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DEC-19-2002 14:57 ROSEVILLE-COMM-DEV 6514902931 P.17/27 <br /> 469.1813 <br /> •i1:1 <br /> (b) it finds that doing so is in the public Interest because it will: 3 <br /> (1) increase or preserve tax base; <br /> I <br /> (2) provide employment opportunities in the political subdivision; <br /> (3) provide or help acquire or construct public facilities; I <br /> (4) help redevelop or renew blighted areas; 77+ <br /> (5) help provide access to services for residents of the political <br /> subdivision; <br /> (6)finance or provide public Infrastructure; or <br /> 3 <br /> (7) phase in a property tax increase on the parcel resulting from <br /> an increase of 50 percent or more in one year on the estimated market .•s <br /> • value of the parcel, other than increase attributable to improvement of the <br /> parcel. <br /> Subd. 1a. Use of term. As used in this section and sections <br /> 469.1814 and 469.1815, "abatement" includes a deferral of taxes with <br /> abatement of interest and penalties unless the context indicates <br /> otherwise. <br /> Subd. 2. Abatement resolution. (a) The governing body of a <br /> political subdivision may grant an abatement only by adopting an <br /> abatement resolution, specifying the terms of theabatement. In the case <br /> of a town, the board of supervisors may approve the abatement resolution. I <br /> The resolution must also include a specific statement as to the nature and <br /> • extent of the public benefits which the governing body expects to result <br /> 2 Kress Monroe, P.A. <br /> , <br />