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Department Approval: <br />Item Description: <br />REQUEST FOR COUNCIL ACTION <br />I1 <br />DATE: 04/25/OS <br />ITEM NO: 8 <br />Agenda Section: <br />new <br />Roseville Tax Increment District #17 and Modification of Roseville <br />Development District No. 1 (PF3595 TIF District) <br />1.� REQUESTED COUNCIL ACTION: <br />1 �1 By Resolution, set a public hearing date for June 20,2005 considering the modification of <br />the development program for Roseville Development District No. 1, the Tax Increment <br />Financing Plans for Tax Increment Financing Districts Nos. 1, 10, 11, 12, 13 and 16, the <br />creation of Tax Increment Financing District No. 17 and the adoption of a tax increment <br />financing plan relating to TIF District No. 17. <br />�,fl <br />?.L <br />BACKGROUND: <br />The attached proposed chronology outlined the steps and procedures necessary for the <br />creation of a new TIF District No. 17 relating to the Twin Lal{es, Phase I project as <br />proposed by Rottlund Companies. <br />�.. �. The steps include the decertification of parcels within the existing Tax Increment District <br />No. 11 and Hazardous Substance District No. 11A. There are a total of 21 parcels <br />proposed to be included in the new TIF` District No. 17. Of those parcels, all are within <br />TIF District N'o.1 I and 2 are within Hazardous Substance District No. 11 A as outlined in <br />the attached parcel list. <br />?. � As part of this process and due to the decertification of parcels within an existing district <br />and the creation of a new district, the existing Development Program for Roseville's <br />Development District No. 1 as well as the specific Financing Plans for all existing <br />districts, must be modified. Roseville's Development District No. 1("Project Area") <br />includes the entire City of Roseville boundaries. (Refer to attached Map). <br />?. � Due to the statutory notice requirements as outlined in the attached chronology, the public <br />hearing must be set on April 25,2004 to meet the June 20,2005 deadline per the dates <br />outlined in the exclusive negotiation contract with Rottlund Companies. <br />}.� If the Council chooses to delay the setting of the public hearing date, all other scheduled <br />dates must also be modified. <br />�'.� A draft TIF Plan is being preparedby Krass Monroe's office and will be available for <br />Council review no later than the April 22,2004 packet delivery date. This TIF Plan as <br />proposed and modified by the Council must be forwarded to Ramsey County and Mounds <br />View School District two days after the Council sets the public hearing to enable them <br />