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F. Development Program <br />The municipal development district is being created for the purpose of <br />assisting future developers with certain public costs associated with <br />commercial/office development. The City of Mounds View is authorized to <br />use eminent domain, issue bonds and to acquire, construct, reconstruct, <br />Improve, alter, extend, operate, maintain and promote development <br />programs in each mu.icipal development district creale6. <br />In this municipal development district, the City may participate in the cost <br />of land acquisition, street upgrading, relocation, utilities, storm and sanitary <br />sewers. <br />Tax able <br />assist in <br />the finats may blisition and other approved publilized to the extent they are c ccosts, including <br />ncingof landacquisition including <br />tho::e listed above. <br />1. ststement of Objectives <br />The f Mounds View, Minnesota, determines <br />that tnecessary, desirable <br />ttis y Council of the City oand in the public Interest to designate, <br />establish, develop, and administer a development district in the City <br />of Mounds View pursuant to the provisions of Minnesota Statutes, <br />Chapter funding <br />o The cityeee of Mounds <br />ublicView <br />acti ities mnd improvements is -that n <br />the funding o[ the ne�essay p <br />_ the development district shall be accomplished through tax increment <br />financing in accordance with Minnesota Statutes, Sections 273.71-78. <br />ty <br />The City of <br />ounds View an <br />Mouns <br />ew <br />achieve the following objectivveshthrough t hiside development plian:eek to <br />a, Eliminate or correct physical deterrents to the development of <br />land. <br />b. Improve the financial base of the City and State. <br />e, Provide employment opportunities through the creation of new <br />jobs. <br />ired"a, <br />-:Ac,;_na and other public <br />d. Provide adequate H <br />improvements to enhance the area for new development. <br />e. Achieve a high level of design and landscaping quality to <br />enhance the physical environment. <br />f, Eliminate blighting influences which impede potential <br />development. <br />g. Coordinate elements of the City's Compr&ansive Plar. with <br />these project objectives. <br />h the City, for deve!or, ent by private the needs of <br />private enterprise. <br />