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Councilmember Kuzma introduced the following resolution and moved its adoption: RESOLUTION #13 -11 -203 RESOLUTION ADOPTING A MODIFICATION TO THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 2. NOW THREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: Section 1. Recitals 1.01. The City Council of the City of Ramsey have heretofore. established Development District No. 1 (the "Development District ") and adopted the Development Program therefore, and have also established within the Development District Tax Increment Financing District No. 2 (the "TIF District ") and approved a tax increment financing plan ( "TIF Plan ") for the TIF District. It has been proposed that the City adopt a Modification to the Tax Increment Financing Plan (the "TIF Plan Modification") for the TIF District, all pursuant to and in conformity with applicable law, including. Minnesota Statutes, Sections 469.124 to 469.133 and Sections 469.174 to 469.1794, all inclusive, as amended, (the "Act "). all as reflected in the TIF Plan Modifications, and presented for the Council's consideration. 1.02. The City has investigated the facts relating to the TIF Plan Modification and has caused the TIF Plan Modification to be prepared. 1.03. The City has performed all actions required by law to be performed prior to the adoption and approval of the proposed TIF Plan Modification, including, but not limited to, notification of Anoka County, Independent School District No. 11, having taxing jurisdiction over the property included in the TIF District, a review of and written comment on the TIF Plan Modification by the City Planning Commission on November 7, 2013, and the holding of a public hearing upon published notice as required by law. 1.04. The City is not modifying the boundaries of the Development District or the TIF District. Section 2. Findings for the TIF Plan Modification 2.01 The Council hereby reaffirms the original findings for the TIF District, namely that when the TIF District was established, the TIF District was established as a redevelopment district. In addition, the City makes the following findings: 2.02 (i) The proposed redevelopment described in the TIF Plan Modification would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future. The major purpose of the TIF Plan Modification is to provide assistance including but not limited to the acquisition of a right -of -way easements and construction of a rail stop, acquisition of land for a municipal parking ramp, acquisition, relocation, rehabilitation, demolition, construction, utilities, roadways, streets, sidewalks, public improvement costs, site improvement/preparation costs, and other qualifying