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<br />Roseville's TIF Policy: Roseville uses TIF for the following: <br /> <br />. encourage and enhance individual choice in jobs and in housing to fit our <br />citizens needs <br />. encourage and enhance economically strong, stable job producing <br />commercial and industrial projects within the city which will create head of <br />household employment opportunities <br />. provide housing affordable to our residents <br />. provide life cycle housing opportunities <br />. provide for pollution abatement and soil correction <br />. protect and enhance natural resources <br />. protect individual and community property values by redeveloping blighted <br />buildings, land and public infrastructure. <br /> <br />The City uses tax increment financing investments as a tool to accomplish this policy. <br />The City is proactive in forming government collaborations and leverages private <br />investments on sites where a project would otherwise not be financially feasible. A <br />developer or business must demonstrate that the project as proposed cannot be built <br />without the use of a public investment incentive hence meeting the "but for" test. Each <br />project is evaluated on a case by case basis. <br /> <br />What TIF Has Done for Roseville - In the past, redevelopment within Tax Increment <br />Districts in Roseville has generated nearly $200 million in new market value', thousands <br />of jobs have been created, and the region has access to improved public infrastructure. <br />Roseville will remain conservative in its use of Tax Increment but TIF is one of the few <br />public tools that are critical to facilitate new investment and redevelopment, especially in <br />the older industrial areas such as Twin Lakes. <br /> <br />5 <br />