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City of Roseville,, Minnesota Section A Statement and Finding of Pudic Puirpose The Council of the Ciity has determiined that there was, and hereby reaffirms that there contiinu�es to be, a need for the Ciity to take certain aonions desiigned to encou�rage and faciil�iitate the priivate sector to (1) recreate and reiinforce a sense of residential place and secu�riity to create neighborhood cohesiiveness throuigh iinvestment in neighborhood iinfrastru�ctu�re and pu�bl�iic iimprovements; (2) rehabiil�iitate the exiistiing hour siing stock and preserve existing residential neighborhoods wherever possible; (3) reviital�iiz,e property to create a safe, attractiive, comfortable, conveniient and efficient area for residential use; (4) develop and redevelop u�nderu�tiil�iiz,ed, bl�iighted, cent amiinated and u�nuised land located wiithiin iits corporate l�iimiits; (5) iimprove the tax base of the Ciity, the County and the School Diistriict, thereby enabl�iing them to better u�tiil�iiz,e exiistiing pu�bl�iic faciil�iitiies and proviide needed pu�bl�iic serviices; (6) iimprove the general economy of the Ciity, the County and the State; and, (7) proviide additional employment opportunities for resiidents of the Ciity and the su�rrou�ndiing area. Speciifiical�l , the Ciity has determiined and reaffirms that there its property wiithiin the Ciity that its u�nuised dune to a varuety of factors, iincl�u�diing fragmented ownershiip, cent amiinatiion or bl�iighted iimprovements, whiich have resu�l�ted in a lack of priivate iinvestment. Further, iit was found and its reaffirmed that there are certaiin u�nderu�tiil�iiz,ed parcels of property wiithiin the Ciity whiich are potentii al�l�y more u�sefu�l�, produ�ctiive and val�ui abl�e than are being real�iiz,ed u�nder exiistiing condiitiions. As a result, the property its not proviidiing adequ�ate employment opportunities or l�iiviing environments and its not contriibu�tiing to the tax base and general economy of the Ciity, the County, the School Diistriict and the State to iits full potentii al�. Therefore, the Council has determined and hereby reaffirms that it is necessary to exercise its authority to develop, implement and finance a Program for improving the Project Area to (1) recreate and reinforce a sense of residential place and security to create neighborhood cohesiveness through investment in neighborhood infrastructure and public improvements; (2) rehabilitate the existing housing stock and preserve existing residential neighborhoods wherever possible; (3) revitalize property to create a safe, attractive, comfortable, convenient and efficient area for residential use; (4) facilitate clean up of contaminated properties; (5) improve and maintain the natural environment; (6) provide an impetus for private development and redevelopment; (7) maintain and increase employment; (8) utilize, enhance and supplement existing potential; and, (9) facilitate other activities as outlined in Section 1, Subsection F.1. of the Program. The Council has also determined and hereby reaffirms (1) that the proposed development or redevelopment would not occur solely through private investment in the foreseeable future; (2) that the Tax Increment Plans proposed herein are consistent with the Program; (3) that the Tax Increment Plans would afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development or redevelopment of the Project Area by private enterprise; and (4) that the Program conforms to the Comprehensive Plan of the City. The Council has further determiined and hereby reaffirms that the wel�fare of the Ciity, School Diistriict, County and State requ uses achive promotiion, attractiion, encou ragement and development of economiical�l�y sound hou�siing, iindu�stry and commerce to carry cult iits stated pu�bl�iic pu�rpose objectives. S�PRINGS�TED Page 3,