10-03-2012 - Laserfiche WebLink

Home Browse Search

City of Mounds View TIF District No. 2 Modification 2 | P a g e See Appendix "B" 3. Other Development Not Under Contract Reasonably Expected to Occur in the Project See Appendix "B" D. Description of Property in the Tax Increment Financing District. See Appendix "A" of this report for a list of property to be included in the proposed Tax Increment District. A map revealing the location of the tax increment parcels within the redevelopment project area is provided in Appendix "A". (AS MODIFIED ON OCTOBER 8, 2012) See Appendix "A" of this report for a list of the property located in the Tax Increment District. E. Classification of the Tax Increment Financing District The City Council of the City of Moundsview, 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(3). Please refer to Appendix "C" of this plan for eligibility statistics. 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 have been listed in Appendix "F" of this plan. F. Parcels in Acquisition 1. Properties identified for acquisition may be acquired by the City in order to accomplish one or more of the following: remove, prevent, or reduce blight, blighting factors, causes of blight, or the spread of blight and deterioration; to eliminate unhealthful, unsafe, and unsanitary structures and conditions; reduce traffic hazards; provide land for needed public streets, utilities, and facilities; remove incompatible land use, correct soil problems, eliminate obsolete or detrimental uses; assemble land for redevelopment; carry out clearance and/or redevelopment to accomplish the uses and objectives set forth in this plan. 2. Properties so identified include the following parcels: