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Based upon the statutory authority described in the <br />Development Program attached hereto, the public purpose <br />findings by the City Council and for the purpose of ful- <br />filling the City's development ob~ectives as set forth in <br /> <br />I <br />I <br /> <br /> the Development Program, the City Council has created, es <br />I designated Development District No. 1 pursuant <br /> and <br /> to and in accordance with the requirements of Minnesota <br /> Statutes, Section 472A.03. <br /> <br /> The following municipal action was taken in connection <br />therewith: <br /> <br />July 9, 1985: The Program for Development District No. <br />I was ad6pted by the City Council. <br /> <br />I The following municipal <br /> <br /> the Tax Increment Financing <br />I ment District No. 1= <br /> Tax Increment Financing <br /> <br />action was taken with regard to <br />District located within Develop- <br /> <br />District No. 1: <br /> <br />I July 9, 1985= The Tax Increment Financing Plan for <br /> Tax Incremen~ Financing District No. i was adopted <br />i by the City Council. <br /> <br /> <br />