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z/22/90 TAX INCREMENT FINANCING DISTRICT NO. --12 FINANCE PLAN (FISCAL DISPARITIES A. statutory Authority The City of Roseville is authorized to create a tax increment district pursuant to Minnesota Statutes: section 469.174-.179. B, statement of Objectives See section F. subsection 1, Fart I of the Development Program{ as modified. C, Development Program 1. Description of Development Activities. In addition to the development activities described in Parts I through VII,, there are currently additional proposed projects within Development District No, 1. A, NCR will be constructing its manufacturing facility in the rear area of its current facility. Demolition of the school facility is required,. Development Activities covered by contracts: The city will enter into a development agreements with NCR. 3. other Development Not Under contract Reasonably Expected, to Occur in Development District No, 1. Other development not under contract reasonably expected to occur in Development District No. I can be found in "Paragraph C. Development Program 3.11, in each tax increment financing plan previously adopted by the City relating to Development District No. 1 It is expected that additional development may occur in Development District No, 1 In the future; however, the nature and timing of further development cannot accurately be predicted at this time D. Description of Property in Tax increment Financing District No. 12 . 03- 29- 23- 3- 0022 -2 - A map revealing the location of the parcels within Tax Increment Financing District No. 12 is provided in Exhibit A. E Classification of Tax Increment Financing District No, 12 The Roseville City Council in determining the need to create a tax increment financing district in accordance with Minnesota Statutes, Section 469.174-469.179 finds that Tax