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C1tV Of �{ M1 V � 7Lt�_____i_ Community Development Department 2660 Civic Center Drive u Roseville, MN 55113 u 651.490.2279 u Fax: 651.490.2931 TAX INCREMENT POLICY ADOPTED 9/09/96 Amended and Restated 2/10/97 Reprinted June 1999 ':'�:1/ C The City of Roseville Tax Increment Financing Policies are established to primarily enhance private sector employment growth and j ob retention, plus tax base expansion. Added priorities include: upgrading of obsolescent public and private facilities, remediation of pollution, provision for natural resource retention or remediation, and expansion of life cycle and affordable housing renovation and new construction. It seeks to involve the community, the region, and other taxing j urisdictions in a fair and open process. The policy shall meet the requirements of Minnesota Statutes 469. It will be honest to its citizens, fair to all affected taxing districts, comprehensive in calculating its impact, open to public and governmental scrutiny and comment, and treat all applicants in a fair manner yet recognize that fair treatment may not necessarily be interpreted as equal treatment to all due to the limited resources available. SE��CI� 1. [� di Stat�m�nt � It is the City's policy to encourage and enhance individual choice in j ob s and in housing to fit our citizens needs; to encourage and enhance economically strong, stable j ob producing commercial and industrial proj ects within the city which will create employment opportunities; to provide housing affordableto our residents; to provide life cycle housing opportunities; to provide for pollution abatement and soil correction; to protect and enhance natural resources; and to protect individual and community property values by redeveloping blighted buildings, land, and public infrastructure. The City will use tax increment financing investments as an incentive to accomplish this policy. The City will be proactive in forming government collaborations and leverage private investments in areas or sites where a project would not otherwise be financially feasible. To implement these general policies, it is also necessary to establish a policy regarding the orderly process of planning and budgeting to fulfill legal and operating requirements. Such a policy will provide fiscal guidance for elected officials, staff, and the community to set priorities and meet the needs of the citizens in a methodical and financially prudent manner. Page l City of Roseville Tax Increment Policy ADOPTED 9/09/96,Amended and Restated ��r Reprinted June 1999