CC_Minutes_2008_0114 - Laserfiche WebLink

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r -)-r(~n-. ~). Cas IZB~ Fad, E F;i't RED S®LU'I'IOIarS AgTTFIOI~Z£iN0 "T$$~ AC~~SI'L'IOhT ®~ C~~$~'AE~ ~$®~EI~~~' ~®I$ I~U~LIC ~s~ $$'~' Rt_Q~aE)« ~~ EI~II@EN~ ~®I~IATY WHEREAS, the City of Roseville is a municipal corporation organized and existing pursuant to the Constitution and laws of the State of 1v4innesota and its charter and is govented by the City Council (the "Council"); WHEREAS, the City has established Development District No. 1 (the "Project Area") raider the authority of Minnesota Statutes, Chapter 469 (the "Act") and in particular sections 469.053, 469.032 and 469.124 through 469.134 thereof and in accordance with the provisions of this Agreement, and subject to all applicable requirements of the Act, has established a Tax Increment Financing District (the "Tax Increment District') within the Project Area and adopted a Tax Increment Financing Plan (the "Tax Increment Platt") for the Tax Tncrement District to facilitate the financing of public development and redevelopment costs in the Project Area; WHEREAS, the City deems it to be in the public interest to facilitate and encom~age redevelopment of the Project fvea by a combination of public and private activity within the Project Area and in accordance with the Tax Increment Plan; WHEREAS, Opus Northwest, LLC ("Developer") has proposed an office development (hereinafter defined as the "Project") within such Project Area which the City believes will promote and carry out the objectives for which redevelopment is undertaken, will be in the vital best interests of the City, will promote the health, safety, morals, and welfare of its residents and will be in accordance with the public purposes and provisions of the applicable state and local laws and requirements under which activities within Lhe Project Area have been undertaken and are being assisted;