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Mounds View Economic Development Authority Tax Increment Financing Plan for Tax Increment Financing District No. 5 2-2 Subsection 2-4. Project Plan Overview 1. Property to be Acquired - Selected property located within the District may be acquired by the EDA or City and is further described in this TIF Plan. 2. Relocation - Relocation services, to the extent required by law, are available pursuant to M.S., Chapter 117 and other relevant state and federal laws. 3. Upon approval of a developer's plan relating to the project and completion of the necessary legal requirements, the EDA or City may sell to a developer selected properties that it may acquire within the District or may lease land or facilities to a developer. 4. The EDA or City may perform or provide for some or all necessary acquisition, construction, relocation, demolition, and required utilities and public street work within the District. 5. The City proposes infrastructure facilities within the District, no additional open space within the District, no environmental controls specific to the District, proposed reuse of private property as an business campus, and continued operation of the Mounds View Economic Development Project after the capital improvements within the Mounds View Economic Development Project have been completed. Subsection 2-5. Description of Property in the District and Property To Be Acquired The District encompasses all property and adjacent rights-of-way and abutting roadways identified by the parcels listed below. See the map in Appendix B for further information on the location of the District. Parcel Numbers 05-30-23-13-0001 05-30-23-21-0005* 05-30-23-21-0006* 05-30-23-24-0059 05-30-23-24-0060 *These parcels are being removed from Tax Increment Financing District No. 3 to be included in Tax Increment Financing District No. 5. (As Modified February 13, 2006) *These parcels were removed from Tax Increment Financing District No. 3 to be included in Tax Increment Financing District No. 5. Pursuant to the 2005 Laws of Minnesota, Chapter 152, Article 2, Section 26 (H.F No. 2498) (the "Special Legislation") Subd. 1, paragraph (b), the "area" is bounded by, and including, on the north County Road J west of Coral Sea Street and 82nd Lane NE east of Coral Sea Street, on the east Coral Sea Street north of 82nd Lane NE and Interstate Highway 35W south of 82nd Lane NE, on the south and southwest U.S. Highway 10, and on the west the western boundary of Outlot A, Sysco, according to the recorded plat thereof, and situated in Ramsey County, Minnesota. A copy of the 2005 Laws of Minnesota, Chapter 152, Article 2, Section 26 (H.F. No. 2498) can be found in Appendix G. The EDA or City may acquire any parcel within the District including interior and adjacent street rights of