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type of special, l,egi*slatilion, , milar to what" was approved 'in New Bri-ghton in 2001, <br />helps to remove the brownfield redevelopment barriers by creating a longer period o�-. <br />41 <br />term for redevelopment to occur and by, creating moire f1cxibility than current lawi <br />ail,lows, thereby, becoming more competitive. <br />2.5 Without thcse types of brownficld redevel III imcnt legislation, Roseville j"S at a <br />competitive disadvantage with the outer ring sublurbis and now, with neighbon"nig <br />I I <br />developed communities that have received this special legislation. <br />3. l The fiscal challenges, of land assembly, business, reloici,a,tion, and razing ofblighted <br />buildings, along with environmental, 'infrastructure, n,ei i ghborhood and market forces <br />requires creativity,, comnutment and perseverance (time I.). Twin, Lakes has been in the <br />planning stages since 1918,7. <br />3.14 suggested Leg&kdve Remedyi The suggested legislative remedy i's to request that <br />0 <br />the legislature (sponsored by a house and, senate legislator) enact spec�ial legislation <br />for the Clity of Roseville that allows, for the creation of new Tax, Increment Urban <br />Redevelopment Distdcts. The, special le islation would allow for the creation of new <br />91 <br />I I <br />tax, 'increment urban, red,evelopimen,t districts with the ability to,: <br />1. create new 25 year Ilp *ect specific" redevelopment districts where and <br />r0i <br />when needed throughout the Twin Lakes area. <br />2. allow for limited sharing of increment from one Twin Lakes "project <br />PF312312, — RCA — Spec Legislation Proposal Page 3 of 4 <br />4�` I <br />