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City of Mounds View TIF District No. 1 Modification 4 | P a g e excessive dwelling unit density, obsolete buildings not suitable for improvement or conversion, or other identified hazards to health, safety and general well-being of the community. The 15 structures on the 21 parcels of land constituting the redevelopment district have been investigated by consultants. Four of the 15 buildings are deteriorated and structurally substandard to a degree requiring clearance and 6 other structures are found to require substantial renovation in order to remove such existing conditions as: inadequate street layout, incompatible uses or land use relationships, overcrowding of buildings on the land, excessive dwelling unit density, obsolete buildings not suitable for improvement or conversion, or other identified hazards to the health, safety and general well-being of the community. Thus, the tax increment financing district appears to meet the statutory requirements of a redevelopment district and will henceforth be referred to as a redevelopment tax increment financing district. The parcels that have been used to establish eligibility as a redevelopment tax increment financing district are listed in Appendix C. (AS MODIFIED JUNE 12, 1989) The City Council of the City of Mounds View, Minnesota, in determining the need for a tax increment financing district and modification in accordance with Minnesota Statutes, Sections 469.174-469.179 inclusive, finds that the district to be modified is a redevelopment district pursuant to Minnesota Statutes Section 469.174, Subdivision 10. It has been determined that 18 of the parcels in the district (72 percent) are occupied by buildings, streets, utilities or other improvements and 22 percent of the buildings are structurally substandard and an additional 44 percent of the buildings are found to require substantial renovation or clearance in order to remove such existing conditions as: inadequate street layout, incompatible uses or land use relationships, overcrowding of buildings on the land, excessive dwelling unit density, obsolete buildings not suitable for improvement or conversion, or other identified hazards to health, safety and general well - being of the community. The 18 structures on the 25 parcels of land constituting the redevelopment district have been investigated by consultants. Four of the 18 buildings are deteriorated and structurally substandard to a degree requiring clearance and 8 other structures are found to require substantial renovation in order to remove such existing conditions as: inadequate street layout, incompatible uses or land use relationships, overcrowding of buildings on the land, excessive dwelling unit density, obsolete buildings not suitable for improvement or conversion, or other identified hazards to the health, safety and general well-being of the community. Thus, the modified tax increment financing district appears to meet the statutory requirements of a redevelopment district and will henceforth be referred to as a modified redevelopment tax increment financing district. The parcels that have been used to establish eligibility as a redevelopment tax increment financing district are listed in Appendix C. (AS MODIFIED MARCH 26, 1990) The City Council of the City of Mounds View, Minnesota, in determining the need for a tax increment financing district in accordance with Minnesota Statutes, Sections 469.174- 469.179 inclusive, finds that the district to be established is a redevelopment district pursuant to Minnesota Statutes Section 469.174, Subdivision 10. It has been determined that 7 of the parcels in the district (70 percent) are occupied by buildings, streets, utilities or