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1990_1217.special_packet
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1990_1217.special_packet
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11/10/2011 3:11:41 PM
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a <br />reaf firms the f ind sings previlously made with respect to the <br />01 <br />establ,ishmeint of 'Tax Increment Financing Districts Nos. 1-12., <br />a a -,z of the <br />(b) The, proposed redevelopment in the opinion <br />City Council, would not occur solely through private 'investment <br />within the reasonably, foreseeable future and therefore, the use <br />41 0 1 <br />of tax increliment financing is deemed, necessary. <br />a <br />The reasons supporting this finding are thate, <br />*I <br />(c) The Tax Increment Financing Plans for Tax Increment <br />a <br />Finanicing D 11' stricts Nols,, 1-12 conform to the general plan for <br />tevelopment or redevelopment of the City of Roseville as a whole. <br />The reasons for supporting this finding are that. <br />The Tax Increment Financing Plans for Tax Increment <br />pi I a <br />Financing, Districts Nos. 1-12 will generally compliment and <br />serve to implement policies adopted in the City's <br />comprehen,s ive planis <br />(d) The 'Tax Increment Financing Plans will afford <br />maximum opportunity. consistent, with, the sound needs of the city <br />of Roseville as a whole, for the diev,elopment or redevelopment of <br />Devellopment District No,, 1, by private enterprise. <br />01 <br />1W <br />The reasons supporting this, finding are that. <br />The development activities are necessary so that <br />dieveilopment and redevelopment by private enterprise can <br />occur within Development DiLstrict No, 1,, <br />di <br />54 F1 4 The City Manager is further authorized and <br />0 <br />directed, to file a, copy of the Modified Tax Increment Financing <br />0 # <br />Plan amendments fbir Tax Increment Financing Districts No. 1-12 <br />with the Commissioner of Revenue. <br />
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