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<br />SECTION I. <br /> <br />TAX INCREMENT FINANCING PLAN FOR <br />TAX INCREMENT FINANCING DISTRICT NUMBER 1-6 <br /> <br />Subsection 2. 1. Statement of Ob1ectives. <br /> <br />TIF District 1-6 is being created to fadlitate development of a 32,000 square foot mixed use building on <br />parcels in the downtown area. See Section I, Development Program for Development District No.1, <br />Subsection B, Statement of Objectives. <br /> <br />Subsection 2.2. DeveloDment Proaram. <br /> <br />See Section I, Development Program. <br /> <br />Subsection 2.3. Parcels to be Included in Tax Increment Financina District No. 1-6. <br /> <br />The following parcels are located in the aty of Centerville, County of Anoka, State of Minnesota: <br /> <br />Lot 1, 2, 3, 4, 5, 6, 7 & 14, Block 7, Centerville <br />(Parcel Numbers - 23-31-22-23--0005, 23-31-22-23-0006, 23-31-22-23-0007, 23-31-22-23-0008, <br />23-31-22-23-0009,23-31-22-23-0010,23-31-22-23-0014) <br /> <br />(See EXHIBIT 1 for the map of Tax Increment Rnancing District No. 1-6) <br /> <br />Subsection 2.4. Parcels in Acauisition. <br /> <br />The aty will be acquiring all parcels with this development project. <br /> <br />Subsection 2.5. DeveloDment District Activities in DeveloDment District No.1 for which Contracts <br />have been Sianed. <br /> <br />The following contracts have been entered into by the City and the persons named below: <br /> <br />Subsection 2.6. other SDecific DeveloDment EXDected to Occur within DeveloDment District No.1. <br /> <br />32,000 square foot retail/residential mixed use development (See EXHIBIT 4) <br /> <br />-Page1- <br />