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City of Roseville, Minnesota <br />Section B Statutory Authority <br />The Council has determined and hereby reaffirms that it continues to be desirable and in the public <br />interest to designate a specific area within the corporate limits of the City as the Project Area and to <br />establish, develop and implement a Program pursuant to the provisions of the Development District Act <br />and the Port Authority Act (collectively, the "Acts"), as amended and supplemented from time to time. <br />Funding of the necessary activities and improvements in the Project Area shall be accomplished, in <br />part, with any funds the Council has or may have available from any source, including funds made <br />available by the City and through tax increment financing pursuant to the Tax Increment Act. <br />The Tax Increment Act authorizes the establishment of tax increment districts within the Project Area <br />pursuant to the requirements set forth in Section 469.174. The Tax Increment Act also designates the <br />types of tax increment districts and establishes the limitations and requirements that apply to activities <br />and public improvements which can be financed for each type of tax increment district. <br />It is the intention of the City, notwithstanding the enumeration of specific goals and objectives in the <br />Program, that the City shall have and enjoy with respect to the Project Area the full range of powers <br />and duties conferred upon the City pursuant to the Acts, the Tax Increment Act, and such other legal <br />authority as the City may have or enjoy from time to time. <br />Section C Property Description <br />The boundaries of the Project Area are coterminous with the corporate boundaries of the City <br />and are illustrated on Exhibit I-A. <br />Section D Rehabilitation <br />For some projects, property owners within the Project Area will be encouraged to rehabilitate their <br />properties to conform with the applicable State and local codes and ordinances, as well as any design <br />standards. Potential owners who may purchase property within the Project Area from the City may be <br />required to rehabilitate their properties as a condition of sale of land. The City will provide such <br />rehabilitation assistance as may be available from federal, State, County, or local sources. <br />SPRINGSTED Page 4 <br />