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Citv �f �� ��._. � , � 1 � l�lJ]]]�9�� Community Development Department 2660 Civic Center Drive Roseville, MI�T 55113 651.792-7072 Fax: 651.792-7070 Tax Increment Financing Application Procedures June 1999 1. Introduction In February 1997, the City of Roseville adopted a revised Tax IncrementFinancing (TIF) Policy. This policy requires a detailed application from each applicant seeking to use tax increment financing as a portion of their project financing. Before applying for such assistance, applicants are urged to thoroughly review the TIF policy to determine whether the proposed project meets the criteria and timing. This application form requires detailed information as set forth in the TIF policy. It is the City's policy to encourage and enhance individual choice in job� and in housing to fit our citizens needs; to encourage and enhance economically strong stablej ob producing commercial and industrial projects wztk��n the city which will create employr�ent opportunities; to provide housiz�g affordable to our residents; to provide life cycle housing opportunities; to provide for pollution abatement and soil correction; to protect and enhance natural resources; and to protect individual and community property values by redeveloping blighted buildings, land and public infrastructure. The City will use tax increment financing investments as an incentive to accomplish this policy. The City will be proactive in forming government collaborations and leverage private investments in areas or sites where a proj ect would not otherwise be financially feasible. The developer shall demonstrate that the project as proposed cannot be built without the use of a public investment incentive. Assistance to promote community development obj ectives shall typically he in the form of pay-as-you- go tax increment financing. Each proj ect will he evaluated on a case by case basis. 2. Eli�ible TIF Uses (as per Roseville Tax Increment Policy - section 1.K,) A. Replacement or cleanup of contaminated soils which would preclude development (as defined by the Minnesota Pollution Control Agency). B. Reclamation of existing urban area unbuildable soils.