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100 <br /> III. TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING <br /> DISTRICT NO. 5-RAMSEY COUNTY <br /> A. Statement of Objectives and Redevelopment Project. <br /> See paragraphs B and C of the Amendment to Redevelopment Plan. <br /> B. Property to be Included in Tax Increment District. <br /> The Parcels located in the City of St. Anthony, Ramsey County, Minnesota set forth on <br /> Exhibit A shall constitute the Parcels in the District. <br /> C. Estimated Public Redevelopment Costs Property to be Acquired Contracts and <br /> Development Expected to Occur. <br /> 1. Capital Proceeds. The capital proceeds of the project, comprising the proceeds of sale <br /> of any land acquired by the HRA or the City to private developers, are expected to be $0.00. <br /> 2. Public Redevelopment Costs. The present estimate of Public Redevelopment Costs <br /> are expected to be as set forth on Exhibit B,plus interest to be paid on the Tax Increment Bonds during <br /> their term (other than interest paid from the proceeds of the Tax Increment Bonds). <br /> • <br /> 3. Property to be Acquired. If necessary to provide for the redevelopment of the area in <br /> the Redevelopment Project Area may acquire all or a portion of the property in the District. Such <br /> acquisition may consist of the taking by eminent domain of all or a portion of the property interests of <br /> tenants in the District. In addition, it is expected that the HRA will provide financial assistance to the <br /> acquisition of land in the District by third parties on which improvements will be constructed. <br /> 4. Development Contracts. No contracts have been entered into for future development <br /> activities proposed to take place in the Redevelopment Project Area. <br /> 5. Development to Occur. The development which the HRA reasonably expects to occur <br /> in the Redevelopment Project Area consists of the acquisition and renovation of the main center of the <br /> Shopping Center; the building of storm water improvements to accommodate storm water run-off from <br /> the Shopping Center and site improvements and other improvements of a public nature related to the <br /> renovation of the Shopping Center. Such redevelopment is expected to occur within the next three <br /> years. <br /> • -5- <br />