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Twin Lakes Public Financial Participation Frameworl <br />=9 offT4 Von <br />Since 1988, the City of Roseville has worked <br />to spark investment in the 275-acre Twin <br />Lakes Redevelopment Area. The City <br />initiated the creation of a Master Plan for the <br />area,, which has been updated several times <br />since its inception. Over time, the importance <br />of this project has become deeply rooted <br />within the community, which is demonstrated <br />by the adoption of Twin Lakes Master Plan <br />into the City's Comprehensive Plan. <br />Area. <br />The following framework, which has been developed with consideration to community goals <br />articulated through the Imagine Roseville 2025 process, the Twin Lakes Master Plan (2001 �, and <br />the Twin Lakes Design Principles, describes general policies that the City of Roseville will use <br />when considering if to participate, what type of activities to assist with, and parameters of <br />participation. These policies are intended to clarify what is within the realm of consideration <br />when public financial participation is considered for elected officials, city staff, the public, and <br />the development community. <br />Mq liq <br />e <br />For all projects requesting financial assistance, the requestor must demonstrate to be verified by <br />the City), that the project is unlikely to proceed without the infusion of City funds. Beyond need, <br />developers must demonstrate how their project will advance the city's overarching objectives. <br />On the following page are eight community objectives and twenty-two scoring criteria by which <br />to measure potential achievement of these objectives. The objectives include a mix of uses, <br />enhanced aesthetics,, environmental quality and sustainability, relationship to parks, transit and <br />transportation options, diverse employment opportunities, diverse tax base, and diverse housing <br />options. In order for the City to consider financial assistance for an individual project, the project <br />must work toward achieving one-third of scoring criteria (seven criteria), within at least four of <br />the objective categories. <br />Page 1 , DRAFT: 2/1,3/2008 <br />