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City of Roseville,, Minnesota <br />Section A Definitions <br />T'hie terms defined in this section have the meaniinigs giveni hiereini, uniless the co�nitext in which they are used inid�icates <br />a different mee aniinig: <br />"Aut meeanis the Roc seevillee Housin g and Redevelopment Authio�rity, I ininieeso�ta. <br />"City" meeanis the City of Roseevillee, I ininieeso�ta; also referred to as a "Municipality". <br />"City Council" meeanis the City Council of the City; also referred to as the "Governing Body". <br />"Countv" meeanis Ramsey County, I ininieeso�ta. <br />"Dee veelopmeenit District" meeanis the City's Development District No. 1 in the City, originally created October 13, 1982, <br />which is described in the co�rrespo�nid�inig Development P,ro ram. <br />"Dee veelopmeenit P,rogram" meeanis the Restated Development P,ro ram for the Development District dated Juniee 20, <br />2005. <br />"P'romee ct Area" meeanis the geeo raphiic area of the Development District. <br />"Schioo l District" meeanis Roc seevillee Area Schio�o�l District No. 623, I ininieeso�ta. <br />"State" meeanis the State of I ininieeso�ta. <br />"T'IF'Act" meeanis I ininieesolta Statutes, Seectiolnis 469.174 through 469.1799, booth i iniclusivee. <br />71 F District" meeanis Tax Inicremeenit Financing (Holusinig) District No,. 18. <br />71F' Plan" meeanis the tax inicremeenit financing plan for the T'IF'District (this d�oicumeenit). <br />Section B Statement and Finding of Pudic Purpose <br />lin ill �lilp�lill� ;p�;;��1111111�1111liii; <br />Ulm W <br />Section C Statutory Authorization <br />in ill �lilp�lill� ;p�;;��1111111�1111liii; <br />Ulm W <br />Section D Statement of Objectives <br />Section E Designation of Tax Increment Financing District as a <br />Houisin�g District <br />Pursuant to, the TI Act, the City seeeeks to, createe TI District No,. 18 and ad�olpt a TI Plan for the TI District. Thee <br />Authioirity will revieew the TIF'Plani prior to, City ad�olptiolni. T'IF'District No,. 18 is a Holusinig District. <br />Holusinig d�istricts are a type of tax inicremenit financing d�istrict thiat coinisist of a project intended for oiccupanicy, in part, <br />illy persoinis or families of low and mold�erate inicolme. Low and mold�erate incom is defined in fed�eral, state, and <br />SP" RINGS�TED Page 1 <br />