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� The parcels that �re <br />Financinq District No. <br />Master List in Exhibit <br />the parceis within Tax <br />is provid�d in Exhibit <br />E. <br />� <br />�Y <br />�a <br />� <br />t� be included in Tax Increment <br />11 are listed on the Property Tax <br />A. A map revealing the location of <br />Tncrement Financing District No. 11 <br />A. <br />Classificat�an of Tax �ncrem��t Financing District No. li <br />The Ro�evill� Ci�y Cau�cil �n determining the nee� to create <br />� tax incr�m��t finan�ing distri�t in accordanc� with <br />Minnesat� S�atut�s, Se��ian 469.i74-9�9.179 fi�ds that Tax <br />Increment Fi��ncing Diatrict No. 11 is a redevelopment <br />di��rfct pur�u��t �v Minrie�ota Sta�utes, Sectfon 46�,174, <br />Sub�ivieio� l�tsj (2). �arc�l� co�8is�ing of 70$ of the <br />���a o� th� d�$trict ar� occupfed by buildin��, stree�s, <br />utii��i�� or ot��� f��rove���ts. �ig�t of th� 4a build�ngs <br />or ��� ara �tru��ura�l� �u�st��d�rd ��d twelve of the 40 <br />buildin�s or 3A� �r� �n ���a �� �ubsta�ti�l renovation or <br />cle���n�e. ��e�or� F�o� ���y st�ff f�d�c��ing how th�s� <br />�au�l+ding� qua�lify �� or� fil� �n tt�� a�fice o� khe Dfr�ctor <br />o�' Co��un��� ��v�lo�mQr�t. In �,�co�dan+�e �r�lth Minn�sota <br />���tu��s, ��a�iare �6�►. �7'S, Stabcl�vis�o� �, thc� City will <br />rc�t��in thi� repe�t �nd �hi� r�po�� w.��l b� av�ilablo ta the <br />p�ab�ic b� tri� �ity c�e��i� Tax I�rc�e�e�n� l�in�ncing Di�tric� <br />�o. i� is ��et�r��n�te�a �'�u�, T`��c In��em�nt Fi�ancing <br />o�s����� Ns�, �I �a�+�t� �.t�e �t�tu���y ��c�ir�men�� ag a <br />�@�+�velopm�r�t �iisk�ic� a�t�d w�,�.i� h�n�a�o�r�h be� r�ferree� �o as <br />a �adr��r���p�a�nt k�x in������� �iraanciraq c�i�tr�i��. �he <br />�A��@�� th�t l�av� ��en u�s+�d �o +��t��sli�t� ��iqil���,it�r �s e <br />��c�Qvcla��a+�nt ���c �rrc����nt l�n�r���ng c�is��r��t a�� 1 i��Qd i� <br />�xh�b�t �1, ��ap►e�ty ��x ��s�m�r L�l��. <br />C�ii�4Q�i7 40 �� ��Y�i +iiF�6�� <br />�ha ���y i�nt�n�� �o �c�vi�°� �r������ w�th,�ra �ax Iracx�me�t <br />�'��n�n��a�c� �i�t�ic� t��a. �i �c►� r��e�� �a �priv�t� dev��o�ers, <br />�'t���ca ��ap���i�s �r� �����c� ,�� ��p+�nc��x h. <br />��� i�atc� of Cost� <br />�� �d�ditiQ� �o� the pr�j�c� e�cpand�tur+�� �axev�ousl�+ <br />au�ho�,� �ad k��+ th� Ci ��r �cunci.l �+nc3 ��� �ar�t� in th� t�x <br />inc�Qn�Qrrk �,�n�r��ln� pl�ns ���w�oug�� ac�c��at�d ��r Q��h t�x <br />�ne�amA�►t �`i�naraci�nc� d��t�,ict �r�,�,��n Dc�v��cpmc�nt Di,�t�,��t No. <br />�, tt�Q�c� e�Q additior�a� pro���t ��cp�nc�ituz��s �s tollow�: <br />�. Public I�p�eve�mQ»t a�d in�ras�r�uctu�� <br />��c�uirQ�ents �o� �he a���, <br />2. Puxchas�, write ciown, anc� deme�l i�f on <br />of su�beta�nda�rd areas for nc�w m�.xed <br />use cievelopm�nt. <br />$25, �00, Oi10 <br />S�o,000,000 <br />