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. . . . , .". t ~ .. ,."!,....-r.A.. ,..- · ~ ment District No.1, Tax Increment Distr ict No. 2 and Tax Increment District No. 3 shall be the property described in the Financing Plans for the Tax Increment Districts, respec- tively, approved in Section 4 hereof. Section 4. Plans. Adoption of Development Plan and Financing 4.01. The Development Plan for the Development District and the Financing Plans related thereto, presented to the Council on this date, is hereby approved and adopted and shall be placed on file in the office of the City Clerk. The Development Plan and the Financing Plans are in the form attached hereto, and hereby made a part hereof, enti tIed "Amended Development Program, Development District No. 1 Plan and Tax Increment Financing Plans for the City of New Brighton, Minnesota, December 22, 1981." Section 5. ancing Plans. Implementation of Development Plan and Fin- 5.01. The officers of the City, the City's financial advisor and underwriter therefor, and the City's legal coun- sel and bond counsel are authorized and. directed to proceed with the implementation of the Development Plan and Financ- ing Plans and for this purpose to negotiate, draft, prepare and present to this Council for its consideration all fur- ther plans, resolutions, documents and contracts necessary for this purpose. Section 6. Certification of Assessed Value. 8 6.01. The Department of Property Taxation of Ramsey County, acting as County Auditor of Ramsey County, is hereby requ.es.ted,.tocer.tify . the or iginal,~ss~ssed value of all real property not previously certified:;'u-nde:i-"c'th'eAugustll,1.9al,,\~,~ Tax Increment Plan wi thin the applicable parcels of Tax \ Increment District No.1, Tax Increment District No. 2 and Tax Increment District No. 3 as described in the Financing Plans as most recently certified by the Commissioner of Revenue as of the date of the request by the City for certi- fication by the County Auditor, and each year hereafter to certify the amount by which the assessed value has 'increased or decreased from the assessed value said date and also to certify the proportion which any such increase or decrease bears to the total assessed value for the real property in the Tax Increment Districts for that year and also to remit to the City of New Br ighton each year, commencing on the date indicated in the Financing Plans for each of the Tax Increment Distr icts, respectively, that proportion of all taxes paid that year on real property in the Tax Increment Districts which the captured assessed value bears to the 4,,-, 'It:- i"!'...JoIO~7..:t- .. ~_. ,:,.../