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�3� I►1 coardination with tl�e City, prepare a preliminary financial feasibility <br />analysis identifying costs and sources of revenue, including tax increment and <br />other potential sources ofpublic assistance, to deterniine the necessarypublic <br />investment in the redevelopment, assumi�tg the Council shall have approved <br />the redevelopment area identified far Phase 1 of the redevelopment, and the <br />City and Rottlund have agreed in principle on a strategy to close the gap in <br />financing the redevelopment. <br />Section 2. FindinQs. <br />2.01 With respect to each of the required actions listed in Section 1.04, the Council makes <br />II7C �CIIIC�55����� �III�I]7�r,. <br />� I� �<<� Ty� Stakeholders' Advisory Panel has presented its draft Roseville <br />'C���i�i Lakes Master Planning Process Summary Report dated <br />September 8, 2004, and <br />fl�j On September 1,2004, Rottlund submitted an application farconcept <br />plan approval to the City, together witli a site plan, draft preliminary <br />plat and a grading and utility plan. Sucli submission will be <br />considered by the City's Planning G� n� �>> i��ti�7;� on October 6, 2004 <br />��n�l by the Cotincil on Uctober 25, 2004. A copy of the cover <br />transmittal (without enclosures) is attached as Exhibit A. The <br />Council finds that this submission satisfies the requirement of Section <br />1.� �f 1 � above. <br />�: ��:� f�; ti Tlie Council hereby finds that the list submitted by Rottlund attached <br />as Exhibit B shows all of the parcels that must be acquired far Phase I <br />of the redevelopment, which includes Areas 1-5 and 8. <br />(1�� The Council hereby finds that the Redeveloper has perfornled <br />pre iminary appraisals 1nd estin�ation of relocation costs for <br />representative parcels in Phase I, as evidenced by the letter attached <br />as Exhibit C. The City has been advised by its redevelopment <br />consultants that such preliminary data has been incorparated into the <br />cost assumptions far Phase I of the redevelopment as shown in the <br />Sources and Uses schedule described below. <br />� 3� (;3 i The Council hereby finds that the Sources and Uses schedule attached <br />as Exhibit D satisfies the requirement that Rottlund coardinate with <br />the City to prepare a preliminary financial feasibility analysis <br />identif}�ing costs and sources of revenue for Phase I, including tat <br />increment and other potential sources of public assistance. <br />� <br />