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B. Statement of Objectives (continued) 2. Promoting and securing additional employment opportunities within the Development District and the City for residents of the City and the surrounding area, thereby improving living standards and preventing unemployment and the loss of skilled and unskilled labor and other human resources in the City; 3. Securing the increase of property subject to taxation by the City, Independent School District No. 623, Ramsey County and other taxing jurisdictions in order to better enable such entities to pay for public improvements and governmental services and programs required to be provided by them; 4. Securing the construction and providing moneys for the payment of the cost of public improvements in the Development District, which are necessary for the orderly and beneficial development of the Development District, and 5. Cooperate with and assist commercial and related developers to ensure that the developments are community assets and meet City —wide standards; 6. Develop a sound tax base for the community, thereby helping to avoid undue and excessive public financial burdens upon individual property owners. 7. Undertake public expenditures at the lowest possible level consistent with public facility and service needs generated by development and demographic trends. 8. Promote the development of this District, as vital and in the best interests of the City and the health, safety, morals and welfare of its residents, and in accordance with the public purposes and provisions of the applicable state and local laws and requirements under which the District has been undertaken and is being assisted. 9. Undertake a program to stimulate and revitalize the Larpenteur /Snelling intersection commercial area into a strong, community /retail center by rehabilitation and redevelopment of certain business property. Illa C. Statement of Public Facilities Constructed At this time, the City has not specifically identified and estimated the final cost for all the public expenditures. The specific costs and activities will be identified in the Tax Increment Project Plan. It is anticipated that the City will undertake a portion or all of the following public activities; property acquisition and relocation costs, demolition of structures, site preparation, street and related expenditures, alley and related expenditures, parking improvements and related expenses, lighting systems, pedestrian skyway system, upgrading and construction of municipal utilities, including (but not limited to) water, storm water and sewer. With all projects, the costs of engineering, design, survey, inspection, materials, construction, installation, acquiring property or easements, restoring property to its original condition, apparatus necessary to provide public work, legal and other consultant fees, testing, permits, judgments or claims for damage and other expenses are included as project costs. 1 -2