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. <br />e <br />� <br />C� <br />A. <br />:, <br />C. <br />3/30/90 <br />T.AX INCREMENT FINANCING DISTRICT NO. 11 FINANCE PLAIJ <br />(FISCAL DISPARITIES) <br />Sta�tutory Authority <br />The �City of" Roseville is �uthorized to create a tax <br />increment district pursuan�t to Niinnesota St�tutes. Sec�ion <br />46�.174-.179. <br />St�tement of Objectives <br />See SectioM �', Subs�cti�an 1, Part I of the Development <br />Program, as modifiedr <br />Development Pr�ogram <br />1. Description of Development Activities. In addition to <br />the development activitie� described in Parts I through <br />VII, there are currently additional proposed prrajects <br />witha.n Development Dis�ri�t No. 1. <br />A. A maj or redeve�.opment oi the Twin Lakes area intm <br />a mixed use development. The construction af new <br />roads, improvements in infrastructure and the <br />construction af a mixed use development which <br />would include housing, office space, commerci.al <br />a�d industrial. mh� City wc�uld be s�bstan�ially <br />involved in ameliorating traff ic �roblems relating <br />to this development. <br />B. Demolition of <br />Twin Lakes <br />�acilities. <br />the substandard buildings in the <br />area and construction a�' new <br />2. pevetopment Activities Covered by Contracts: �'l�e City <br />will enter into a development agreement with a major <br />developer relating to the Twin Lakes development. <br />3. Other Development Not Ur�der Contract R�asonably <br />Expected to Occur in Development District No. 1. Other <br />development not under contract reasonably expec�ed to <br />occur in Development District No. 1 ca� be foun�l in <br />"Paragraph C. Developmen� 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 />that additional development may occur in Development <br />District No. 1 in the Future; however, the nature anc� <br />timing of further development cannc�t accurately be <br />predicted at this time. <br />� D. Description of Property in Tax Increment Financing District <br />No . 11. <br />