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", '# within the reasonably foreseeable future and, therefore, the use of tax increment financing is deemed necessary; that the Plans conform to the general plan for the development or redevelopment of the Ci ty as a whole; and that the Plans will afford maximum opportunity consistent with the sound needs of the City as a whole, for the development of the Development District and of Tax Increment Financing District No. 13 by private enterprise. 2.03. The Council further finds that the Plans are intended and, in the judgment of this Council, their effect will be, to promote the public purposes and accomplish the objectives specified in the Tax Increment Financing Plans and the Development Program for Development District No.1. Section 3. Approval and Adoption of the Plans. 3.01. The Plans, as presented to the Council on this date, are hereby approved, established, and adopted and shall be placed on file in the office of the City Clerk- Treasurer. Section 4. Certification of Assessed Value. 4.01. The officers of the City shall request the Direc- tor of Property Taxation of Ramsey County to certify the or iginal assessed value of all real property wi thin Tax Increment Financing District No. 13 and to recertify Tax Increment Financing Distr ict No.5, as so enlarged. The Plans shall also be filed with the Minnesota Department of Trade and Economic Development. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember vJilliams , and upon vote being taken thereon, the following voted in favor thereof: Benke. Blomquist. Brandt, Gunderman, Williams and the following voted against the same: Date of Adoption: November 24, 1987. ~ I \~Q(Jvf\ Margaret\A. Egan Finance Director/City Clerk - 3 -