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SECTION 2. �� Purpose � for Economic;nd H�sia� Develonment: The City Council sha11 consider the following public purpose issues after completion of an application by the developer: A. The proj ect sha11 meet the legislative criteria and intent for the use of tax increment financing. The figures supplied in the application sha11 be checked for accuracy. The School District and County shall be approached by the developer and presented with an application for their review. The City sha11 utilize the services of a qualified independent financial consultant, with development expertise, to provide the City Council with additional project analysis. B. The developer shall demonstrate that the project as proposed cannot be built without the use of a public investment incentive. It is understood that these projects would not be financially feasible without tax increment assistance from the City. Assistance to promote community development obj ectives sha11 typically be in the form of pay- as-you-go tax increment financing. Each project will be evaluated on a case by case basis. The City Council reserves the right to provide up front subsidies for priority proj ects. C. The proj ect sha11 attempt to create more of a tax basis than it consumes in City, County, or School services. The public services (and the estimated costs) required by the proposed use shall be calculated. Within districts which are prohibited from pooling funds, any excess increment generated sha11 be returned to the School District and the County. All new districts will not export funds, but may receive additional funds under the guidelines of Section 3. D. The public shall have adequate legal notice of all ta� increment proposals and been given an opportunity to review the proj ect details before and during public hearings. The use of community polls may be considered to assess community interest in proposed infrastructure proj ects. E. Significant new employment or housing choices sha11 be created as part of the proposal that will benefit a broad segment of our community. F. The project shall enhance adjoining properties and create opportunitiesfor further development. When an environmental problem exists within a proposed project, the developer shall reduce, correct, or eliminate said problem(s) on the site. G. The project shall be compatible with the adjacent and nearby land uses, and shall be consistent with the City's Comprehensive Plan and zoning regulations. H. The quality of the proposed building and site improvements shall meet or exceed City standards. Page 2 City of Roseville T ax Increment Policy ADOPTED 9/09�'96, Amended and Restated �� Reprinted June 1999