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TAX INCREMENT FINANCING PLAN FOR HAZARDOUS SUBSTANCE SUBDISTRICT NO.17A JUNE 20, 2005 A. St8tement of Objectives. See Section 1, Subsection F.1. of the Development Program. B. Development Program. See Section I. C. Parcels to be Included. The boundaries of Hazardous Substance Subdistrict No. 17 A (the "Subdistrict") are described on Exhibit 17 A-A and illustrated on Exhibit 17 A-B. D. P8rcels in AcqlJisition. The City may write down or acquire and reconvey real property, or interests therein, within this Subdistrict or elsewhere within the Project Area at the time or times as the City may determine to be necessary or desirable to assist or implement development or redevelopment within the Project Area or the Subdistrict. The City may acquire any of the parcels described on Exhibit I-A by gift, dedication, condemnation or direct purchase from willing sellers in order to achieve the objectives of the Development Program or the Subdistrict. E. Development Activity for which Contmcts h8ve been Signed. As of the date of adoption of the Tax Increment Financing Plan (the "TIF Plan") the City intends to enter into a Development Agreement with Roseville Twin Lakes LLC, a limited liability company, comprised of The Rottlund Company, Inc. and co-redevelopers for the activities listed below. F. Specific Development Expected to Occur. At this time it is anticipated that redevelopment activities within the Subdistrict will include the following: It is anticipated that the necessary removal and/or remedial actions will be undertaken and completed in order to facilitate the construction of approximately 240 lofts, 240 senior condominiums, 142 new urban townhomes, 82 gable town homes, 26 urban row townhomes, 151,800 square feet of big box anchor retail, 81,000 square feet of junior anchor retail, 46,150 square feet of office above these retail areas, 180,000 square feet of corporate office space, 72,563 square feet of additional retail, and 26,200 square feet of restaurant space. This redevelopment, with an estimated market value of $212,376,245, is expected to occur over a four to five year period. G. Prior PI8nned Improvements. The City shall, after due and diligent search, accompany its request for certification to the County Auditor or its notice of Subdistrict enlargement with a listing of all properties within the Subdistrict for which 1