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<br />i <br />j <br /> <br />~ <br /> <br />public purposes and accomplish the objectives specified in <br />the Modified Development Program for Development Distr ict <br />No.1, and the amendment of said Plans is hereby approved. <br /> <br />Section 4. Approval of the Amendment to Modified Devel- <br />opment Program and Creation of Proposed Tax Increment <br />Financing Plan for Tax Increment Financing District No. 12. <br /> <br />4.01. The the Modified Development Program for Develop- <br />ment District No.1, as amended, the establishment of Tax <br />Increment Financing District No. 12, and the adoption of the <br />Tax Increment Financing Plan for Tax Increment Financing <br />District No. 12, as presented to the Council on this date, <br />are hereby approved and adopted and shall be placed on file <br />in the office of the City Clerk-Treasurer. <br /> <br />Section 5. Certification of Assessed Value. <br /> <br />5.01. The officers of the City shall request the Direc- <br />tor of Property Taxation of Ramsey County to certify the <br />or iginal assessed value of all real property wi thin Tax <br />Increment Financing District No. 12, pursuant to Minnesota <br />Statutes, Section 273.76. <br /> <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by Councilmember Williams , <br />and upon vote being taken thereon, the following voted in <br />favor thereof: <br /> <br />Mayor Benke, Councilmembers Brandt, Gunderman, <br />Schmidt, and Williams <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />Date of Adoption: February 24, 1987. <br /> <br />R~. <br /> <br /> <br />- 3 - <br />