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I <br />I <br />I <br />I <br />I <br /> <br /> Councllmember <br />resolution, the reading <br />moved its adoption: <br /> <br /> introduced the following <br />'of which was dispensed With by unanimous consent, and <br /> <br />CITY OF RAMSEY <br />COUNTY OF ANOKA <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. <br /> <br />RESOLUTION MODIFYING THE DEVELOPMENT <br />PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 <br />AND MODIFYING THE TAX INCREMENT FINANCING <br />PLAN FOR TAX INCREMENT FINANCING DISTRICT <br />NO. 1. <br /> <br /> BE IT RESOLVED by the City Council (the "Council") of the City of <br />Ramsey, Minnesota (the "City"), as follows: <br /> <br />Section 1. Recitals. <br /> <br /> 1.01. It has been proposed that the City modify the Development Program <br />for Development District No. 1 and the Tax Increment Financing Plan for Tax <br />Increment Financing District No. 1 by a change in the public improvement costs <br />relating thereto, all pursuant to and in accordance with Minnesota Statutes, <br />Chapter 472A, as amended, and Minnesota Statutes, Sections 273.71 to 273.78, <br />inclusive, as amended. <br /> <br /> 1.02. The Council has investigated the facts and has caused to be prepared <br />a modification to the Development Program for Development District No. 1, <br />describing the specific public improvements to be undertaken by the City to aid the <br />development of Development District No. 1, and has caused to be modified the Tax <br />Increment Financing Plan for Tax Increment Financing District No. i defining more <br />precisely the public improvements to be financed by Tax Increment Financing <br />District No. 1. <br /> <br /> 1.03. The City has performed all actions required by law to be performed <br />prior to the modification of the Development Program for Development District <br />No. 1 and the Tax Increment Financing Plan for Tax Increment Financing District <br />No. 1. <br /> <br /> Section 2. Findings for the Modification of Development District No. 1 <br />and Tax Increment Financing District No. I. <br /> <br /> 2.01. The Council hereby finds that the modifieation of Development <br />District No. 1 is intended and, in the judgment of this Council, its effect will be, to <br />provide an impetus for commercial and industrial development in the City, to <br />increase employment, and otherwise promote certain public purposes and <br />accomplish certain objectives as specified in the Development Program. <br /> <br /> 2.02. The Council hereby finds that in certain portions of Tax Increment <br />Financing District No. 1, less than 70 percent of the parcels in the district are <br /> <br /> <br />