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APPENDIX C <br />ELIGIBILITY <br />It is proposed that the tax increment district is a redevelopment district under the blighted land <br />provisions of the law. The basis of this finding originates with the Braun Report, Titled "Wetland <br />Evaluation", Miller Industrial Park, September 1983. The Report indicates that the vast majority of <br />the evaluated area has soil, water or other conditions requiring correcting before buildings can be <br />built,. It would appear that the 80 percent rule is met as well as the cost to cure. The basis for the <br />finding of blight is that the cost of the land plus the cost to correct the soil is higher cost per unit of <br />land that a similar unit of land within the City without any problems. The land has remained <br />undeveloped after the studies for nearly five years. Considering that other industrial development <br />has proceeded within the City, the cost factor would be the logical reasoning for non -development <br />of the proposed industrial/commercial park. <br />Therefore, based on the Braun Report and the extra costs required to correct the soil, the tax <br />increment district will be defined a redevelopment district in this plan. <br />City of Mounds View TIF District No. 3 Modification 20 111 a g e <br />