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Councilmember Riley introduced the following resolution and moved for its adoption: <br />RESOLUTION #19-046 <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 (TIF) <br />Agreement, dated October 1, 2015 (the "TIF Agreement") with ParkView East, LLC, a Minnesota <br />limited liability company (the "Developer"). The Developer desires to assign its interest in the <br />TIF Agreement pursuant to an Assignment and Assumption of Tax Increment Financing (TIF) <br />Agreement (the "Assignment") by and between the Developer and Park View East - Minneapolis <br />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 submitted, and <br />the Mayor and the City Administrator are hereby authorized and directed to execute the <br />Consent and Acknowledgement of the City to the Assignment on behalf of the City. In the <br />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 additional details <br />therein as may be necessary and appropriate and such modifications thereof, deletions <br />therefrom and additions thereto as may be necessary and appropriate and approved by the <br />City officials authorized by this resolution to execute the Assignment. The execution of <br />the Assignment by the appropriate officer or officers of the City shall be conclusive <br />evidence of the 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 Kuzma, and upon vote being taken thereon, the following voted in favor <br />thereof: <br />Mayor LeTourneau <br />Councilmember Riley <br />Councilmember Kuzma <br />Councilmember Heinrich <br />Councilmember Musgrove <br />Councilmember Shryock <br />