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51 RESOLUTION AUTHORIZING THE ACQUISITION 52 OF CERTAIN PROPERTY FOR PUBLIC USE 53 BY RIGHT OF EMINENT DOMAIN 54 0 4. 55 WHEREAS, the City of municipal Roseville i V s a mucipal corporation organized and existing 56 pursuant to the Constitution. and laws of the State of Minnesota and its charter and is governed �57 by the City Council (the "Council"); 58 WHEREAS, the City has established De-vrelopment District No, I (the "Project Area") 59 under the authority of Minnesota Statutes, Chapter 469 the "Act") and in particular sections 60 469.058, 469.0,82 and 469.124 through 469.134 thereof, and in accordance with the provisions of 61 this Agreement, and subject to all applicable requirements of the Act, has established a Tax 62 Increment Financing District (the "Tax Increment District") within the Project Area and adopted q dt 63 a Tax I ncrement Financi I ng Plan (the "Tax Increment PlaW") for the Tax Increment District to 64 facilitate the financing of public development and redevelopment costs in the Project Area; 65 WHEREAS, the City deems it to be in the public interest to facilitate and encourage 66 redevelopment of the Project Area by a combination of public and private activity within the 67 Project Area and in accordance with the Tax Increment Plan, 68 )AWREAS., Opus Northwest, LLC ("Developer"') has, proposed an office development 69 (hereinafter defined as the "Project") within such Project Area which the City believes will 70 prolnote. and carry out the objectives for which redevelopment is undertaken, will be in the vital 71 best interests of the City, will promote the health, safety, morals, and welfare of its residents and 10 J, 72 will be in accordance with ► the public purposes and pro,visilons of the applicable state and local 73 laws and re qu irements under which activities within the Project Area have been undertaken and 74 are being assisted; Ki