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EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF RAMSEY, MINNESOTA <br />HELD: January 25, 2011 <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Ramsey, Anoka County, Minnesota, was duly called and held on the 25th day of January, <br />2011, at 7:00 p.m. <br />The following members of the Council were present: <br />Mayor Ramsey <br />Councilmember Backous <br />Councilmember Elvig <br />Councilmember McGlone <br />Councilmember Tossey <br />Councilmember Wise <br />and the following were absent: <br />Councilmember Jeffrey <br />Councilmember Elvig introduced the following resolution and moved its adoption: <br />RESOLUTION #11 -01 -026 <br />RESOLUTION APPROVING AN ADMINISTRATIVE AMENDMENT TO THE TAX <br />INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING <br />(REDEVELOPMENT) DISTRICT NO. 14 <br />WHEREAS, the City of Ramsey, Minnesota (the "City ") has heretofore established Tax <br />Increment Financing (Redevelopment) District No. 14 (the "TIF District ") within Development <br />District No. 1 and adopted a Tax Increment Financing Plan therefore; and there is a proposal to <br />amend the Tax Increment Financing Plan for Tax Increment Financing (Redevelopment) District <br />No. 14 (the "Tax Increment Financing Plan") under the provisions of Minnesota Statutes, <br />Sections 469.174 to 469.1799 and Sections 469.124 to 469.134 (the "Act "); and <br />WHEREAS, the Tax Increment Financing Plan as approved by the City Council on <br />December 14, 2010 set forth a description of the 533 acres property to be included in the TIF <br />District based on the boundary description approved by special legislation under Chapter 389 — <br />H.F. No. 3729, Article 7 "Public Finance ", Section 22 City of Ramsey; Tax Increment Financing <br />District, Special Rules Subdivision (a); and <br />WHEREAS, the City has determined that the parcel identification numbers of property <br />included in the TIF District were incomplete and the City has prepared an Administrative <br />Amendment to the Tax Increment Financing Plan for the TIF District, to correctly list and <br />account for all parcels located within the statutorily defined boundaries of the TIF District as <br />established on December 14, 2010 (the "Administrative Amendment "); and <br />Resolution #11 -01 -026 <br />Page 1 of 4 <br />