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� <br />A. <br />i� <br />C. <br />� <br />D. <br />E. <br />� <br />2/az/90 <br />TAX 3NCREMENT FINANCING DTSTRICT �O. 12 FINANCE PLAN <br />_�FISCAL DISPARITI�S) <br />Statutary Authority <br />The City of Roseville is authorized to create a tax <br />increment district pursuant to Minnesot� Statutes Sec�ion <br />469.174-.179. <br />Stat�ment of Objecti�es <br />See Section F, Subsection 1, <br />Prog�am, as modified. <br />Development Program <br />Part I of the Development <br />1. Description of Development Activities. In addition ta <br />the development activities described in Parts I through <br />VII, there ar� currently additional proposed project� <br />within Development Distr�ct No. 1. <br />A. NCR will be constructing its manufact�ring <br />facility in the rear area of its current facility. <br />Demolitian of the school fa�ility is required. <br />2. Development Activities Covered by Contracts: The City <br />will enter into a deve�opment agreements with NCR. <br />3. 4ther Development Not Under Contract Reasonably <br />Expected to OGcur in Development Dist�ict No. To Other <br />developm�nt �ot und�r cont�act reasonably expected to <br />occur in Development District No. 1 can be found in <br />"Paragraph C. Develapmen� Program 3.", in •each tax <br />increment financing plan previously adopted by the City <br />relating to Development District No. 1 It is expected <br />tha� additional development may occur in Development <br />�istrict i�o. 1 in the future; however, the nature and <br />timing of further development cannot accurately be <br />predicted at this time. <br />Description of Property in Tax Increment Financing District <br />No, 12. <br />03-29-23-32-0022-2 - A map revealing the location of the <br />parcels within Tax Increment Financing District No. 12 is <br />provided in Exhibit A. <br />Classification of Tax Increment Financing Di�trict No. 12 <br />The Roseville City Council in determining the need to create <br />a tax increment financing district in accordance with <br />Minnesota Statutes, Section 469.174-469.179 finds that Tax <br />