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APPENDIX C <br />ELIGIBILITY <br />District Statistics <br />There are 30 tax increment parcels within the proposed tax <br />increment district. <br />-- 70%, or 21 parcels must be occupied by buildings. <br />-- 21 parcels, or 7096 are occupied by buildings. <br />Of the 21 parcels, 20% or 4 must be structurally substandard <br />requiring substantial renovation to be standard. <br />-- 4 parcels, or 20% are blighted in the above form. <br />-- Of the 21 parcels, 30% or 6 must and have been found to require <br />substantial renovation or clearance in order to remove such existing <br />conditions as: incompatible uses or land use relationships, <br />overcrowding of buildings on the land, excessive dwelling unit <br />density, obsolete buildings not suitable for improvement or <br />conversion, or other identified hazards to the health, safety and <br />general well being of the community. <br />See Appendix "(111 for designation of blight. <br />The properties designated as blighted will be encouraged to rehabilitate when <br />financially feasible or may from time to time be acquired on a voluntary basis for <br />redevelopment assuming there are adequate funds and tax increments. No <br />properties have been identified for definite acquisition at this time except the <br />excess highway taking. The plan may be amended to permit additional acquisitions, <br />but must proceed via a public hearing. <br />City of Mounds View TIF District No. 2 Modification 22 1 P a g e <br />