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<br />'- <br /> <br />Section 5. Findings for the Amendment of Tax Increment <br />Financing Plans for Tax Increment Financing Districts No.1 <br />Through No.8. <br /> <br />5.01. The Council hereby finds that the amendment of <br />Tax Increment Financing Plans for Tax Increment Financing <br />Districts No. 1 through No. 8 to reflect increased project <br />costs is intended and, in the judgment of this Council, its <br />effect will be, to incorporate the amount of projected de- <br />velopment costs and bonded indebtedness as described in the <br />Modified Development Program for Development District No.1. <br /> <br />5.02. The Council further finds that the amendment of <br />Tax Increment Financing Plans for Tax Increment Financing <br />Districts No. 1 through No. 8 is intended and, in the judg- <br />ment of this Council, its effect will be, to promote the <br />public purposes and accomplish the objectives specified in <br />the Modified Development Program for Development Distr ict <br />No . 1. <br /> <br />5.03. The Council hereby finds that the further amend- <br />ment of Tax Increment Financing Districts No. 1 through 4 to <br />extend the duration of said districts to December 31, 2000, <br />to reflect the receipt of tax increments levied in 1999 <br />payable 2000, is intended and, in the judgment of this Coun- <br />cil, its effect will be, to promote the public purposes and <br />accomplish the objectives specified in the Modified Develop- <br />ment Program for Development District No.1. <br /> <br />Section 6. <br />opment Program <br />Financing Plans <br />and No. 10. <br /> <br />Approval of the Amendment to Modified Devel- <br />and Creation of Proposed Tax Increment <br />for Tax Increment Financing Districts No.9 <br /> <br />6.01. The Modified Development Program for Development <br />District No.1, as amended, and the Tax Increment Financing <br />Plans for Tax Increment Financing Districts No. 9 and No. 10 <br />are hereby approved and adopted and shall be placed on file <br />in the office of the Clerk-Treasurer. <br /> <br />Section 7. Certification of Assessed Value. <br /> <br />7.01. Upon approval of the Tax Increment Financing <br />Plans for Tax Increment Financing Districts No. 9 and No. lO <br />by the City, the City Economic Development Director shall <br />request the Director of Property Taxation of Ramsey County <br />to certify the original assessed value of all real property <br />wi thin the applicable parcels of Tax Increment Financing <br />Districts No. 9 and No. 10, pursuant to Minnesota Statutes, <br />Section 273.76. <br /> <br />- 4 - <br />