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'III I Council Member Hoffman introduced the following resolution, the r ding of which was dispensed with by unanimous consent, and moved its adoption: CITY OF NEW BRIGHTON COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 06-1.22 ESOLUTION MODIFYING THE DEVELOPMENT PROGRAM FOR DEVELOPMENT TRICT NO.1 AND THE TAX INCREMENT FINANCING PLANS FOR TAX REMENT FINANCING DISTRICTS NOS. 2, 5.12,14.20, 23, 25~31(NWQ SPECIAL ) AND 32(NWQ SPECIAL LAW), CREATING TAX INCREMENT FINANCING TRICT NO. 33 AND ADOPTING A TAX INCREMENT FINANCING PLAN RELATING RETO. BE IT RESOLVED by the City Council ("Council") of the City of New Brighton, M nesota ("City"), as follows: Section 1. Recitals. 1.01. It has been proposed that the Council approve and adopt the modifications he Development Program ("Program") for Development District No. 1 ("Project Area") etlect increased geographic area, increased project costs and increased bonded btedness within the Project Area, all pursuant to and in accordance with Minnesota tutes, Sections 469.124 to 469.134, inclusive, as amended and supplemented from to time. 1,02, It has been proposed that the Council approve and adopt the modifications to he Tax Increment Financing Plans ("Existing Plans") for Tax Increment Financing Di ricts Nos, 2, 5-12, 14-20, 23, 25-31 (NWQ Special Law) and 32(NWQ Special Law) isting Districts") to reflect increased geographic area, increased project costs and eased bonded indebtedness within the Project Area, all pursuant to Minnesota utes, Sections 469.174 to 469.1799, inclusive, as amended and supplemented from to time, 1,04. The Council has caused to be prepared and has investigated the facts with ect thereto: (1) a modified Program for the Project Area reflecting increased 9 graphic area, increased project costs and increased bonded indebtedness within the 1,03. It has been proposed that the Council approve the creation of Tax ement Financing District No, 33 ("Proposed District") within the Project Area and to rove and adopt the proposed Tax Increment Financing Plan ("Proposed Plan") ting thereto, all pursuant to and in accordance with Minnesota Statutes, Sections ,174 to 469,1799, inclusive, as amended and supplemented from time to time. 1,1 III;