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<br />Section 5. <br /> <br />Approval and Adoption of the Progfam and Plan. <br /> <br />5.0 I. The Program and Plan, as presented to the Council on this date, including without limitation <br />the findings and statements of objectives contained therein, are hereby approved, ratified, established, and <br />adopted and shall be placed on file in the office of the City Administrator. <br /> <br />5.02. The staff of the City, the City's advisors and legal counsel are authorized and directed to <br />proceed with the implementation of the Program and Plan and to negotiate, draft, prepare and present to this <br />Council for its consideration all further plans, resolutions, documents and contracts necessary for this purpose. <br /> <br />5.03. The Auditor of Sherburne County is requested to certifY the original net tax capacity of the <br />District, as described in the Program and Plan, and to certifY in each year thereafter the amount by which the <br />original net tax capacity has increased or decreased; and the staff of the City of Elk River is authorized and <br />directed to forthwith transmit this request to the County Auditor in such form and content as the Auditor may <br />specifY, together with a list of all properties within the District, for which building permits have been issued <br />during the 18 months immediately preceding the adoption of this resolution. <br /> <br />5.04. The City Finance Director is further authorized and directed to file a copy ofthe Program and <br />Plan with the Commissioner of the Minnesota Department of Revenue pursuant to Minnesota Statutes 469.175, <br />Subd. 4a. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Council member <br />, and upon a vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />Dated: November I, 2004 <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />(Seal) <br />