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� � � � � � �� �.� � � a � � � � � � � � Ciiy of Roseville, Minnesota In order for a city, town, county, or schoal district to utilize tax abatement, the following findings must be made: The benefits gained must equal or exceed the cost to the political subdivision; and it must be in the public interest because it does one of the following: 1. I ncreases or preserves the tax base 2. Provides employment opportunities 3. Provides or helps acquire or construct public facilities 4. Helps redevelop or renew blighted areas 5. Helps provide access to services 6. Finances or provides for public infrastructure The abatement approval process is much simpler than tax increment, consisting of the following steps: calling for a public hearing, publishing a notice of the hearing, conducting the hearing, and passing an abatement resolution. Dollars generated through abatement carry a minimal number of spending restrictions compared to tax increment. However, the revenues generated from abatement are typically less than revenues generated in a redevelopment TIF District, because abatement collections by the City are capped at 10% of the jurisdiction's levy, and participation by other taxing entities requires their approval. 3. Metropolitan Council Livable Communities Grant (Minnesota Statutes Chapter 473.25 - 255) The Metropolitan Council works with communities in the seven-county metropolitan area to help them grow and redevelop by providing tools for smart growth. Through the Livable Communities Act (LCA), the Council will award 4 types of grants to cities to: � Clean up polluted land for redevelopment and new jobs, ■ Create model development or redevelopment that incorporates efficient use of land, a range of housing types and costs, commercial and community uses, walkable neighborhoods, and easy access to transit and open space, ■ Create affordable housing opportunities, and � Develop innovative and inclusionary housing that includes a variety of housing types and prices, while demonstrating cost reduction through local regulatory incentives. a) Tax Base Revitalization Account W Restoring Land to productive use According to the Metropolitan Council, cleaning up polluted land for redevelop- ment and productive uses creates jobs and fuels the region's economic engine. The result is a cleaner environment, revitalized communities, and growth directed to central cities and older suburbs where costly infrastructure like roads and sewers is already in place. Since 1996, the Council has awarded 127 grants totaling $44.5 million to 26 communities from the Tax Base Revitalization Account (TBRA) to clean up and redevelop 996 acres of contaminated land. These projects leveraged an SPRINGSTEp �A�� 6