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Council Member Gunderman introduced the following resolution,_ the reading of which was dispenses with by unanimous consent, and moved its adoption: CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. <lQ-7r::, A RESOLUTION RELATING TO THE DECERTIFICATION OF A PORTION OF TAX INCREMENT FINANCING DISTRICT NO. 15 WHEREAS, the City Council (the "Council") of the City of New Brighton (the "City") established Development District No.1 (the "Project Area") and within its Project Area established Tax Increment Financing District No. 15 ("District No. 15") and adopted a Tax Increment Financing Plan relating thereto on March 22, 1988, pursuant to Minnesota Statutes, Sections 469.124 to 469.134 and 469.174 to 469.179, inclusive, as amended, and as may be supplemented from time to time; WHEREAS, the Council established Tax Increment Financing District No. 29 ("District No. 29") within its Project Area and adopted a Tax Increment Financing Plan relating thereto on June 22, 1999, pursuant to Minnesota Statutes, Sections 469.124 to 469.134 and 469.174 to 469.179, inclusive, as amended, and as may be supplemented from time to time; and WHEREAS, the Council has proposed to decertify certain property located within District No. 15 and to include such property in District No. 29, as provided in the Tax Increment Financing Plan for District No. 29. NOW, THEREFORE, BE IT RESOL VED by the City Council of the City of New Brighton, Minnesota, that the following described property is hereby decertified from the City's District No. 15: PIN No. 29-30-23-43-0007 The East 100 feet of Lots 1 and 2, Block 1, Brouillette Park. Adopted by the Council of the City this 10th day of August, 1999. The motion for the adoption of the foregoing resolution was duly seconded by Council Member Hoffman , and upon vote being taken thereon, the following voted in favor thereof: