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... ." Councilmember Schmidt introduced the following resolution, the reading of which was dispensed with by unanimous consent, and moved its adoption: CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 85-46 RESOLUTION APPROVING THE MODIFICATION OF DEVELOPMENT DISTRICT NO. lAND THE DEVELOPMENT PROGRAM RELATING THERETO AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 7 AND APPROVING THE TAX INCREMENT FINANCING PLAN RELATING THERETO BE IT RESOLVED by the City Council (the "Council") of the City of New Brighton, Minnesota (the "City"), as fol- lows: Section 1. Recitals. 1.01. It has been proposed that the City modify by enlargement Development Distr ict No. I and establish Tax Increment Financing District No. 7 therein and approve and adopt a Modified Development Program and proposed Tax Incre- ment Financing Plan with respect thereto, all pursuant to and in accordance with Minnesota Statutes, Chapter 472A, as amended, and Minnesota Statutes, Sections 273.71 to 273.78, inclusive, as amended. 1.02. The Council has investigated the facts and has caused to be prepared a proposed Modified Development Pro- gram for Development District No.1, defining more precisely the property to be added to Development District No. I and describing the action to be undertaken by the City to aid the development of Development Distr ict No.1, and has caused to be prepared a proposed Tax Increment Financing Plan defining more precisely the property to be included in Tax Increment Financing District No. 7 and other matters relating thereto. 1.03. The Ci ty has performed all actions required by law to be performed prior to the modification of Development District No.1, the establishment of Tax Increment Financing District No. 7 and the adoption of the Modified Development Program and proposed Tax Increment Financing Plan relating thereto, including, but not limited to, notification of Ramsey County and School Distr ict No. 621 having taxing