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3.~)! '~.'}~c Council further finds that the establishment of <br />Tam.~ In(~reme~.i~ Financing District No. 2 and the approval and <br />adopt:io:~ <~f '~he Tax Increment Financing Plan relating thereto is <br />intende~ ~(~, J_r~ the judgment of the Council, its effect will be <br />to prom.~)t~ '; he public purposes and accomplish the objectives <br />specifi~w~ i~-~ 'l~'he Tax Increment Financing Plan. <br /> <br /> Sec'[:io~ ~.. _Approval of the Proposed Development Proqram and <br />Prop_~sed ~'.7._,-~ IDcrement Financing Plan. <br /> <br /> 4.~iI '1'! e proposed modified Development Program for Develop- <br />ment D_~s;t~:~ ~'~ No. 1 and the Tax Increment Financing Plan for Tax <br />Increme:.:-[ ~,'J ~anc J. ng DJ.strict No. 2 are hereby approved and <br />adopt~d ~ <br /> <br /> 4..~');; '_~'.t× Increment Financing District No. 2 is hereby <br />es rabbi i:~;] ~,~':. <br /> <br /> 4. <)i~ 'P,~e geographic boundaries of enlarged Development <br />Dis~.rJ.c'k ]'.I<~. [;. and of Tax Increment Financing District No. 2 are <br />describ~_~ i~ the Developmen% Program and Tax Increment Financing <br />Plans t}~f'3 f:'~f(~7 and are incorporated herein by reference. <br /> <br /> 4.~)/! ':'1~e City Administrator is authorized and directed to <br />transmJ'~ ~ ~-ertified copy of this resolution together with a <br />certifi~; c~.,~ ~V of the Development Program and Tax Increment <br />FinancJ.~ i)[i:m to the County Auditor of Anoka County with a <br />request -i,t~.i ~he original assessed valuation of the Tax Increment <br />Financi);~,: i,~i~,~J~rict be certified to the City pursuant to Section <br />273.76, ?~,bci,, 1 of the Tax Increment Financing Act and to file a <br />copy of ~ti~,~ !~evelopmen~ Program and Tax Increment Financing Plan <br />wi~h l~h~,. i'.,li.~,,~,~o-~_a Conm~issioner of Energy and Economic Develop- <br />men%. <br /> <br /> -~,~)!-~ ';~I,e City may at the appropriate time take action to <br />issue a.~{ ~{<~ii.]. its general obligation bonds pursuant to the Tax <br />Incre]ne)~ i*:Ji~2~ncJng Act to finance the public costs identified in <br />tho. Tax ~1~,~ ~men~k Pin,nc, lng Plan. <br /> <br /> xh~ ~ot~on for the adoption of the foregoing resolution was <br />duly sccc?~d,:; ~i b~ ~~~ Mayor Heitman , and ~pon <br />vo'te be;~r~ t;;~ken thereon, the following voted in favor thereof: <br /> <br /> ['.4~,'~,,~, ~, i tma~, Counc~ lmer~ers Cox, Reimann, Schlueter and Sorteberg <br />and %be ~;o{'.*;wing voted against the same: <br /> <br /> <br />