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¢ <br />C� <br />� <br />E. <br />F. <br />G. <br />The parcels that are to be included in Tax Increment <br />Financing District No. 11 are listed on the Property Tax <br />Master List in Exhibit A. A map revealing the location of <br />the parcels within Tax Increment Financing District No. 11 <br />is provided in Exhibit A. <br />Classification of Tax Increment Financing District No. 11 <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 />Increment Financing District No. 11 is a redevelopment <br />distri.ct pursuant to Minnesota Statutes, Section 469,174, <br />Subdivision 1.0(a) (2). Parcels consisting of 70% of the <br />area of the district are occupied by buildings, streets, <br />utilities or other improvements. Eight of the 40 buildings <br />nr 20% are structurally substandard and twelve of the 40 <br />buildings or 30� are in need of substantial renovation or <br />clearance. A report from City staff indicating how these <br />buildings qualify is on file in the office of the Director <br />of Community Development. In accordance with Minnesota <br />Statutes, Section 469.175, Subdivision 3, the City will <br />retain this report and this report will be available to the <br />public by the City until Tax Increment Financing District <br />No. 11 is terminated. Thus, Tax Increment Financia�g <br />District No. il meets the statutory requirements of a <br />redevelopment district and will henceforth be referred to as <br />a redevelapment tax increment financing distric�. The <br />parcels that ha�re been used to establish eligibility as a <br />redevelopment tax increment financing district are listed in <br />E�hibit A, Property Tax Master List. <br />Parcels to Be Acquired <br />The City intends to acquire <br />Financing District No. 11 for <br />These properties are listed in <br />Estimate of Costs <br />property within Tax Increment <br />resale ta private developers. <br />Appendix A. <br />In addition to the project expenditures previously <br />authorized by the City Council and set forth in the tax <br />increment financing plans previously adopted for each tax <br />increment financing district within Development District I�o. <br />1, there are addition�l project expenditures as follows: <br />1. Public Impravement and infrastructure <br />requirements for the area. <br />2. Purchase, write down, and demolition <br />of substandard areas for new mixed <br />use development. <br />$25,000,000 <br />�20,000,000 <br />