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Councilmember Riley introduced the following resolution and moved for its adoption: <br /> RESOLUTION #17-07-131 <br /> RESOLUTION AUTHORIZING EXECUTION OF A TAX INCREMENT FINANCING <br /> AGREEMENT <br /> WHEREAS, PSD, LLC (the "Developer") has requested the City of Ramsey, Minnesota <br /> (the "City") to assist with the financing of certain costs incurred in connection with the <br /> construction of an approximately 56,000 square foot industrial building in the City by the <br /> Developer(the "Project"); and <br /> WHEREAS, the Developer and the City have determined to enter into a Tax Increment <br /> Financing Agreement providing for the City's tax increment financing assistance for the Project <br /> (the "Tax Increment Financing Agreement"). <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> 1) That the City Council hereby approves the Tax Increment Financing Agreement in <br /> substantially the form submitted, and the Mayor and City Administrator are hereby <br /> authorized and directed to execute the Tax Increment Financing Agreement on behalf of <br /> the City. <br /> 2) That the approval hereby given to the Tax Increment Financing Agreement includes <br /> approval of such additional details therein as may be necessary and appropriate and such <br /> modifications thereof, deletions therefrom and additions thereto as may be necessary and <br /> appropriate and approved by the City officials authorized by this resolution to execute the <br /> Tax Increment Financing Agreement. The execution of the Tax Increment Financing <br /> Agreement by the appropriate officer or officers of the City shall be conclusive evidence <br /> of the approval of the Tax Increment Financing Agreement in accordance with the terms <br /> hereof. <br /> The motion for adoption of the foregoing resolution was duly seconded by Councilmember <br /> Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br /> Mayor Strommen <br /> Councilmember Riley <br /> Councilmember Kuzma <br /> Councilmember Johns <br /> Councilmember LeTourneau <br /> Councilmember Shryock <br /> Councilmember Williams <br /> and the following voted against the same: <br /> None <br />