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3.06. Approval of the modified TIF Plan is intende, d, and in <br />the City's judgment its effect will be, to promote the public <br />purposes and accomplish the objectives specified in the modified <br />Plan. <br /> <br /> 3~07. The findings made by the City Council at the time of <br />the creation of TIF District No. 2 on June 30, 1986 are hereby <br />reaffirmed. <br /> <br />Section 4. <br /> <br />Modified Proqram and TIF Plan Adopted~ Filinq. <br /> <br /> 4.01. The modified Program and the modified TIF Plan are <br />hereby approved and adopted. The modified Program and TIF Plan <br />incorporate by reference the original Program and TIF Plan, <br />except as the modified Program and TIF Plan explicitly or by <br />reasonably necessary inference conflicts with the original <br />Program and TIF Plan. <br /> <br /> 4.02. The geographic boundaries of Development District No. <br />1, and TIF District No. 2 are not changed by this action. <br /> <br /> 4.03. The City Administrator is authorized and directed to <br />file a copy of the modified Program and the modified TIF Plan <br />with the Minnesota Commissioner of Revenue as required by the TIF <br />Act. <br /> <br /> 4.04. The City may at the appropriate time take action to <br />issue and sell general obligation bonds pursuant to the TIF Act <br />to finance the public costs identified in the modified Program <br />and the modified Plans. <br /> <br /> The motion for the adoption of the foregoing resolution was <br />duly seconded by member and upon vote being taken <br />thereon, the following voted in favor thereof: <br /> <br />and the following voted against same: <br /> <br />Whereupon said resolution was declared duly passed and adopted by <br />the Ramsey City Council this day of , 1990. <br /> <br />ATTEST: <br /> <br />CITY OF RAMSEY <br /> <br />David Hartley <br />City Administrator <br /> <br />Gary Reimann, Mayor <br /> <br /> <br />