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Councilmember Riley introduced the following resolution and moved for its adoption: RESOLUTION #20-048 RESOLUTION AUTHORIZING SPECIAL LEGISLATION FOR TAX INCREMENT FINANCING DISTRICT NO. 14 WHEREAS, the City of Ramsey, owns property in Tax Increment Financing District No. 14 (the “District”); and WHEREAS, the “five year rule” relating to the period where the City can enter into new TIF eligible projects and have the ability to reimburse the costs 100% is set to expire on November 28, 2021; and WHEREAS, the City of Ramsey has obtained special legislation in the past to extend the ‘five year” rule for the District which has allowed the City to finance projects within the District to promote growth and order development; and WHEREAS, the District has a statutory decertification date of December 31, 2040 and the proposed special legislation would not extend this date; and WHEREAS, the proposed special legislation is to extend the “five year rule” an additional five years to November 28, 2026. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City Council authorize Staff and City Officials to obtain special legislation to extend the “five year rule” for Tax Increment Financing District No. 14 to November 28, 2026. That the motion for the adoption of the foregoing resolution was duly seconded by Councilmember Kuzma, and upon vote being taken thereon, the following voted in favor: Mayor LeTourneau Councilmember Riley Councilmember Kuzma Councilmember Heinrich Councilmember Menth Councilmember Musgrove Councilmember Specht and the following voted against the same: None