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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #19-048 <br />RESOLUTION APPROVING THE ASSIGNMENT AND ASSUMPTION OF <br />TAX INCREMENT FINANCING (TIF) AGREEMENT FOR PARKVIEW EAST <br />APARTMENTS <br />WHEREAS, the City of Ramsey (the "City") entered into a Tax Increment Financing <br />(TIF) Agreement, dated October 1, 2015 (the "TIF Agreement") with ParkView East, LLC, a <br />Minnesota limited liability company (the "Developer"). The Developer desires to assign its <br />interest in the TIF Agreement pursuant to an Assignment and Assumption of Tax Increment <br />Financing (TIF) Agreement (the "Assignment") by and between the Developer and Park View <br />East - Minneapolis LLC, a Washington limited liability company; and <br />WHEREAS, a draft of the Assignment has been submitted to the City Council for <br />approval. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1. The City Council hereby approves the Assignment in substantially the form <br />submitted, and the Mayor and the City Administrator are hereby authorized and directed to <br />execute the Consent and Acknowledgement of the City to the Assignment on behalf of the City. <br />In the absence of the Mayor or the City Administrator, any document authorized by this <br />resolution to be executed may be executed by an acting or duly designated official. <br />2. The approval hereby given to the Assignment includes approval of such <br />additional details therein as may be necessary and appropriate and such modifications thereof, <br />deletions therefrom and additions thereto as may be necessary and appropriate and approved by <br />the City officials authorized by this resolution to execute the Assignment. The execution of the <br />Assignment by the appropriate officer or officers of the City shall be conclusive evidence of the <br />approval of the Assignment in accordance with the terms hereof. <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember and upon vote being taken thereon, the following voted in <br />favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />