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• <br />B. The City Council has investigated the facts and has caused to be prepared a <br />proposed Modification to the Development Program for Development District No. 1 and. a <br />proposed Amendment to the Tax Increment Financing Plan for Tax Increment Financing District <br />No. 2 defining more precisely increased public costs to be included in Development District No. <br />1, and has caused to be prepared a proposed Tax Increment Financing Plan for Tax Increment <br />Financing District No. 8; and <br />C. The City has performed all actions required by law to be performed prior to <br />the proposed adoption of the Modification to the Development Program for Development District <br />No. 1, the proposed adoption of the Amendment to the Tax Increment Financing Plan for Tax <br />Increment Financing District No. 2, and the proposed establishment of Tax Increment Financing <br />District No. 8 and the proposed adoption of a Tax Increment Financing Plan therefor, including, <br />but not limited to, notification of Anoka County and Independent School District No. 11 having <br />taxing jurisdiction over the property to be included in Tax Increment Financing District No. 8 <br />and the holding of a public hearing upon published and mailed notice as required by law; and <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of <br />Ramsey as follows: <br />1. Development District No. 1. The City of Ramsey is not modifying the <br />boundaries of Development District No. 1. <br />2. Modification to the Development Program. The City of Ramsey is <br />modifying the development program for Development District No. 1 to allow for the increased <br />costs associated with Tax Increment Financing Districts Nos. 2 and 8 as described in the <br />respective modifications to the development programs for Development District No. 1, a copy of <br />which is on file in the office of the City Administrator, and the modifications to the development <br />programs are adopted as the Modification to the Development Program for Development District <br />No. 1. <br />3. Tax Increment Financing District No. 2. The City is not modifying the <br />boundaries of Tax Increment Financing District No. 2. <br />4. Amendment to the Tax Increment Financing. Plan. The Tax Increment <br />Financing Plan for Tax Increment Financing District No. 2 is amended as set forth in the <br />Amendment to the Tax Increment Financing Plan. The City Council makes the following <br />findings with respect to Tax Increment Financing District No. 2: <br />(a) Tax Increment Financing District No. 2 when established was established as a <br />redevelopment district as defined in Minnesota Statutes, Section 469.174, Subd. 10(a)(1). The <br />City reaffirms the findings previously made with respect to the establishment of Tax Increment <br />Financing District No. 2. <br />1212291.2 <br />