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�.�� Why Redevelop <br />. Proactive land use planning, allowing a comprehensive <br />approach, changesin land use. and implemeritationof <br />desired quality/character <br />• Communityinvestment,includingincreasesinproperiy <br />valuesandjobs <br />. Improvement of city infrastructure, such as <br />improvements to existing roads and utilities and new or <br />expanded parks and trails <br />• Overcome barriers to private developmerit, such as <br />outdatedstreetlayoutsandzoning, fragmentedzoning <br />. DiversiTy housing stock to reflectchanging <br />demographicsand keep Ufie communiiyand schools <br />vibrant <br />r�r� a: <br />Twin Lakes Redevelopment <br />to Date <br />7Y�iy�•i�xi 11i5 Ll4wii�5 bdi� <br />– $3.3 million contarmnaHon dean up <br />–$6.7 midion site acquisition. demdition, sdl corrections <br />– 5500,000 in plamung and environmental assessmrjni ddlars <br />Twin Lakes Business Padi arrently indudes 322.600 s.f. <br />redevelaped �flce highRech flex <br />– Adds 1,150jobs <br />– Addsannualp�nlofs40million <br />– Adds$20 millionin newvalue <br />– Adds $850,000 ($510,000) in annual property taYes <br />�.��• Roseville TIF Districts, 2004: <br />,�+. � �T {' ...�:�s.F�.��.�},;:�' $ � ..�. . <br />�`f ��' r .�!' �-•,�f r,••: <br />�� "f .�►� r " <br />.w .. � ��� i <br />� f �:' ,4 +� 7�. -' } � <br />��� ��• .�.��' -'�i' ,��-+�� <br />K ` ' •• � �'. <br />•� "�i��l r 'ti=•�p[• ��'�•y�Ty <br />r —' i . i ..�TS'• _ k 5 --±� <br />h <br />' f . ` � . <br />• � �• Y r . '' L �••.� f r'�*•� . <br />�—•t � •'i �:�{ • a ..s..y � al� �4 <br />� • 4�I�j1 ; . •.: � � � ly�'�'- ' <br />_ �S f � ~_' <br />Ti� 41�r*�wM �k��na p�Ir4da '' • �� <br />—� �' • � - - -•- � <br />-_.. �.=_'{�-• �-� �•-- .��. <br />',�'r •-- •-� ' _. . <br />- _•�r-r�c x �: �� ��a• I <br />1}M�ptib�{; <br />RedevelopmentStrategies <br />Roseville's redevelopment strategies indude the <br />following: <br />– Aclively encourage th e redevelopment d blighted commerdal and <br />industrlai land uses that fr�corporate danned business parfc <br />atmosphere to providefor a m6� of �, maxJmize �� base. <br />increase quality jobs and provide job to housirlg balance i n a <br />livable environment <br />– C�dnu�ly develop and refine redevelopment plans fvr each <br />section of ihe com m u nity to engurg a balance of commerciai and <br />reSWer�O� tax base. <br />��-Tax Increment Calculation <br />,�.� <br />�� <br />�� <br />� - �,��,.- - --- <br />.� <br />�* �- x � os.��� <br />� � �� . <br />° �� <br />_�� ���� � <br />� ���ti <br />I i.�. �� <br />i� ��:' ���,. � ��' <br />,..r.� <br />��� y 1�V i ti��T! '-� !�� <br />� a�� � tier ��� I��a +/:k41�1 <br />4i �i r���� <br />.. . _ � r.r� � <br />�i�i <br />�{ <br />Monetary Uses: <br />Twin Lakes RedevelopmentArea <br />L9f11 Land and Building Acquisition <br />RelaCatlon <br />Site Preparatim <br />(grading, demo, engineering. soil wrcection) <br />Site Preparation (environmental) <br />Landscaping(TLP); i.angton Lake Improvernents <br />� <br />(Twin Lakes Parkway. Pria Avenue. OH Site <br />Corttirigenc,y (10.00 % ) <br />Costs of Issuance (2.50% of TaY Increment Bonds) <br />TOTALUSES <br /># 1T.TYbJ17U <br />i +.+n7_{�vG <br />1 ��� ma <br />i T�0.9a <br />i e�qpb7 <br />S 5.�9G.��] <br />i OAC0.{�49 <br />i 98h�88 <br />i'� <br />l� <br />