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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE F F x x x x w * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 9th day of June, 2014, at 6:00 p.m. The following members were present: McGehee, Willmus, Laliberte, Etten, Roe and the following were absent: None. Member McGehee introduced the following resolution and moved its adoption: RESOLUTION No. 11154 RESOLUTION EXPRESSING INTENT TO CREATE AND ADMINSTER A HOUSING TAX INCREMENT FINANCE DISTRICT FOR AND CONSIDER THE WAIVING OF SEWER ACCESS CHARGES FOR THE REDEVELOPMENT OF 2785 FAIRVIEW AVENUE WHEREAS, the City of Roseville has been working to redevelop the Twin Lakes Area and has identified a need for mixed income housing to meet the community needs identified in the 2013 Comprehensive Multifamily Housing Needs Analysis; and WHEREAS,the City Comprehensive Plan goal is to provide a wide variety of housing options in order to retain and attract a diverse mix of people and family types with various economic statuses, ages, and abilities; and WHEREAS, the City has been working to redevelop a contaminated and blighted property in the Twin Lake Redevelopment Area; and WHEREAS, the City has adopted the Twin Lakes Public Financial Participation Framework on March 3, 2008 and the proposed project meets 1/3 of the scoring criteria for Tax Increment Financing Assistance in the Twin Lake Redevelopment Area; and WHEREAS, Sherman Associates has been working on redeveloping 2785 Fairview into 190 units of mixed income housing; and WHEREAS, it is anticipated that to successfully redevelop 2785 Fairview into mixed income housing will require assistance in the form of Tax Increment Financing in order to achieve financial feasibility; and