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<br />Councilmember WilliamI'; introduced the <br />following resolution, the reading of which was dispensed with by <br />unanimous consent, and moved its adoption: <br /> <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. <br /> <br />Q2-047 <br /> <br />A RESOLUTION MODIFYING THE DEVELOPMENT PROGRAM FOR DEVELOPMENT <br />DISTRICT NO. 1 AND MODIFYING THE TAX INCREMENT FINANCING PLANS <br />FOR TAX INCREMENT FINANCING DISTRICTS NO.1 THROUGH NO. 18 TO <br />REFLECT INCREASED PROJECT COSTS AND INCREASED GEOGRAPHIC AREA <br />WITHIN DEVELOPMENT DISTRICT NO. 1 AND CREATING PROPOSED TAX <br />INCREMENT FINANCING DISTRICT NO. 19 AND APPROVING AND ADOPTING <br />THE PROPOSED TAX INCREMENT FINANCING PLAN RELATING THERETO. <br /> <br />BE IT RESOLVED by the City Council (the "Council") of the <br />City of New Brighton, Minnesota (the "City"), as follows: <br /> <br />Section 1. <br /> <br />Recitals. <br /> <br />1.01. It has been proposed that the Council modify, approve <br />and adopt the Modified Development Program for Development <br />District No. 1 to reflect increased project costs and increased <br />geographic area, pursuant to and in accordance with Minnesota <br />Statutes, Sections 469.124 to 469.134, inclusive, as amended and <br />supplemented from time to time. <br /> <br />1.02. It has been further proposed that the Council modify, <br />approve and adopt the Modified Tax Increment Financing Plans for <br />Tax Increment Financing Districts No. 1 through No. 18 to reflect <br />increased project costs within Development District No.1, <br />pursuant to Minnesota Statutes, Section 469.174 through 469.179, <br />inclusive, as amended and supplemented from time to time. <br /> <br />1.03. It has been further proposed that the Council approve <br />the creation of proposed Tax Increment Financing District No. 19 <br />and approve and adopt the proposed Tax Increment Financing Plan <br />relating thereto pursuant to and in accordance with Minnesota <br />Statutes, Section 469.174 to 469.179, inclusive, as amended and <br />supplemented from time to time. <br /> <br />1 <br />