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<br />MUNICIPAL ACTION TAKEN <br /> <br />Based upon the statutory authority described in the Restated Development Program and <br />Tax Increment Financing Plans attached hereto, the public purpose findings by the ,City <br />Council and for the purpose of fulfilling the City's development objectives as set forth in <br />the Restated Development Program and Tax Increment Financing Plans, the City <br />Council has created, established and designated Development District NO.1 and the tax <br />increment financing districts located therein, pursuant to and in accordance with the <br />requirements of Minnesota Statutes, sections 469.124 to 469.134 and. 469.174 to <br />469.1799, inclusive, as amended and supplemented from time to time. <br /> <br />The following municipal action was taken in connection therewith*: <br /> <br />* This section is not a part of the Restated Development Program and is included only for <br />convenience of reference. <br /> <br />G:IWPDATAININEW BRIGHTONITlFIDEV\RESTATED HISTORY. DOC <br />