOTA LAWS, 2010 <br />CHAPTER 389, ARTICLE 7, SECTION 22 <br />By: Kurtis G. Ulrich, City Administrator <br />Background: <br />Attached is a resolution approving the City of Ramsey TIF law. The 2010 session of the <br />Minnesota Legislature passed and the Governor signed Minnesota Laws, 2010, Chapter 389, <br />Article 7, Section 22, which authorizes the City of Ramsey to establish a tax increment financing <br />district within the City. However, such legislation requires local approval in accordance with <br />Minnesota Statute 645.021 (a copy is attached). Adoption of the resolution gives the necessary <br />local approval. <br />Council Action: <br />Adopt Resolution 410 -08 -XXX Approving Minnesota Laws, 2010 Chapter 389, Article 7, <br />Section 22. <br />Reviewed by: <br />City Administrator: <br />CC: 08.24.10 <br />