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enhanced honds as more fuily set forth in M.S, Section 4d9.1763, Subd. 5. <br />Aenewal and Aenovation District. At least 90 percent of the revenues derived from tax increment from <br />a renewal and renovation distract must be used to finance the cost of correcting conditions that alIow <br />designation of renewal and renovation districts under M.S'., S'ection 469.176 S'uhcl. 4j. These costs <br />include, but are not limited to, acquiring properties containing structurally substandard buildings or <br />improverrients or hazardous substances, pollution, or contaminants, acquiring adjacent parcels necessary <br />to provide a site oF sufficient size to perrnit de�elopm�nt, deznolition and rehabilitation of structures, <br />clearing of th� land, the rempval of hazardous s�bsta.nces or remediation necessary for de�elopment of <br />the Iand, and installation af utilities, roads, sidewalks, and parking facilities for the site. The allocated <br />administrative expenses of the City, including the cost ofpreparation ofthe development action response <br />plan, may be included in the yuaiifying costs. <br />5uhsec�ion 2-28. Summary <br />The City of Arden Hills is es�ablishing the Dist�ict to preserve and ent�ance the tax base, rede�eiop <br />substandard areas, and pro�ide employment opportunities in the City. The TIF Plan for the Distric� was <br />prepared hy Ehlers & Associates, Inc., 3Q60 Cenire Pointe Drive, Roseville, Minnesota 55113, telephone <br />(651}697-8500. <br />City of Arden Hills Tax lncrement Financing Plan far TiF District No. 4 2-14 <br />