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! I ouncil Member Mnnrp-SykpR introduced the following resolution, the readi of which was dispensed with by unanimous consent, and moved its adoption: CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 05-111 LUTION MODIFYING THE DEVELOPMENT PROGRAM FOR DEVELOPMENT DIST CT NO.1 AND THE TAX INCREMENT FINANCING PLANS FOR TAX INCR MENT FINANCING DISTRICTS NOS. 2, 5-12, 14-20, 23 AND 25-31(NWQ SPE L LAW), CREATING TAX INCREMENT FINANCING DISTRICT NO. 32(NWQ SPE L LAW), CREATING HAZARDOUS SUBSTANCE SUBDISTRICT NO. 32A, AND DOPTING TAX INCREMENT FINANCING PLANS RELATING THERETO. BE IT RESOLVED by the City Council ("Council") of the City of New Brighton, ota ("City"), as follows: Section 1. Recitals. 1.01. It has been proposed that the Council approve and adopt the modifications evelopment Program ("Program") for Development District No. 1 ("Project Area") ct increased project costs and increased bonded indebtedness within the NW Quad as defined in Section 1.05. therein) and the Project Area, all pursuant to and in accor ance with Minnesota Statutes, Sections 469.124 to 469.134, inclusive, as ame ed and supplemented from time to time. 1.02. It has been proposed that the Council approve and adopt the modifications Tax Increment Financing Plans ("Existing Plans") for Tax Increment Financing s Nos. 2, 5-12, 14-20, 23 and 25-31(NWQ Special Law) ("Existing Districts") to increased project costs and increased bonded indebtedness within the NW Quad Project Area, all pursuant to Minnesota Statutes, Sections 469.174 to 469.1799 and ws of Minnesota 1998, Chapter 389, Article 11, Section 24 (the "Special Law"), both i elusive, as amended and supplemented from time to time. 1.03. It has been proposed that the Council approve the creation of Tax Incre ent Financing District No. 32(NWQ Special Law) ("District") within the NW Quad and t e Project Area and to approve and adopt the proposed Tax Increment Financing Plan 'District Plan") relating thereto, all pursuant to and in accordance with Minnesota Statu s, Sections 469.174 to 469.1799 and Laws of Minnesota 1998, Chapter 389, Articl 11, Section 24 (the "Special Law"), both inclusive, as amended and supplemented from i e to time.