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Last modified
7/17/2007 9:17:38 AM
Creation date
4/25/2005 12:15:51 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
7503
Resolution Title
Modifying Development Program and Tax Increment Financing Plan for Development District No. 1 and Redevelopment Districts No. 1 and No. 2
Resolution Date Passed
5/9/1983
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<br />City has reviewed in detail the costs associated with <br />developing those parcels within Redevelopment District No. 2 <br />which have serious terrain, drainage, and soil problems. This <br />information has also been reviewed with interested <br />representatives of the development community. Again, it is the <br />opinion of the City Planner, the Planning Commission, the City <br />Council, and the development community that neither the scope, <br />nor the quality of redevelopment proposed would occur solely <br />through private initiative. <br /> <br />(d) The Tax Increment Financing Plan set forth in <br />the Plan conforms to the general plan for development or <br />redevelopment of the City of Roseville as a whole because: <br /> <br />(i) The Tax Increment Financing Plan will <br />generally complement and serve to implement <br />numerous policies adopted in the Comprehensive <br />Plan. These policies have been set forth on pages <br />16 through 20 of the Plan; <br /> <br />(ii) The Comprehensive Plan specifically <br />endorses the policy of converting industrial <br />properties which enjoy a high level of visibility <br />from major roadways to higher valued business <br />uses, which will be substantially implemented <br />through the Tax Increment Financing Plan; <br /> <br />(iii) The Comprehensive Land Use Plan <br />proposed the changes in land use designation which <br />have since been implemented through the Tax Incre- <br />ment Financing Plan preparation process; and <br /> <br />(iv) Two of the key improvements needed to <br />facilitate the Tax Increment Financing Plan, the <br />Long Lake Road extension, and the County Road B-2 <br />bridge construction, were proposed and adopted in <br />the Comprehensive Plan. <br /> <br />(e) The Tax Increment Financing Plan will afford <br />maximum opportunity, consistent with the sound needs of the <br />City of Roseville as a whole, for the development or redevelop- <br />ment of Development District No. 1 by private enterprise. The <br />City of Roseville has a long-standing tradition of cooperation <br />with the private sector and has consulted extensively with <br />representatives of the development community in the preparation <br />of the Tax Increment Financing Plan. Based on this objective <br />of cooperation and the specific input of the development <br />community, the City structured the distribution of improvement <br />
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