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The specific objectives of the TIF District ar-e as <br /> follows: <br /> 1 . To provide financing so that blighted, vacant land <br /> can be developed for- housing; <br /> 2. To provide opportunities -For* the development of <br /> land within the TIF District; <br /> 3. To increase the .supply of housing; <br /> 4. To preserve and enhance the quality of life of the <br /> City by providing a range of housing oppor•.tunities; <br /> 5. To provide maximum opportunity, consistent with the <br /> needs of the City, for deveiopment by` private <br /> enter•pr•ise; <br /> -6. To alleviate a shortage of decent, safe, and <br /> sanitary housing; <br /> 7. To .cr•eate employment; and <br /> 8. to provide decent, safe, and sanitary urban <br /> dwellings, apar•tmen.ts, or• other living <br /> accommodations for persons of moderate income or <br /> for• , veterans and servicemen and their, families <br /> pursuant to Minnesota Statutes 469.002. <br /> A <br /> b. CLASSIFICATION OF THE TIF DISTRICT <br /> The TIF Dis.tr•ict will encourage the redevelopment of a <br /> substandard area which would not be developed without <br /> assistance. It will result in increased housing in the <br /> City, and it will result in the preservation and <br /> enhancement of the tax base of the City. <br /> 6 <br />