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infrastructure improvements and to allow increased flexibility in dealing with the unpredictable nature of redevelopment. The proposal acknowledges that difficult, large scale redevelopment projects are often a combination of traditional barriers to redevelopment: (1) contamination, (2) blight, (3) soils problems, and (4) obsolete or abandoned buildings -- not just one condition. Current law is only helpful in dealing with small sites that are blighted and provide no useful tools to aid in the provision of the area-wide infrastructure that might be required in order to nurture sensible development. In addition, the City can request State bonding in the amount of $10 million to help cover the costs of regional infrastructure needed for the project such as construction of Twin Lakes Parkway, reconfiguration of the Interstate ramp and traffic lights. The Benefits of Investing in Twin Lakes: The returns to the City for its use of TIF in the redevelopment of Twin Lakes are immense. Once redeveloped, the Twin Lakes Mixed Use Business Park project will enhance livability for area residents, create new jobs and businesses, improve access to Langton Lake, and improve water quality as well as public park and open spaces. Other benefits include integration of transit, pedestrian/biking trails, and access to regional transit. Diverse employment opportunities in the park will be complimented by new housing development opportunities adjacent to or near the business park and will provide a seamless transition to existing neighborhoods. Why is TlF Public Policy lmportant?- The decision Roseville policy makers (city council, county and state representatives) need to make is if today's investment is worth the future benefits associated with redevelopment of �Twin Lakes. If public investment is not chosen, using TI F and other public financing tools, is it worth the risk to allow the area to remain economically stagnant while also deteriorating environmentallyand aesthetically? The private sector is not likely to make this investment on its own. \\Victoria\CommDev�PLANNING AND ZONING�PI.ANNING FII.ES�3550-3600�3551—Twin Lakes L.egislation\Tax Increment Necessary for T1,vin Lakes.doc �