04-10-2013 Council Agenda - Laserfiche WebLink

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continuation of blight and the occurrence of conditions requiring redevelopment 4. The Development Program contains vacant, unused, underused and inappropriately used land. Therefore, the City has determined to exercise its authority to develop a program for improving the Development District to provide impetus for private development and redevelopment, to provide decent housing to residents, to maintain and increase employment, to provide infrastructure to serve citizens and employees of the City, to utilize existing land for potential redevelopment and to provide other facilities as are outlined in the Development Program. The City has also determined that proposed developments to be assisted by the City would not occur solely through private investment in the foreseeable future. The City finds that the welfare of the City , as well as the State of Minnesota, requires active promotion, attraction, encouragement and development of economically sound industry and commerce to carry out its stated public purpose objectives. The City has also determined that any tax increment financing plans to be proposed herein will be consistent with the Development Program, and that the tax increment financing plans will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the development or redevelopment of the Development Program by private enterprise. Subsection 1 -4. Statement of Objectives The City determines that it is necessary, desirable and in the public interest to establish, designate, development and administer the Development Program. The City determines that the establishment of Development District No. 6 will provide the City with the ability to achieve certain public purpose objectives not otherwise obtainable in the foreseeable future without City intervention in the normal development process. The City seeks to achieve the following program objectives: 1. Promoting and securing the prompt development of property in the Development Program in a manner consistent with the City's planning and with a minimal adverse impact on the environment, which property is less productive because of the lack of proper utilization and lack of investment. and thereby promoting and securing the development of other land in the City; 2. Promoting and securing additional employment opportunities within the Development Program 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 in value of property subject to taxation by the City, Independent School District No.623 and Ramsey County, and any 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 of moneys for the payment of the cost of public improvements in the Development Program, which are necessary for the orderly and beneficial development of the Development Program; and 5. Providing and securing the development of increased opportunities for families to reside in quality owner - occupied housing, for senior citizens to choose from housing options which offer a wide array of services without regard to income, and for residents looking for a wide range of multi- family units. City of Little Canada Development Program for Development District No. 6 1 -3