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TAX INCREMENT FINANCING PLAN <br /> TAX INCREMENT FINANCING DISTRICT NO. 2 RAMSEY <br /> A. STATEMENT OF OBJECTIVES <br /> The Authority determines that it is necessary, <br /> desirable, and in the public interest to create a Soil <br /> Condition Tax Increment Financing District in the City <br /> of St. Anthony pursuant to the provisions of the TIF <br /> Act. The purpose of the TIF District is to finance <br /> soil correction to enable the redevelopment of property <br /> into multi-family housing. <br /> The Flan and Housing Assistance Flan identifies a need <br /> for• housing and establishes housing goals for• the <br /> City. Also, the Plan provides for• multi-housing <br /> development including redevelopment. The purpose of <br /> the HRA 's undertaking is to accomplish the Plan and <br /> goals as approved by the City. Also, the HRA and City <br /> have approved a Redevelopment Plan for this TIF <br /> District and have included this TIF District in a <br /> Project Area. The purpose of the HRA 's undertaking is <br /> to accomplish the goals of the Redevelopment Plan. <br /> The purpose of the Soil Condition TIF District is to <br /> provide a means for• financing soil correction so the <br /> Project Area can be redeveloped. The redevelopment <br /> will make it possible for this area of the _City located <br /> within the TIF District to pay ta::es for• services, <br /> reduce the blighting influences of vacant, poor- soil <br /> land, - and provide housing. The redevelopment would not <br /> occur, but for the use of TIF. <br /> 5 <br />