6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083

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(AS MODIFIED DECEMBER 13, 2010) The estimated costs of the public improvements to be made within Development District No. 1 and financed by tax increments derived froEn the Tax Increnrkenf �inancing Districts within Developnae�E District No. i are described on the attached Exhibit I-A and in each Tax Increment Financing Plan. Section l.fi. Environmental Control. The proposed development or red�veloprnent in Development District No. 1 does not present significant environinentai concerns. All municipa� actions, public improvements and private developnnent ar redevelopment shall be carried out in a manner consistent with existing environmental standards. Section 1.7. Administration and Maintenance. Maintenar►ce and op�ration of the public improvements will be the responsibiIity of the City Administrator who shall also serve as Administrator of Development District No. 1. The powers, duties and responsibilities of the Adrninistrator are spelled atit in tf�e Administrative Guide for the Administration of the Development Program for Development District No. f, attached hereto as Appendix A. Each year the Administrator will submit to the Couneil the maintenance an.d operation budget for the foiiowing year. The Adtninistrator will adrninister Development District No. I pursuant to the provisions of the Development District Act and the Tax Increment Financing Act; provided, however, thai such powers may only be exercised at the direction of the City. No action talcen by the Administrator pursuant to the abov�- mentioned powers shall be effective without autharization by the City. Section 1.8. Rehabilitation. Owners of properties within Develapment District No. 1 will be encouraged to rehabi�ztate their properties to conforrn with the applicable state and Iocal codes and ordinances, as well as any design stanciards. Owners of properties who purchase property witi�►in Development Disirict No. 1 irom the City may be required to rehabilitate their praperties as a condition of sale of 1and. The City wi�I provide such rehabilitation assistance as may be avaiIable fronn �ederal, state, or local sources. A de�eloper or redeveloper may be any person, business, cozporation or government unit, including tk�e City. A developer or redeveloper may initiate a plan and participate with the City in the developrnent or redevelopment th�reof. Section 1.9. Relocation. The City accepts its responsibility for providing for relocation, if and when appIicable, puesuant to Minnesota Statutes, Section �69.030. Section 1.14. Bo�daries. The parcels included within Development Dis�rict No. I are described on the attached Exhibit I-B and the boundaries of De�elopzx�ent District No. 1 are illustrated vn Exhibit I-C. {AS MODIFiED MAY 27, 1997) This modification of Development District No. 1 is to increase the District boundaries to add a small area of property beiween two existing areas of the Development District and to clarify that the boundaries include all internal and adjacent streets and rights-of-way. The boundaries of Development District No. 1 are described on the attached Exhibit I-B and illustrated on Exhibit I-C.