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4/23/93 <br />TAX INCREMENT FINANCiNG DIaTRICT_N0. 13 FINANCE PL M <br />(FISCAL DISPARITIES) <br />A* statutory Authority <br />The city of Roseville is authorized to create a tax <br />increment district pursuant to Ki = sota statutgs. Section <br />469.174 - *179. <br />Be Statement of Objectives <br />See Section F Subsection 1 Fart I of "s Development <br />Program, as modi f ied . <br />Cs Development Program <br />1. Description of Development Activities. In addition to <br />the development activities described in Farts I through <br />VII. there are. currently additional proposed projects <br />within Development District No. I. <br />As College Properties inc. will be clearing a <br />blighted site'and constructing the following: <br />1. 36 Bed Residential facility for ail zheimers ' <br />Patients <br />29 90 Dwelling Unit Assisted Living Senior <br />Apartment <br />3* 140 Dwelling Unit Independent Living senior <br />Apartment. <br />4s 57 Unit hotel <br />5,, Future Office Ruildin for college related <br />uses <br />6. An existing 23 unit apartment building will he <br />renovated for student housing. <br />2* Development Activities ' Covered by contracts: The city <br />will enter into a development agreement with College <br />Properties Inc* <br />3s other Development Not Under' Contract Reasonably <br />Expected to occur in Development District loo. 10. other <br />development not under contract reasonably expected to <br />occur in Development District No,, 1, can be found in <br />"Paragraph C. Development Program 3.11 , in each tax <br />r <br />increment financing plan previously adopted by the City <br />relating to Development District loo. 1 It is expected <br />that additional development may occur in Development <br />District Noel in the future; however, the nature and <br />titirig of further development cannot accurately be <br />predicted at this time. <br />