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Roseville's TIF Policy: Roseville uses TI F for the following: ■ encourage and enhance individual choice in jobs and in housing to fit our citizens needs ■ encourage and enhance economically strong, stable job producing commercial and industrial projects within the city which will create head of household employment opportunities ■ provide housing affordable to our residents # provide life cycle housing opportunities • provide for pollution abatement and soil correction # protect and enhance natural resources * protect individual and community property values by redeveloping blighted buildings, land and public infrastructure. The City uses tax increment financing investments as a tool to accomplish this policy. The City is proactive in forming government collaborations and leverages private investments on sites where a project would otherwise not be financially feasible. A developer or business must demonstrate that the project as proposed cannot be built without the use of a public investment incentive hence meeting the "but for" test. Each project is evaluated on a case by case basis. Roseville Has Reduced the Number of T/F Districts- Roseville has created fewer districts (16) than surrounding communities (35+) and does decertify districts in a timely manner. One of the 16 districts was decertified prior to 2000. And, Roseville's TI F districts have declined from 15 districts in 2000 to 6 districts in 2002 . Roseville's Tax Increment Revenue was $7.7 million or 118% of the City Levy amount of $6.5 million in 2000. Roseville's 15 TI F Districts encompassed 565 acres or 6.1 � of the total land area in the City. I n 2002 Roseville's Tax Increment Revenue declined to $2.8 million which was 35% of the C�r Levy amount in 2002 of $7.9 million. Roseville's 6 TI F districts now encompass 314 acres or 3.55% of the total land area of the City. Currently no excess increment is being collected. All tax increment revenue collected is used to cover outstanding debt obligations. 5 m