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he current ear's County ssessoes records) of <br /> (as determined �� t � <br /> structures <br /> within a 500 foot radius of the "blighted" structure. <br /> V, Construction subsidy <br /> of or rent subsidy for, low income housing of all types. <br /> • subsidies equivalent to u to ten ( 10) years property takes for <br /> vN. Construction subs�d�es u � <br /> • ult�famil structures which, because of their high <br /> commercial, i ndustnal, or rr y . <br /> • construction, will have a construction value of <br /> �ualrty materials, design, and <br /> at least 133% of the year ear average building valuation for similar <br /> occupancies as p y <br /> published the Minnesota Building Code Office. <br /> vii. Public infrastructure pro�' cts of a local or regional nature (which are located <br /> tine cF that benefit the site or future development <br /> �n or �� through � <br /> potential, but a re not normal ly financed through general property taxation. <br /> viii. Other building, land or infrastructure uses or <br /> improvements allowed wfthin State Statutes 469.175 which are approved by the City <br /> Council during the project review. <br /> SECTION 3. Tax-Increment F u n <br /> d nd P li ies. All tax increment revenuers, after <br /> and direct project comrnrtrr�ents have been met, v�ril1 be <br /> annual debt service requirements a � � <br /> • T FUND. An annual summa of all TlF districts will <br /> be deposited rate the �A 1�I �EII�EIV <br /> � t value increment collected, increment obligated <br /> compiled showing original base made w . <br /> � five projects, and district cash balance. In <br /> ro` costs, etc.) expend du res, p r pect p !(debt, � � obligated r aced to other <br /> increments have been generated and are not g <br /> di stn s where excess I policies to <br /> • the Council will evaluate overall financial <br /> districts or � �ve Projects, sited in the <br /> ' `ct should be closed or the excess increment depo <br /> determine whether t�� dl��n • i Y T •i <br /> TAB IhIF�EiI�ENT FUND. the allocation of revenues w�thin this fund vr��1l be utilized as <br /> follows: <br /> r l Development Fund of 75% of tax increment revenues <br /> A. Ecor�or�icl�#ou� � <br /> a . <br /> ver debt son► shall established to assist in maintaining the community's tax <br /> • stability and Toth; to provide for maintaining and <br /> base; to provide for economic s g � . <br /> • ; to enhance job cre on within the community; to <br /> crea�r�g ��alrty housing stodgy, I <br /> i 1 stron stable job roducing commercial and <br /> encourage and enhance economically ca g, <br /> g <br /> industn al projects wthin the dity which wll create employment o pp <br /> ortunibes, to <br /> s matching the <br /> able housing; to provide a range of housing g <br /> �mv�ie afFo g abatement <br /> • es of our residents; to provide far pollution <br /> vanety of life styles and ages . . <br /> • d enhance natural resources; to protect individual <br /> and soil co on; to proms an . <br /> • redeveloping blighted buildings, land and public <br /> and community �� values by p� . <br /> `n a positive financial environment to create innovative, <br /> �nfrastmm�and by g <br /> neighborhood oriented investments. <br /> B. An Inslr�ofiur� Irrr�r�vemer�� <br /> Fund of �1 % of increment revenues after debt <br /> • assist the in providing needed public facilities <br /> service shall be established to �y R <br /> 4 <br />