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" Section 3. Findings for the Amendment of Tax Increment Financing Plans for Tax Increment Financing Districts No.1 Through No. 10. 3.01. The Council hereby finds that the amendment of Tax Increment Financing Plans for Tax Increment Financing Districts No. 1 through No. 10 to reflect increased project costs wi thin Development Dist r ict No.1, as amended, is intended and, in the judgment of this Council, its effect will be, to incorporate the amount of projected development costs as described in the Modified Development Program for Development District No.1. 3.02. The Council further finds that the amendment of Tax Increment Financing Plans for Tax Increment Financing Districts No. 1 through No. 10 is intended and, in the judg- ment of this Council, its effect will be, to promote the public purposes and accomplish the objectives specified in the Modified Development Program for Development District No . 1. Section 4. Approval of the Amendment to Modified Deve1- o~ment Program and Creation of. Pro\,osed Tax Increment F1nancing Plan for Tax Increment Financing District No. 11. 4.01. The Modified Development Program for Development District No.1, as amended, and the Tax Increment Financing Plan for Tax Increment Financing District No. 11 are hereby approved and adopted and shall be placed on file in the office of the Clerk-Treasurer. Section 5. Certification of Assessed Value. 5.01. Upon approval of the Tax Increment Financing Plan for Tax Increment Financing District No. 11 by the City, the City Economic Development Director shall request the Director of Property Taxation of Ramsey County to certify the original assessed value of all real property within the applicable parcels of Tax Increment Financing District No. 11, pursuant to Minnesota Statutes, Section 273.76. The motion for the adoption of the foregoing resolution was duly seconded by Counci1member Brandt , - 3 -